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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Briefly explain the need for a Debit card. - Commerce

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Question

Briefly explain the need for a Debit card.

Short Note

Solution

An ATM card is also called a debit card. This card is more useful in the purchase of goods and services anywhere in India if the shop maintains a swiping machine facility.

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Electronic Banking Functions
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Chapter 12: Functions of Commercial banks - Exercises [Page 116]

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Samacheer Kalvi Commerce [English] Class 11 TN Board
Chapter 12 Functions of Commercial banks
Exercises | Q II. 2. | Page 116
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