THE POWER OF PLASTIC

The usage of plastic cards that is the credit and debit cards are on the rise these days. Reserve Bank of India’s stats proves this. Another change that is to be noted here is the fact that the usage of debit cards has raised a lot more than the usage of credit cards in this fiscal year. Either this rise in the usage of debit card may be due to the financial crunch because of which the people have become cautious or due to the general mindset of the Indian that getting a loan is a sin while having cash in the bank. It is not only the usage but also the value of transactions that has risen in this festive season. The banks are also offering several rewards for using debit cards.