Online services have transformed the way account holders can access banking services from the comfort of wherever they are. This includes applying for a debit card. In just a few clicks, you can easily apply for a debit card and access your funds through an instant approval. For instance, the online facility of a Kotak 811 debit card download is a sure shot and secure way to manage your finances.
Those who haven’t applied for a debit card yet need not visit a bank branch anymore. Read this post till the end, and you will learn how to get your debit card online.
Debit card meaning
A debit card is a payment card that enables the account holder to access funds held in their bank account. This card can also be used for shopping. It is always a convenient option to use the money you have in your bank account, without visiting the bank. Some banks offer attractive deals on debit cards, like lower annual charges, fuel surcharge waivers or reward programs.
Types of debit cards
Some debit cards are used for in-person domestic purchases, whereas some cards allow you to make international purchases. Some debit cards are launched with brand associations, and using them provides money-saving reward points. Some debit cards come with spending limits and are pretty useful for small business owners or students.
There are many features and variants of debit cards like Visa, Mastercard, Maestro and more. All these types vary in features and offers, but the standard function of all these cards is the same.
There are two basic categories of debit cards, i.e. physical debit cards and virtual debit cards. A physical debit card is a payment you can use to withdraw money from the ATM and in-person shopping. A virtual debit card is a digital debit card that cannot be used for money withdrawal, but the rest of the online shopping can be done with it.
Benefits of debit cards
Debit cards offer the convenience of purchasing things we used to get in exchange for cash. Debit card transactions are secured by a PIN which prevents unauthorized transactions. Features like reward programs and fuel surcharge waivers are some other reasons that you must use a debit card. Debit card alerts allow you to easily track your expenses and improve your budget.
If you apply for a virtual debit card, it is even more secure. There is zero risk of losing or stealing your card when virtual.
How to download a debit card online?
Using a debit card online is highly beneficial and account holders should apply for it to avail convenient banking facilities. Online services allow customers to get their debit card without visiting the bank branch. Here are the steps you need to follow to download your debit card online.
- Visit the website or download the mobile app: It is easy to apply for a debit card by visiting a bank’s official website or by downloading its mobile app. For instance, if you need a Kotak 811 debit card, download the Kotak 811 mobile app and select the debit card option.
- Select the debit card: Next comes the option to choose a debit card from the list. You can choose from a standard debit card or image debit card. Keep in mind that there can be an additional fee for physical and personalised debit cards. So, confirm the same before applying.
- Apply for a debit card: Once you select the debit card you prefer, you need to enter basic details to complete the application form. For a physical debit card, account holders must complete the full KYC.
- Receive your debit card: Unlike credit cards, the eligibility criteria are standard for debit cards. The only requirement is to have an account at the bank you selected for your debit card. If you are an existing account holder, debit cards can be approved instantly. You may have to wait a few days to receive your physical debit card.
Bottom line
In this article, we discussed what is the meaning of a debit card and how you can download one online. A debit card is a valuable tool to manage your finances. The convenience and time saved to withdraw money or conduct purchases can now be made up for in no time online. Simply follow the guide shared in this post to get a feature-rich and affordable debit card.
