Summary: Choosing trusted websites, enabling two-factor authentication, and consistently monitoring your account are essential tips for using your debit card safely for online purchases.

Online shopping is a great way to purchase products from the convenience of your home and have them delivered straight to your doorstep. Using your debit cardhas become a popular way to make online purchases. However, to ensure smooth transactions and to keep your financial information secure, you should learn how to use your debit card safely for online purchases. This blog provides valuable tips on using your debit card for online purchases in a way that maximises your spending power while minimising risks.

Understanding Debit Cards

A debit card enables you to make online and offline purchases by withdrawing funds directly from your checking account. Additionally, it allows you to withdraw and deposit cash at ATMs.

How to Use a Debit Card to Make Online Purchases

Here is a step-by-step guide to completing online payments with debit cards:

Step 1: Begin by selecting the “Pay Using Debit/Credit Card” option during checkout.

Step 2: Select the type of debit card (Visa or Mastercard) you are using.

Step 3: Provide the 16-digit number located on the front side of your debit card, along with the card’s expiration date.

Step 4: Enter the three-digit CCD/CVV security code found on the back of your debit card, which confirms your authorisation to use it.

Step 5: Once you’ve submitted your payment details, you’ll receive a unique transaction code or OTP on the mobile number linked to your debit card. Enter this code to complete the transaction and receive a confirmation notification.

Debit Card Safety Tips for Online Transactions

Here are essential safety tips for conducting secure online transactions with your debit card:

Apply for an IndusInd Bank Credit Card for Convenient Banking at Your Fingertips

IndusInd Bank provides a range of debit cards tailored to meet your banking needs. Whether you seek cashback perks, global acceptance, or advanced features, such as contactless payments, there is a card for you. Here are some of the exclusive benefits you get with an IndusInd Bank debit card:

• Earn brand vouchers and bonus reward points on debit card activation
• Get accelerated reward points on shopping and redeem them for exciting gifts and cashback
• Buy One, Get One free movie ticket every month on BookMyShow
• Avail exciting cashback and discount offers
• Benefit from 0% mark-up charges on international purchases
• Get protection against losses due to card theft
• Receive complimentary insurance for consumer durables purchased with your debit card
• Customise daily domestic and international purchase limits, as well as ATM withdrawal limits, using the Indus Mobile app

Apply for a debit card online with IndusInd Bankand enjoy secure and seamless transactions!

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.

When you plan on applying for a Loan Against Property (LAP), understanding the factors that will influence the interest rate you are offered is crucial. A Loan Against Property is a secured loan where you pledge your property as collateral. This loan is a valuable financial tool, offering large loan amounts with longer repayment terms as compared to unsecured loans, making it an attractive option for personal and business needs. The interest rate you are offered by your lender will significantly impact the overall cost of the loan, affecting both your monthly instalments plus the total money repayable over the loan tenure. In this blog, we shall explore the factors that affect a Loan Against Property interest rates.

1. Credit Score

Your credit score is one of the most important factors that influences the interest rate on your Loan Against Property. Lenders use your credit score to assess your creditworthiness. A higher credit score indicates a lower risk to the lender. This often results in a lower interest rate on the loan. Conversely, a lower credit score can lead to higher interest rates or sometimes even a rejection of your loan application.

2. Loan Amount and Property Value

The amount you borrow in relation to the value of the property you are pledging, also known as the Loan-to-Value (LTV) ratio, plays a vital role in determining the interest rate. A lower LTV ratio, meaning you are borrowing less compared to the value of the property, this typically results in a lower interest rate. Lenders view lower LTV ratios as less risky.

3. Property Type and Location

The type and location of the property you put up as collateral can influence the interest rate. Lenders see properties in prime locations with good infrastructure and connectivity as more valuable and thus less risky, leading to lower interest rates. Additionally, residential properties often attract lower interest rates compared to commercial properties due to the perceived stability and lower risk associated with residential real estate.

4. Income and Employment Stability

Lenders assess your income and employment stability to decide your repayment capacity. A stable and high income increases your Loan Against Property eligibilityand may help in securing lower interest rates. Lenders favour applicants who have consistent employment history and a steady income, as it reduces the risk of the borrower defaulting

5. Loan Tenure

The tenure of the loan can also impact the interest rate. While longer tenures will reduce your monthly EMIs, they are often accompanied by higher interest rates compared to shorter tenures. Lenders may charge higher rates for longer durations to mitigate the risk associated with long-term lending. Try and strike a balance between a comfortable EMI and a tenure that does not increase your interest rate.

6. Market Conditions

Loan Against Property interest rates are also influenced by broader economic factors and market conditions. Changes in the Reserve Bank of India’s (RBI) policies, inflation rates, and overall economic health can affect the interest rates set by lenders. During periods of economic growth and stability, interest rates may be lower, whereas economic downturns can lead to higher lending rates.

Securing a Loan Against Propertycan be a strategic financial move, offering substantial funds at relatively lower interest rates as compared to unsecured loans. For those seeking a reliable lender, IndusInd Bank’s Loan Against Property stands out. Competitive interest rates, higher loan amounts, and the flexibility to use the funds for both business and personal needs are just some of the advantages you get.  Additionally, the bank offers convenient doorstep services, ensuring a hassle-free experience from start to finish. Choose IndusInd Bank for a seamless and efficient Loan Against Property process.

Summary: Customers can easily use their debit cards to transfer money online in simple steps. All they need to do is log in to the bank’s website, navigate to the ‘debit cards’ section, add a beneficiary, and transfer the funds. With IndusInd Bank’s feature-rich debit cards, you can enjoy benefits like convenience, instant transfers, secure transactions, easy accessibility, and seamless tracking.

Online fund transfers have become indispensable to today’s digital banking landscape. Customers no longer need to visit a physical bank branch and fill out extensive forms to transfer money to their family or friends. Instead, they can simply log into a website or mobile app and transfer funds online using a debit card right from the comfort of their homes.

Moreover, new-age banks like IndusInd Bank use advanced encryption technologies to ensure your transactions are processed securely and your personal and financial information is protected from threats. Whether you’re sending funds to your family, paying bills, or making online purchases, a debit card allows for seamless and secure transactions instantly.

In this article, we’ll delve into the step-by-step process of transferring money using an IndusInd Bank ATM card online.

Steps to Transfer Money Online Using an IndusInd Bank Debit Card

Follow these steps to transfer money online using an IndusInd Bank debit card:

Step 1: Log into IndusInd Bank’s mobile app or visit the official website.

Step 2: Navigate to the ‘Debit Card’ section and enter card details like its number, expiry date, and CVV to set up your card for transactions.

Step 3: Click on ‘Money Transfer’ and enter the beneficiary details. Note that it can take the bank up to 24 hours to activate the beneficiary account for transfers.

Step 4: Enter the amount you want to transfer and carefully verify all details before proceeding.

Step 5: Authorise the transaction by entering the OTP sent to the registered mobile number.

Benefits of Online Fund Transfers Using a Debit Card

Using your debit card for online fund transfers offers remarkable benefits like:

• Convenience

Debit cards allow you to transfer money directly from your bank account without visiting a physical branch or an ATM. All you need to do is log into the bank’s official website or mobile app.

• Instant Transfers

With a debit card, you can send money online to the beneficiaries in real-time, making it ideal for urgent needs.

• Secure Transactions

Online debit card transactions are secured using multiple layers of advanced security measures. Banks encrypt end-to-end online transactions and require you to enter the CVV and OTP for added security.

• Easy Accessibility

You can use a debit card to transfer funds online anytime and anywhere, as long as you have a stable internet connection.

• Seamless Tracking

Every online transaction you make using your debit card is recorded in your bank statement, which you can easily access by logging into your account.

Added Benefits on IndusInd Bank’s Debit Cards

• Exclusive Advantages

Use your IndusInd Bank debit card to set up seamless e-mandates for Netflix, Amazon, and Google.

• Spend More. Win More.

Earn accelerated reward points on shopping using your debit card.

• Your Movie is On Us

Get Buy One, Get One free movie ticket every month on BookMyShow.

• Cashback and Discounts

Get exciting cashback and discount offers tailored just for you.

• Welcome Benefits

Access premium brand vouchers and bonus reward points on activating your debit card.

• Discounted Cross-Currency Mark-up

Enjoy 0% mark-up charges on international transactions.

• Your Card is Protected

Stay protected against card loss or theft and get complimentary insurance for consumer durables purchased using your debit card.

• Set Your Own Limits

Customise your daily domestic and international purchase limits and daily ATM withdrawal limits.

Process Online Transactions Seamlessly with IndusInd Bank

Debit cards provide a convenient way to transfer funds online. Whether you’re paying bills or sending money to a loved one, online transfers using debit cards offer a host of benefits like convenience, accessibility, and seamless tracking.

Make the most of your online transactions with IndusInd Bank’s assortment of feature-rich debit cards. Whether you’re looking for a card packed with lifestyle benefits or one loaded with exciting offers, we offer a variety of debit cards tailored to meet your financial goals and lifestyle. Visit IndusInd Bank’s official website to apply for a debit card online today.

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.

Summary: Debit cards offer a seamless way to manage finances while travelling internationally. To activate international transactions, visit IndusInd Bank’s official website, log in using your credentials, navigate to the ‘cards’ section, and enable international usage. Enjoy exclusive features like discounted cross-currency markup, customisable spending limits, cashback offers, welcome benefits, and protection against theft.

Forex cards, credit cards, and traditional currency exchanges are often the most popular choices for managing finances when travelling internationally. But did you know you can also use your debit card for international transactions?

New-age banks like IndusInd Bank provide feature-rich debit cards that enable seamless and cashless transactions across the globe.

However, you need to activate international transactions on your debit card to make payments outside India. Once enabled, you can use your card for seamless purchases, withdrawals, and other transactions while travelling abroad. In this guide, we’ll outline the process of activating international transactions on your debit card so you can make the most of your international escapades without relying on multiple financial instruments.

Steps to Enable International Transactions on IndusInd Bank Debit Card

IndusInd Bank offers a straightforward process to enable international transactions on your debit card. All you need to do is follow these steps:

Step 1: Visit IndusInd Bank’s official website or mobile app and log in using your credentials.

Step 2: Navigate to the ‘Cards’ section in the menu and select the ‘Debit Card’ option to view and manage your debit card settings.

Step 3: Click on ‘Request’ to make changes to your card.

Step 4: Select ‘Set International / Domestic Usage’ to configure your debit card settings.

Step 5: Enable international transactions and set your preferred daily or monthly spending and withdrawal limits for international usage.

You can also enable your debit card for international transactions by calling the customer care number from your registered mobile number, or by visiting the nearest IndusInd Bank branch with your original ID proof.

Features of IndusInd Bank’s Debit Cards

IndusInd Bank’s debit cards are packed with remarkable features like:

• Discounted Cross Currency Markup

With your IndusInd Bank debit card, enjoy up to 0% markup charges on international purchases. This significantly reduces the cost of foreign transactions, making international shopping more affordable.

• Set Your Own Limits

You can take control of your spending by choosing your daily domestic and international purchase limits and daily ATM withdrawal limits on the IndusMobile app.

• Cashback and Discounts

Enjoy a variety of exciting cashback and discount offers curated just for you. Whether you’re using your ATM card online or in-store, IndusInd Bank offers the best deals to save more on every purchase.

• Welcome Benefits

Get exciting brand vouchers and bonus reward points by activating your IndusInd Bank ATM card online.

• Spend More. Win More

Earn accelerated reward points every time you shop with your IndusInd Bank debit card. These reward points can be redeemed for exciting gifts and cashback.

• Your Movie is on Us

Treat yourself to a movie every month with the ‘Buy One Get One Free’ ticket offer on BookMyShow.

• Your Card is Protected

Enjoy peace of mind with protection against losses due to card theft. IndusInd Bank’s debit card also provides complimentary insurance for consumer durables purchased using the card.

Simplify International Transactions with IndusInd Bank’s Debit Cards

IndusInd Bank’s debit cards offer a seamless and secure way of managing your finances internationally. Following a few simple steps, you can enable international transactions on your debit card and enjoy up to 0% markup charges.

You can also select from a wide range of debit card options and enjoy benefits like customisable spending limits, exciting cashback offers, and comprehensive protection. Enjoy the convenience of cashless payments, robust security features, and attractive rewards tailored just for you. Apply for a debit card online with IndusInd Bank today.

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.