Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Home Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles News Highlights
Extracts
Home List
← Previous Next →

Benefits of Debit Card Activation – FAQs

News and Press Release - Dated:- 5-12-2016 - Benefits of Debit Card Activation - FAQs Here are given some of the major benefits of Debit Card activation in the form of Frequently Asked Questions (FAQs) and their Answer format: QUESTION 1: Why it is i .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

biting your Bank account. Debit cards can also be used to withdraw cash from an ATM. QUESTION 2: How is a customer benefited by debit cards? ANSWER: Major benefits to customers are It is more convenient to carry a small, plastic card instead of a bul .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

out a paper cheque. Safety: You don't have to carry cash or a Cheque book. Debit cards are protected by a four digit pin number that you set yourself. This pin is needed to make any purchase with your debit card. Readily accepted: When out of to .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

cash, you can take them to an ATM and use them there to withdraw the cash. Insurance: National Payment Corporation of India has introduced Insurance cover in case of accidental death or permanent disablement of ₹ 1 Lac for Non-Premium cards (Ru .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

if I have not used it for long? ANSWER: Yes. It may however require activation. Please check the forwarding letter that came with your debit card. Please check your Bank website. QUESTION 4: How do I generate a PIN ? ANSWER: Banks provide PIN by mail .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nts? ANSWER: Some of the recent initiatives towards popularizing Debit card usage are: MDR (Merchant Discount Rate) which a merchant (Shopkeeper) pays the Bank for POS transaction are reduced to zero on debit cards till 31th, December 2016. Excise du .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

networks, shops should not ask for any additional amount called surcharge or convenience fee. You can refuse to pay an additional amount for use of your card and register complaint to your bank on its website or otherwise. QUESTION 7: Can one refuse .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

by the shopkeeper, as this is to be paid by the shopkeeper. QUESTION 8: Why should Merchant encourage card use? ANSWER: Merchant are benefitted to encourage debit card transaction as: Cost of Digital transaction is lower than handling Cash. Depositio .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Forum
what is new what is new
  ↓     bird's eye view     ↓  


|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version