Question

Which of the following is not a salient feature of debit card?

• A. No bad debts to banks and no suits for recovery.
• B. No interest earning for banks.
• C. Works like a normal withdrawal.
• D. 45 days credit is given to the card holder.

Answer 1

The correct option is D 45 days credit is given to the card holder.

Service of providing 45 days credit is given to the card holder is not a salient feature of debit card. It is a feature of credit card. In debit card, when a payment is made for a transaction the money comes directly from the user's bank account.