The Best Debit Cards in India: Benefits and Features

Debit cards have become an essential part of daily transactions in India. With numerous options available, it's important to choose the right one that offers the best benefits. In this guide, we will explore the top debit cards available in India, their transaction values, and the specific benefits they provide.

Debit Card Spend Share in India

The transaction share of debit cards in India has declined over the past few years, from 48.38% in September 2019 to 33.23% in September 2022. Despite this drop, debit cards remain a significant part of the overall transaction market. Data indicates that SBI holds a 27% market share, making it the leading player in the debit card market in India. However, understanding the features and benefits of specific cards can help you make a more informed choice.

Key Features of Top Debit Cards in India

RuPay Select Debit Card

RuPay Select Debit Card from various banks offers a range of wellness and leisure benefits that can enrich your lifestyle. Below are the key features of this card:

Wellness at Home: Experience curated meditation and fitness sessions from the comfort of your home. Spa Services: Get one complimentary wellness treatment every year at 100 outlets. Gym Access: Start with a complimentary 15/30 day trial for fitness programs. Health Check-ups: Enjoy complimentary health checkups yearly to stay well. Golf Program: Play or take a lesson for free at over 20 premium golf courses. Lounge Access: Enjoy complimentary visits to domestic and international lounges. Comprehensive Insurance: Get Personal Accident Insurance and Permanent Disability Cover up to Rs.10 Lakhs. 24/7 Concierge Services: Receive a myriad of referral services, including travel assistance and hotel reservations.

The RuPay Select Debit Card is issued by several banks, including Indian Bank, Punjab National Bank, Canara Bank, Central Bank of India, Bank of India, and Jana small finance bank (starting from January 22, 2022).

RuPay Platinum International Debit Card

RuPay Platinum International Debit Card is another premium option with the following features:

Complimentary Lounge Program: Enjoy access to over 700 lounges worldwide and 20 in India. Comprehensive Insurance: Get Personal Accident Insurance and Permanent Disability Cover up to Rs.2 Lakhs. Exclusive Merchant Offers: Experience exclusive merchant offers from POS and eCommerce. 24/7 Concierge Services: Receive a range of referral services, including travel assistance and hotel reservations.

Know more about the RuPay Platinum International Debit Card here.

HDFC EasyShop Preferred Platinum Debit Card

HDFC EasyShop Preferred Platinum Debit Card offers a mix of spending limits and benefits:

Enjoy daily domestic shopping and ATM withdrawal limits of Rs. 5 Lakhs and Rs. 1 Lac, respectively. Dynamic limits allow you to use your card beyond the daily limit on select merchant categories. Cashback Points: Earn 1 Cashback point on Rs. 100 spent on Telecom Utilities and 1 Cashback point on Rs. 200 spent on Groceries, Supermarket, Restaurant, Apparels, Entertainment, with a maximum cap of Rs. 750 per month. No Cost EMI: Convert purchases above Rs. 5000 to EMI. Insurance: Get Death Cover by Air/Road/Rail, up to Rs. 12 Lakhs, and additional International Air Coverage of flat Rs. 3 Crore. Fire/Burglary Insurance: Cover up to Rs. 2 Lakhs. Loss of Checked Baggage: Cover up to Rs. 2 Lakhs. Zero Liability: No liability for fraudulent POS transactions for 30 days. Complimentary Lounge Access: Enjoy 2 complimentary lounge visits per quarter.

Learn more about the HDFC EasyShop Preferred Platinum Debit Card here