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What is Debit Card..? Explain about it in a few words..? | MUNIPALLI AKSHAY PAUL |

Essay on Debit Card A debit card is a financial tool that has revolutionized the way individuals handle their day-to-day transactions. It serves as an electronic form of payment linked directly to a person’s bank account, allowing for seamless purchases and cash withdrawals without the need for physical currency. In the modern era, debit cards have become an essential part of financial systems worldwide, providing convenience, security, and accessibility to users. Features of a Debit Card A debit card is equipped with features that make it an indispensable financial instrument. It typically has a magnetic stripe, an embedded chip for added security, and a personal identification number (PIN) for authentication. Most debit cards are also contactless, enabling quick transactions with a simple tap. Users can use them to withdraw cash from ATMs, pay bills, and shop online or in physical stores. Benefits of Using a Debit Card One of the primary benefits of a debit card is its convenience. U...

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