#FinancialBytes: Debit cards that are best for students in India
Debit cards are one of the most used payment methods today for both online and cashless offline transactions. However, students often find it difficult to find a debit card they are eligible for that also suits their needs. Moreover, several banks have exclusive offerings for students with attractive benefits and features. Here are some debit cards that are perfect for students in India.
Youth Debit Card offered by Axis Bank
Axis Bank's Youth Debit Card is one of the most popular options in India. It is specially designed for youngsters between the ages of 18 and 25 years. It comes with an annual fee of Rs. 400 and has a daily ATM cash withdrawal limit of Rs. 40,000. It offers good discounts, deals, and benefits. Note: For more details, please check with the bank.
HDFC Bank's DigiSave Account Debit Card
HDFC Bank offers DigiSave Account Debit Card for its DigiSave Youth Account customers; account users must be between 18 and 25 years old. In the first year, cardholders have a Rs. 25,000 daily ATM cash withdrawal and Rs. 3,00,000 shopping limit (online and merchant outlets). They can enjoy discounts and cashback offers on various transactions, including fuel, grocery, and apparel, among other offers.
IDBI Bank's Being Me PayWave Debit Card
IDBI Bank's Being Me PayWave Debit Card is designed for students pursuing professional courses and first-time working professionals in the age group of 18-25 years. It has a daily ATM withdrawal limit of Rs. 40,000 and a point-of-sale limit of Rs. 40,000. The card can be used in India and abroad too. Customers can get exclusive discounts and deals and also earn reward points.
State Bank of India's Pehli Udaan Debit Card
State Bank of India (SBI) offers the Pehli Udaan savings bank account for minors aged above 10 years. The account can be opened in the name of the minor, and it comes loaded with several features like debit card facility, internet banking, mobile banking, etc. Such account holders can get the Pehli Udaan card—a photo-embossed ATM-cum-debit card with a withdrawal/POS limit of Rs. 5,000/day.
This debit card is another good option for students
Though it is not exclusively for students, the SBI Global International Debit Card is also a good option for them being one of the most affordable cards. It comes with a zero issuance fee and a Rs. 125+GST annual fee. The daily ATM cash withdrawal limit is Rs. 40,000. Cardholders can enjoy several benefits like SBI Rewardz points, exclusive offline/online offers, and discounts.
