What are the ATM transactions you can do with debit cards?

When you head to a grocery store, food joint, or apparel store, how often have you used the phrase, ‘do you accept cards?’ The generation that heavily relies on plastic money, debit cards are nothing short of a blessing. Debit cards have become a popular mode of cashless payments. Within India, many banks offer different types of debit cards such as Visa, MasterCard, Maestro, or RuPay.

With so many cards available, selecting the right one might be a task. Considering they are packed with top-notch features, here is what you can expect from a debit card –

Their features are like that of credit cards even though it does not allow credits

Also called an ATM card, debit cards work on four-digit PIN for completing any purchases

Apart from the ATMs, you can use the debit cards at restaurants and for online payments

There are two primary kinds of debit cards – Visa and MasterCard

These cards are linked to current or savings account

It is surely different than the credit card as the consumer need not pay interest or make any repayment schedule

The debit card or ATM card allows you to make numerous transactions at the ATM. Typically, people believed they were meant for withdrawal of cash only. However, other activities get done here, as well. They include –

Utility bills payment

ATMs can be used for paying your utility bills such as insurance premiums, electricity bills, and telephone bills. However, such payments get done only if they do not cross the due dates.

Request for cheque books

Cardholders can request for cheque books too through the ATM where they hold an account. However, remember while making a new request, make sure the provided address is up to date.

Credit card payments

Most of the ATMs have the options for credit card bill payments. However, you must make the payment at the ATM owned by the bank who issued the credit card to you.

Paying taxes

Cardholders need to register for this service when they get their ATM card. You can only make payment for direct taxes here. Once the cardholder registers for the provision, the amount payable gets debited from the card holder’s account. Once debited, the cardholder receives a special item number which you can add while filing for taxes.

Recharging mobile phones

You use the debit card for recharging your mobile phone as well. You can do so by visiting the ATM owned by the cardholder’s bank. The process requires the cardholder to enter the mobile number and ATM PIN to confirm the transaction.