Customers can easily check if they are eligible for the EMI option on their debit card by sending an SMS to their respective bank for the same. The list of banks and the SMS to be sent in the particular format to the respective number is tabled below. 

Additional Reading: Emi Payments On Debit Cards

Bank Name

SMS

Number

Axis Bank 

DCEMI

56161600

SBI

DCEMI

567676

HDFC Bank

MYHDFC

5676712

ICICI Bank 

DCEMI

5676766

Federal Bank

DCEMI

5676762

Kotak Mahindra Bank

DCEMI

5676788

 

Debit Card EMIs on Consumer Purchases

EMI is one of the easiest options to buy any product if the consumer does not have the required resources to make the full payment for the product. This facility helps the consumers purchase even high-end consumer goods, by taking a systematic payment for the same. 

The facility of EMI on consumer goods was initially available only for credit card payments on e-commerce websites. The debit card users on the other hand were not able to avail such benefits. In order to bridge the gap between credit card users and debit card users, today many eCommerce providers and banks allow debit card users to be eligible for the EMIs.

When such benefit is available on the particular product or e-commerce website it will be displayed at the portal along with the payment options. 

Debit cards are an effective way of carrying out financial transactions without the dangers or risks of credit cards. The benefit of EMI on debit cards allows the customers to get access to the necessary consumer goods without the burden of huge cash outflow.

Additional Reading: How To Buy A Mobile On Emi With An Axis Debit Card