Are you craving for your favourite—and pricey—mobile phone but holding back due to the lack of a credit card to buy it in easy EMIs? Or is your ‘mobile loan’ rejected because you do not have a credit history or because of insufficient salary? Well, there is no longer any need to mope in a corner and brood for the lack of credit! Did you know, certain banks extend EMI facilities on debit cards! This EMI facility works as a loan against your savings account.

Axis Bank offers this facility to its debit cardholders. This scheme is specially designed to enable customers to convert their regular purchases into EMIs at select partner merchant outlets and e-retailer portals.

Axis Bank has a wide array of products and services to cater to the banking needs of all its customers. The bank provides its customers with the convenience of cashless transactions through Axis Bank Debit Cards. It helps all the customers to choose from a series of debit cards that are in line with their needs and requirements.

EMI Facility on Axis Bank Debit Card

EMI on your Axis Bank Debit Card has the purpose of advancing cash to the customer without bias to his/ her spending nature to make instant payments on the sustenance of the charge. Credit cards are still not as widely used as debit cards though the fantasies and demands of the modern lifestyle are the same for all. Axis Bank shows its strong trust in its clients by offering this feature for the bank’s debit card users.

Features & Benefits of Axis Bank Debit Card EMI Service:

  • A single-stop solution for Axis Bank account holders for exchanging standard and high-value purchases into easy monthly instalments at partnered mercantile and point of sales.

  • Offer for chosen target consumers in compliance with the bank policy.

  • You can choose the tenure to pay off the entire bill, which ranges from three to twelve months.

  • The reducing balance rate of interest is 14 per cent per annum.

  • The minimum amount you must advance using this service with your Axis Card is INR 10000 and you can avail up to INR 1 lakh.

  • You cannot convert the transacted amount albeit partly.

  • You have to pay a Processing Fee of one per cent or INR 150, whichever is more, which will be a one time charge.

How to Check Eligibility for Axis Debit Card EMI Offer?

If you wish to make a purchase using your Axis Bank Debit Card, you can verify the EMI offer eligibility in advance by sending an SMS to the following number from your registered mobile number. SMS EMID (space) last 4 digits of your debit card number. Send this message to mobile number 5676782. You will receive information about your eligible loan amount, validity and merchant name where the offer can be availed. If you have any concerns, you can also contact the Axis Bank Customer Care number.

How to Shop for Your Mobile Phone Using Axis Debit Card—In Easy EMIs

You can simply buy your mobile phone in 3 easy steps:

1. Visit the partner outlet where this offer is available. You can check the Axis Bank’s website for details on partner outlets.

2. Choose your desired mobile phone and head to the billing counter

3. Inform the executive at the billing station to swipe the debit card transaction in the EMI conversion mode and not the normal Purchase mode. Select the tenure option.

FAQs

  1. How to activate the Axis Bank Debit Card?

There are several ways by which a cardholder can activate his/her debit card:

  1. Via mobile banking app

  2. Via internet banking

  3. Via phone banking

  1. How to block an Axis Bank Debit Card?

In case the customer’s debit card or ATM card is lost or stolen, the cardholder can immediately block or hotlist Axis Bank Debit Card so that it is not misused. Following are the ways to do so:

  • SMS ‘BLOCK CARD’ and send it to 5676782 or +919717000002

  • Customers can use Emergency Helpline Number +91-22-67987700

  • Customers can use Internet Banking for the same just select ‘Block Card’ option in the Debit Cards section

  • Login to Axis Mobile App and choose Services > Debit Cards > Block & Replace

  1. What is the issuance fee for Axis Bank Secure Debit Card?

Customers who want to avail Axis Bank Secure Debit Card will be required to pay Rs. 200 will as the issuance fee.

  1. What can a customer do if he/she forgets the PIN or the card is stuck in the ATM?

The cardholder can contact the Axis Bank Customer Care or visit the bank branch for further assistance regarding retrieval/issuance of a new card.

End Note

EMI on an Axis Bank Debit Card has the purpose of advancing cash to the customer without questioning the spending nature. Axis Bank shows its strong trust in its clients by offering this feature for the bank’s debit card users.  The variety of debit cards offered by Axis Bank act as a single-stop solution for account holders for making standard as well as high-value purchases into easy monthly instalments at partnered mercantile and point of sales.