Question

What is Debit card?

Hint:

Remember:
- Debit Card = Direct access to bank account
- No credit facility is provided.

Answer 1

Step 1: A debit card is linked to the customer’s bank account.
Step 2: The amount spent using a debit card is immediately deducted from the account balance.
Step 3: It can be used for ATM withdrawals, online transactions, and in-store payments.