Flipkart Debit Card EMI Offers
Flipkart Debit Card EMI : Flipkart Debit Card EMI is a new innovative idea implemented on online purchase from Flipkart.com. It is a new way of engaging more and more people to Flipkart service by providing maximum benefits possible through enabling Debit Card EMI facility. As stated by the data released by Reserve Bank Of India (RBI), the number of persons owning debit card is 79.38 Crore which is much higher than the number of credit card holders that account to only 3.14 Crore. This statistics has provoked Flipkart to think and implement this Flipkart Debit Card EMI scheme. As a result of which EMI option became more accessible to the mass as compared to the past years when credit card was the only way for opting EMI facility. With the implementation of Flipkart Debit Card EMI scheme, EMI accessibility has got a new definition as it provides ample opportunity to the debit card users to avail installments while purchasing their favourite or necessary products with ease which would otherwise be a bit difficult for them.
Debit cards mean involvement of banks in the transaction, a simple logic known to all. Therefore, there are quite a couple of banks that have associated themselves with Flipkart to provide this Flipkart Debit Card EMI scheme. These banks are : HDFC Bank, State Bank Of India (SBI), Axis Bank and ICICI Bank. Before we proceed, I would like to inform you that Debit Card EMI scheme of Flipkart is not to be confused anyway with No Cost EMI, which is a different scheme altogether. These bank has levied their interest rates accordingly which you can see while opting for Flipkart Debit Card EMI scheme for a particular bank listed above or you can connect to the particular bank on the matter of interest rate. Flipkart As well as these banks have put forth some limitations on usage of the Debit Cards to opt for EMI of which one is the minimum transaction value that differs from banks to banks. ICICI bank has limited the minimum transaction value to Rs 5000 while it is Rs 8000 on Axis and SBI and Rs 10000 on HDFC Bank debit cards.
Now, a question may arise on the eligibility of Flipkart Debit Card EMI scheme. Well, people who wants to avail the Flipkart Debit card EMI scheme must be a debit card owner of one of the banks mentioned before and the customers must be approved by the respective bank to avail this scheme. Approval for Flipkart Debit Card EMI is not done by Flipkart but by the respective bank based on customer relation with the bank and past transactions. The approved customers will be notified of being approved on the home screen of the Flipkart app or website after they are logged in to their respective accounts. Also, they will be able to find the option of Debit Card EMI while checking out. Please note that no documents are needed except your debit card details that you have to enter while checkout for availing this Flipkart Debit Card Scheme. In case, you are unable to find the above mentioned notification of approval, it is recommended to contact your respective banks immediately to resolve the issue.
How to Avail Flipkart Debit Card EMI
Availing Flipkart Debit Card EMI is pretty simple. All you have to do is follow the steps below:
- Check the approval information on your Flipkart App Home page or Flipkart website page after logging into your account.
- Choose your product.
- Check the description box of the product.
- Check ‘Debit Card EMI Available’.
- Add to cart.
- Proceed to checkout.
- Select ‘Debit Card EMI’ from the list of payment method.
- Place Order.
- Select your preferred bank and provide the required details along with EMI tenure selection.
- An OTP will be sent to your registered mobile number which you either have to feed in the checkout page of the app or website or it is automatic in some device.
- Agree to the terms and conditions and Voila!