Visa Debit Card, Prepaid Debit Card, Debit Card Services, Debit Card Transactions

Debit card

Debit card is a plastic card which provides an alternative payment method to cash when making purchases. Functionally, it can be called an electronic check, as the funds are withdrawn directly from either the bank account , or from the remaining balance on the card. In some cases, the cards are designed exclusively for use on the Internet, and so there is no physical card.The use of debit cards has become widespread in many countries and has overtaken the cheque, and in some instances cash transactions by volume. Like credit cards, debit cards are used widely for telephone and Internet purchases, and unlike credit cards the bearer of the debit card doesn't have to pay back. Debit cards can also allow for instant withdrawal of cash, acting as the ATM card for withdrawing cash and as a cheque guarantee card.

The worst of these is the illusion that is often created. Most people forget they don't actually own the money they are spending. This realization always comes when people become faced with the realities of paying the huge debts they have accumulated from irresponsible use of credit cards.This is often the starting point for the numerous benefits of a debit card. Debit cards can instill financial discipline that credit cards, in most cases, destroy. With a debit card, all your purchases and expenses are directly deducted from your checking account. So, your expenditures are always limited to what the money in your checking account can cover. If you don't get it; the primary advantage of this arrangement is that you don't get haunted, by purchases or other financial decisions you made in the past. You might get broke after an uncontrolled spending spree, but you won't be expected to pay the debts and the neck breaking interest months after you make that mistake.

The benefits of Debit Card include :-

	Instant identification
	Flexibility of usage
	Worldwide reach
	Zero petrol surcharge
	Special offers and discounts on card usage
	Reward program
	Additional safety and enhanced insurance
	Enhanced limits for cash withdrawal
	24-hour customer service
	Customer Service Contact
	Withdraw cash
	Make a balance enquiry
	Change PIN
	Print mini statement

Financial crisis that has shaken the very foundations of the economies of the world has brought fort yet another predicament to people of all walks of life. Banks have tightened regulations and the slightest mistake can now cause one’s bank account to become frozen. bank account freezing proceedings. And with the tough times brought about by the economic meltdown it is now common for people to suddenly find their backs against the wall and thus are forced to take drastic actions that may cause them frozen bank accounts. With massive inflation, rising commodity prices and mass job layoffs many are now left sulking incapable of saving themselves from the dilemma due to lack of finances. Yet there are also those who have enough money but have them kept in frozen bank accounts. Having money you cannot use is just like having no money at all. The circumstances have brought great anxiety to the people who now think that their money is not safe even in the hands of well known banks.

Tax Payment

The Income Tax Act, 1961, as an individual, you have to pay advance tax if the total tax payable in the relevant financial year exceeds Rs 5,000. Apart from the regular sources of income, like salary, business/profession and other sources like interest, advance tax is also payable on non-regular income like capital gains.Advance tax has to be paid before the relevant financial year comes to an end. So, for the year 1 April 2001 to 31 March 2002, any amount that is paid before 31 March