What are the different Bank Cards used under Digital payments?

Digital payment through Bank cards includes payments through Debit card, Credit Card, and Prepaid cards.

Debit card is linked to the bank account of the spender and the money is debited from the account when used for making payment.
Credit card is issued based on the credit rating / ability to payback of the spender and is widely accepted across the globe.
Prepaid cards include gift cards also. These cards are preloaded with a specified amount which can be used for shopping etc.

The Institute of Chartered Accountants of India (ICAI) is a statutory body established by an Act of Parliament, viz. The Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for regulating the profession of Chartered Accountancy in the country. The Institute, functions under the administrative control of the Ministry of Corporate Affairs, Government of India. The ICAI is the second largest professional body of Chartered Accountants in the world, with a strong tradition of service to the Indian economy in the public interest.

The affairs of the ICAI are managed by a Council in accordance with the provisions of the Chartered Accountants Act, 1949 and the Chartered Accountants Regulations, 1988. The Council constitutes of 40 members of whom 32 are elected by the Chartered Accountants and the remaining 8 are nominated by the Central Government generally representing the Comptroller and Auditor General of India, Securities and Exchange Board of India, Ministry of Corporate Affairs, Ministry of Finance, and other stakeholders.

Visit The ICAI Website

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