Debit Card Benefits That You Probably Did not Know Before

 

Well, the entire concept and process of buying things on EMI remains the same here except for the fact that now it can be availed on one’s Debit Card as well instead of Credit Cards.

EMI - Easy Monthly Installments. The whole process of payment is made easy for buyers, by just paying a part of the product's cost every month for a period of a few months to finally own that thing you have been wishing for! Sounds like something making your wishes come true? Then register and pay with the phone on debit card emi  option today, on select products being offered by Flipkart and Amazon all over India.

While continuing to be a leader in the issuance of Credit Cards, HDFC Bank is also one among the first banks in India to introduce EMIs (equated monthly instalments) on Debit Cards.

Finishing up a credit card statement is probably one of the most depressing things to do and it seems like it will never end. That’s why more and more people have started using debit cards and the best part about it is that it’s not only easier but also available for all kinds of transactions.

Lately, EMI has become an easy way out for many. EMI stands for Equated Monthly Instalments and it allows a customer the option of buying a product without the hassle of making a one-time payment. At first, only credit cards could be used for EMI transactions, but today, even debit cards can be used to place an order on EMI. And since dcemi for hdfc are accepted on Flipkart, you can also pay through debit card to place orders on Flipkart.

Doing shopping on an EMI basis is not new to anyone. Especially, if it's done on a Credit Card, the process is even more convenient and the payments can be easily made not just from your checking account, but also from your savings account.

The EMI Credit facility has been around for a while now, but its popularity was confined to only those people who had credit cards. But now things have changed. With the help of this facility, you can now purchase your favourite product on EMI in your Debit Card as well. However, if you are the kind of a person who needs more convincing, then know that this facility is available at around 30k-40k merchants including Flipkart and Amazon.

EMI allows you to pay for your purchases in installments. It spreads out the cost of your item over a few months, thus helping you to save up on initial payment. Which means less money paid upfront. There’s no alteration in how things happen on an EMI-enabled purchase. You still need to pay the same amount of money during each installment, as you would’ve paid for your entire purchase at once.