Whether you want to book online tickets for movie, railway journey, air travel, etc. or want to do online shopping on different e-commerce sites, one most important thing you need to have with you is nothing but your credit/debit card and its password. Nowadays, it has become a trend or you can say need to have more than one credit/debit cards. With multiple credit/debit cards, it becomes little bit difficult to remember password and you may make mistakes that leads to loss of your money.
There is good news for every plastic money lover of India as in the near future, Public sector lender Central Bank of India will launch the flexible money card that will work as a both credit and debit card. An upcoming debit cum credit card will work on the basis of availability of fund in the user’s account. It means that if customer’s account doesn’t have sufficient balance, then upcoming debit cum credit card will work as credit card; and when customer has sufficient balance into his or her account, it will work as debit card automatically.
Representative and general managing director of Central bank of India, S Das Gupta has given the statement that new debit cum credit card will be launched within a month and in the initial stage, this card may be provided to customers without any cost. Let’s wait n watch that upcoming Debit cum Credit cards will increase the use of plastic money in Indian economy or not?