THOUGHT FOR THE DAY

Success

“I don't know the key to success, but the key to failure is trying to please everybody. ” - Bill Cosby

TOPIC OF THE DAY

Customers Attitude towards Debit Cards - A Study

INTRODUCTION

Banks are playing vital role in the economic development of a country. A sound and effective banking system is the backbone of an economy. The emergence of private/new generation banks has been changed the entire banking operations drastically by the use of sophisticated new technologies like internet banking, ATMs (Automated Teller Machines), EFT (Electronic Fund Transfer), Debit cards, Credit cards, Mobile banking, etc., are accessible to customers on a 24x7 basis across the world. These modern technologies enable the bankers to overcome the barriers of time and space in extending their customer services.

DEBIT CARD

A debit card is also called as 'plastic money'. Physically, it resembles a credit card. It is a better alternative way of carrying cash or cheque book. It is an electronic card serving as a convenient payment mechanism. Debit card allows the customers to spend only upto the limit of balance available in their account.


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