What are postal debit cards? | How are postal debit cards useful for the shopping and online transactions?

September 23rd, 2010| Uncategorized.

What are postal debit cards? | How are postal debit cards useful for the shopping and online transactions?

postal debit cards

 

The prepaid debit cards provided by the Indian postal department are available from an amount Rs.1000 to Rs.5000. There is a facility of depositing the money in the card when there is less amount and the customers can also draw the money from ATMs. The related organizations are giving an opportunity to do the online transaction through mobile commerce and electric money facilities.

Related to banks:

The postal department is trying to make agreements with the banks also for these services and in fact the debit cards provided by the postal department are similar to the debit cards provided by the banks. The software related to this is provided by one or more banks. The other facilities and employees are provided by the postal department. The cards run with the help of magnetic strips and they are applicable in the shops and post offices also. There is an opportunity to provide four add on cards for the customer along with the primary card given for the first time. The customers can take the debit cards from the head post offices by paying the activation charges. Afterwards they can increase the money in the account and the postal department had declared the cards are very useful for the normal people and for the employees who are given allowances and other facilities.

  • There is partnership with master card.
  • Shopping can be done in all the main outlets in India.
  • Money can be drawn from ATMs.
  • Online transactions like M-commerce can be done.