How to apply for a debit - Motilal Oswal

How to apply for a debit / credit card

There are millions credit cards and debit cards floating around in the country today. But have you ever wondered how to get your hands on a credit card or debit card. The process is quite simple. There are simple processes for these and some basic documentation is required. Let us look at how to apply for a credit card  and also how to apply for a debit card online.

How to apply for a debit card?

Your debit card application process has to following the following flow.

Normally, the debit card is issued nowadays along with your account opening itself. In fact, nowadays banks issue the debit card without your name on it at the time of account opening itself. Your debit card is with you even before your account is activated. Of course, you can only use your debit card once your account is activated by the bank.

Suppose you have a bank account and you do not have a debit card, you can adopt any of the following methods. For example, if you have an account then you can walk into you nearest bank branch and fill up the form and ask for a new debit card to be issued. Secondly, if you don’t have the time to visit a branch, you can also use the phone banking option to get a debit card. Lastly, you can also do this application online on the bank website. In fact, if you have an internet banking account then you can log into your bank account and then make a request for a debit card.

In case you have multiple family bank accounts, you can also ask for a single consolidated card or you can ask for multiple debit cards for the various members of your family. You can also set their limits for cash withdrawal and for spending.

When you apply for a debit card, the debit card can either be collected at the branch or will be mailed to your residence. Once that is done, you need to either go to the ATM or to the internet and change and activate your PIN. You are ready to go.

How to apply for a credit card?

A credit card application is slightly different because there is also a credit assessment involved. There is no credit assessment required in debit cards since it is against your bank account balance only. Here is the process for applying for a credit card.

You can fill the application either at the branch or online or at the ATM in case you already have a bank account. Once you make the application, a bank representative will get in touch with you to take the process forwards.

The bank will insist on proof of identity and proof of residence and income at this point of time. So you will have to submit your PAN card, Aadhar card, passport, electricity bill etc. For your proof of income, you can either give your salary slip or your tax returns. The banks will also insist on 6 months bank statement before accepting your application.

Once the application is received, the bank normally verifies the credit scores and reverts back to the customer if the credit score has some questions. Either the application will be rejected or it will be clarified with further questions.

Once this verification is done and the card issuer is satisfied, the new credit card is issued to you by post. The PIN is normally sent to you separately by post. You need to follow the same level of internet security standards for the credit card also.

Once the card is received, you are ready to use the card for your shopping purposes.


  • Open your FREE Demat Account in 5 Minutes
Select State
Select City
By submitting your details, you are authorising us to call you or send promotional communication even though you may be registered under DND