What is the difference between Debit Card & Credit Card?

The features of debit card and credit card might appear to be same, but they are infact very different. Knowing the differences and understanding how and when to reach each can be a gamechanger when you handle your finances.

Access to funds
Perks
Spending limit
Credit score
Fraud protection
Fund deductions
Potential changes

If used correctly, credit cards can be a wonderful financial tool that can be a great addition to one’s wallet. However, it is important to remember that credit cards come with a great deal of responsibilities. Before applying for a credit card, ask yourself if you are ready for the responsibility and where you intend to use the card. If you can embrace the intelligent use of credit cards, they can serve you well for years to come.

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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