Personalized Debit Cards For Kids.

	Personalized Debit Cards For Kids. Created by : Tanima , First Medical Services Pvt. Ltd. \| 02 19 2011 05:18:01 +0000 Keywords : personalized debit cards for kids. Activity: 383 views; last activity : 03 07 2011 15:17:00 +0000

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Top Argument

This is meant for people who thought it necessary. I understand SBI has introduced Gift Cards (like Debit cards with Pin etc) for a minimum sum of Rs.500/- As and when the amount is utilized, it can be re-loaded. Useful for college going students !!
By Suryanarayan Murthy, Asst Vice President (Corporate Finance), A Hydro Power Project 02 22 2011 04:24:03 +0000

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Top Argument

Minor is not eligible for issue of debit cards as per the existing norms. So the question does not arise at all as a minor cannot enter into any contract as per law.
By kanukurthy sudershanrao, Operations Manager, Andhra Bank 02 21 2011 15:01:25 +0000

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Arguments in: "Personalized Debit Cards For Kids."


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Support "Necessary" edit in rich text ... Submit Cancel Saving ... 0 0 these things depend on their parents who give the permission for using the credit card. Kids don't know about the feature of a credit card but their parents give the credits their kids. By Avit Kumar, MBA/PGDM student, Global School Of Management Science \| 02 24 2011 15:14:22 +0000 Edit \| Delete Support \| Oppose 0 0 Children are minors no doubt, but they do have needs! Who knew, 20 years ago that we would become such a digitized world? Online purchasing is no longer a luxury limited for the wealthy. Likewise, safety is enhanced by eliminating the need to carry wads of cash for payment. In addition, there is a limit that can be set for teh spending capacity of each card (hence each child) & thus a debit card is for the best! By Merchina Ong, Student in ACCA/CFA, Current Student \| 02 23 2011 23:56:14 +0000 Edit \| Delete Support \| Oppose 0 0 Some banks like cosmos bank has introduce the new scheme for kids liks "cosmokids".to day this is the needs of the carrier orinted kids,some times if the has gone for summer training or camp and far away from the perents the provided debit cards is useful,but perents should ensure that if kids required the funds then the perents will funded the accounts.By-Bhushan Vaze-Asst.General Manager. By BHUSHAN VAZE, Branch Manager/Regional Manager, AXIS Bank \| 02 23 2011 08:09:42 +0000 Edit \| Delete Support \| Oppose 0 0 Great idea to have debit cards for children. This has two fold advantage, firstly, gives opportunity for children in understanding finance and its management. Secondly, improves customer base of the banks to look and attract next generation customers and address their needs. Additionally, allows banks to build the database of customer on spending pattern and behaviour. By AKNR Chandra Sekhar, Manager-Release Management, ANZ Operations and Technology \| 02 22 2011 15:14:33 +0000 Edit \| Delete Support \| Oppose 0 0 Today’s kids start demanding financial independence much earlier. It is up to you to decide how much independence they should be warranted and how you wish to control their spending. Some banks offer debit cards to kids putting a monthly limit on the spending which is controled by parents. The advantage of debit cards is that they help in making children financially independent. Apart from this, grown up children begin to appreciate the value of money early in life, thus laying the foundation for their future money management skills. The debit card on one hand enable parents in exercising control over the amount of money that is at their kid’s disposal, on the other they give liberty to kids to spend as and when they wish to. By Paresh Dhembare, Area Sales Manager, ICICI Bank Ltd \| 02 21 2011 16:31:59 +0000 Edit \| Delete Support \| Oppose	Support "Unnecessary" edit in rich text ... Submit Cancel Saving ... 0 0 Absolutely no ! Do you wanna start the habit of being a spendthrift at a young age itself ? Not to mention the illegal things within their reach with such a card. Dont even think of it ! It will also make them intolerant towards their fellow brethren who dont have such cards. By Jaygopal Raghavan, Marketing Manager, Landmark Group \| 03 07 2011 15:17:00 +0000 Edit \| Delete Support \| Oppose 0 0 not at all By Jasmin Pawar, HR Manager, HR GLOBE CONSULTING \| 02 24 2011 16:23:00 +0000 Edit \| Delete Support \| Oppose 0 0 unnecessary. It like spoiling them with our own hands. No need to make them spoiltbrats. By Jasmin Pawar, HR Manager, HR GLOBE CONSULTING \| 02 22 2011 16:23:00 +0000 Edit \| Delete Support \| Oppose 0 0 for kids debit card is not necessery, its not good when thinking about todays world By Shankar , CEO/MD/Director, Infosearch bpo Services \| 02 22 2011 06:52:29 +0000 Edit \| Delete Support \| Oppose 0 0 No need any kind of debit card for kids.They dont any require debit card. Thanks Ms.Rashmi for refer By Virag Shah, Confidential \| 02 21 2011 13:40:52 +0000 Edit \| Delete Support \| Oppose 0 0 No the kids don't need a credit card. Not that they won't learn using money if they use credit cards, but they won't know their limits for sure. Whatever the credit card limit may be but still its a "credit" card. A kid can use it without giving any thoughts. This will do nothing good than spoiling the kids. Parents can spend quality time with kids while shopping. Handing them cards will lead to more freedom and les attention. By Rashmi Patil, Financial services \| 02 21 2011 10:57:30 +0000 Edit \| Delete Support \| Oppose 1 0 In my opinion Kids really don't needs such products. When kids handling the rupees they naturally learn the calculations. Banks only generating this demand by offering them discount on toys and books. By Tanima , First Medical Services Pvt. Ltd. \| 02 19 2011 05:26:23 +0000 Edit \| Delete Support \| Oppose
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