Question

difference between credit card and debit card in india

Answer 1

There is a great difference between a debit card and a credit card as When we use a debit card, the money is deducted from your own account & when we use a credit card, we're borrowing money to be repaid later.

Answer 2

Funds customers spend using their Debit Cards are directly deducted from their own bank account. While in case of Credit Cards, money is borrowed from a Bank or a Financial Institution and the customer has to pay back the amount at a fixed rate of interest by a specified date.