The overview And Meaning of Prepaid Card – A prepaid card works like a debit card, but the funds are preloaded onto the card before it can be used. This means that you can only spend the amount of money that has been loaded onto the card. This makes it a great option for those who want to manage their spending and avoid going into debt.
In India, prepaid cards are available from a variety of banks and financial institutions. They can be used to make purchases online, in stores, and at ATMs. To use a prepaid card, you will need to first load it with money. This can be done online or at a bank branch. Once the card has been loaded, you can use it to make payments and purchases.