Question

What is the difference between rupay debit and rupay platinum debit card?

Answer 1

Answer:

Now, having a debit card is synonymous to having a bank account. Using a debit card, customers can make transactions at POS terminals and on online merchant stores, can make withdrawals at ATMs - making the effort of carrying around physical cash or visiting the bank branch to make a transaction redundant. Banks across the country offer debit cards in association with card associates such as VISA, MasterCard, Maestro and so on. Till the launch of the domestic card associate RuPay, only foreign card associates as mentioned above dominated the market. Rolled out by the National Payments Corporation of India (NPCI), the RuPay debit card became popular following the Government of India’s Pradhan Mantri Jan Dhan Yojana initiative - to make banking facilities available to all. Through the scheme, the Government of India subsequently rolled out zero-balance savings accounts and the Basic Savings Bank Deposit Accounts. This was intended to include even people from rural areas to have access to banking facilities. With the zero-balance savings account and the BSBDA, customers were offered a free RuPay debit card on opening the account. That said, now with all Indian banks offering RuPay debit cards, the biggest question is what is the difference between using the RuPay debit card and VISA debit cards, or which is better. To clear your doubts, we’ve listed a number of differences between the two, to help one make a choice when the option of availing either of the debit card is given to the customer. Let’s begin.