Contactless Debit Card: You have been using Debit Card or Credit Card for a long time. To pay from them, you have to enter the PIN number. But is your debit card or credit card a contactless card? If yes, then you get many benefits from it. You get paid without entering a PIN number. Apart from payment, there are many benefits. Contactless cards work on a particular technology, which makes the customer very easy.
How does this card work
A contactless debit or credit card is a special type of chip card that works on Near Field Communication (NFC) technology. This does not require placing the card and inserting the PIN number in the POS or card reader machine for the transaction. It is only kept near the POS machine and paid by putting the fixed amount.
Transactions can be done up to Rs 5000
According to the latest circular of the Reserve Bank of India, you can transact or pay up to Rs 5000 in India with such a card. Before 1 January 2021, this limit was only up to 2000 rupees.
These types of cards are more safe
EMV chip, PIN card and contactless NFC card are considered safer than magnetic striped cards. In contactless NFC cards, the card is read and placed near the card reader.
Exercise to strengthen digital payment
As part of efforts by the Government of India to make it easier and promote digital payments in the country, the RBI has given permission to banks and financial institutions to issue contactless cards and has set the terms and conditions for this.
Benefits of contactless debit or credit card
Payment from contactless NFC card is much faster than the rest of the card. In the corona period it also prevents the spread of the virus. Usually such cards are read at a distance of maximum 4 to 6 centimeters in the machine. You cannot turn this card off.
