India’s leading private bank, Axis Bank has introduced an innovative feature from security stand point, for its Customers holding Debit Card. The feature lets you “Switch On / Off the Debit Card” for transactions. What does Switch On / Off mean ? It means that the Debit Card cannot be used when it is Switched Off.
Why does one need Switch On / Off on a Debit Card ?
For the sake of argument one can easily say that Debit Cards always require a 4 or 6 Digit PIN for transaction authentication so why does one need the Turn On / Off feature ? The feature comes in handy for consumers like me where the Balance in the