Technology has made our lives more easier than the past . Every hour/day we are at innovative ideas, techniques. Life seems to be more easily manageable as compared to the past. There is no lining up in long queues for paying off the utility bills or encashing money.
To ease the problems of doing so the banks and the financial institution have opened the ATMs. Online transactions have been made more convenient. Who does not like paying utility bills from the comfort of home? Yes, everyone does like it.
What I was talking to you all about was the “Bank cards”
Now the Most of the leading banks issue two types of cards to his customers/Account holders.
One is called “Debit card”. This is nothing but card joined to the saving account. Now it is an obligation from a bank to issue the card to the account holder so that one need not necessarily go to the bank to withdraw money. This can be done from the ATMs of the same bank or from other bank.
The second card will be called “Credit Card”. This card is issued on the demand of the customer. Or the bank will decide to issue or not? This is a credit note given to a customer after checking the credit worthy of the person.
Credit card is a plastic card which has a magnetic strip on it to read the account name , number and expiry date.
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