Top Factors Affecting Debit Card EMI Eligibility
Top Factors Affecting Debit Card EMI Eligibility The Debit Card EMI is a new EMI method using which consumers can avail EMI on their debit cards. Consumers utilising this method on merchant POS don't need to have the entire amount of the product in their accounts at the time of the transaction. In addition, such consumers are free to use the existing funds in their bank accounts. By using their bank's pre-approved overdraft facility, they will have their EMI amounts automatically deducted every month from their account, making it simple and completely hassle-free Let us look into some of the factors that affect debit card EMI eligibility: Your phone number should be linked to your bank account: Debit card EMI eligibility is determined by the card number and registered phone number. Because of this, consumers should always use the phone number registered with the bank when making a payment. Your account should have sufficient funds: Most banks do not require custome...