Plastic Money
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Information Technology and Digital Banking (Elective) — CAIIB.
One-liners from this chapter
Free sample — 8 of 38 rapid-fire Q&A cards.
Funds source — Credit Card / Debit Card?
Credit Card: User accesses his line of credit (borrowed funds from the issuer); Debit Card: User accesses his own bank account balance
Transaction limit — Credit Card / Debit Card?
Credit Card: Up to the sanctioned credit limit; Debit Card: Up to the available balance in account
Payment timing — Credit Card / Debit Card?
Credit Card: Payment on receipt of monthly bill from the issuer; Debit Card: Immediate debit to the linked account
Account requirement — Credit Card / Debit Card?
Credit Card: Customer may or may not have an account with the issuer; Debit Card: Customer must maintain an account and balance
Source of funding repayment — Credit Card / Debit Card?
Credit Card: Repayment can be made from any bank account; Debit Card: Funded only from the linked account
Interest charge — Credit Card / Debit Card?
Credit Card: Finance charges on unpaid balance (up to 42% p.a. typical); Debit Card: No interest — own funds are used
Credit-score impact — Credit Card / Debit Card?
Credit Card: Card usage and repayment build CIBIL score; Debit Card: Typically no CIBIL impact (own money)
RuPay Classic — Positioning / Key Benefits?
Positioning: Entry-level / mass-market debit card; Key Benefits: Standard NPCI merchant offers — travel, pharmacy, lifestyle, retail, jewellery. No airport lounge access.
MCQ practice tests
Chapter-wise mock tests with instant scoring.
PDF study notes
More chapters in Module C - Security, Controls & Guidelines
Master the full ITDB syllabus
Every chapter of Information Technology and Digital Banking (Elective) — videos, tests, notes and one-liner decks in one place.