Best Debit Cards for Teens in India 2023

The journey to financial independence often begins during the teenage years. As adolescents transition from pocket money to financial autonomy, introducing a Debit Card becomes a pivotal milestone. Debit cards offer teens a hands-on experience in financial decision-making.

These plastic cards, linked to a Bank account, bridge the gap between traditional cash handling methods and the digital Economy that defines the contemporary financial landscape. So, if you have a teen at home, this article helps you understand the various options available.

Best Debit Cards for Teens in India

If you're tired of searching "which bank gives ATM card under 18" and couldn't find the results, here is the list of Best debit cards for teens in India 2023 that you can consider signing up for:

1. Axis Bank Youth Debit Card

Axis Bank recognises the preferences of today's tech-savvy and fast-paced generation, acknowledging their inclination towards the need for quick access to cash. Addressing the needs of the youth, Axis Bank introduced this Student debit card under 18, Youth Debit Card exclusively tailored for customers aged between 18 and 25 years.

Features of Axis Bank Youth Debit Card

Here is the list of features of this debit card:

• Cardholders can enhance their convenience and security by generating their Youth Debit Card PIN. This can be done by visiting the nearest Axis Bank branch or contacting bank officials
• Get up to 20% discount at Axis Bank's partner restaurants anywhere in India
• Offers a daily cash withdrawal limit up to Rs. 40,000 and a purchase limit of Rs. 1,00,000 at merchant establishments
• You get access to 24/7 available customer care and can report the missing card as soon as possible
• The card provides unique insurance coverage up to Rs. 50,000 for consumer durable goods purchased using the debit card. This includes protection against risks like fire, natural calamities, burglary, and housebreaking, valid up to 90 days from the date of purchase
• The card offers irresistible discounts and exclusive deals from leading resorts, hotels, shopping establishments, and leading restaurants tailored perfectly for the younger generation

Fees

The Youth Debit Card comes with an issuance fee and an annual fee of Rs. 400 each, along with applicable Taxes.

Eligibility Criteria

Prospective applicants must be at least 18 years old and not exceed 25 years of age. Documents for Axis Bank Youth Debit Card. The following documents are obligatory to get the Youth Debit Card:

• Valid identity proof
• Valid age proof
• Passport size photographs
• Duly filled application form

2. SBI Student Advantage Plus Debit Card

Representing one of the most comprehensive credit cards tailored for students, The SBI Student Plus Advantage Credit Card is specifically crafted to meet the everyday requirements of students. Functioning as a smart card, it presents enticing reward programs, including discounts and points accumulation on various expenditures, whether it's for groceries or luxury items.

Features of SBI Student Advantage Plus Debit Card

Here is the list of features of the SBI Student debit card:

• Access a cash withdrawal limit of up to 80%
• Benefit from a low monthly interest rate of just 2.25%
• Conveniently pay electricity and utility bills using this credit card
• Experience global acceptance with the SBI Advantage Card, usable at over 24 million outlets worldwide, including 3,25,000 outlets in India
• Utilise Flexipay to convert transactions exceeding Rs. 2,500 into manageable monthly instalments
• Enjoy the perk of a fuel surcharge waiver, exempting you from paying the 2.5% surcharge at all Petrol pumps in India
• Seamlessly book rail tickets online through the IRCTC website and deliver them to your doorstep
• Earn up to 10X reward points on each international purchase
• Receive up to 2.5% cashback with 10X reward points for grocery and departmental store purchases

Fees

You can get this debit card free of charge. However, you will have to pay Rs. 500 in case your spending limit is less than Rs. 35,000 in the last calendar year.

Eligibility Criteria

This credit card is exclusively offered to State Bank of India customers who have obtained or applied for an education loan. The student must be 18 years old to apply for a credit card. If the student is below 18, an Add-on card will be issued, with the primary card provided to the parents.

Documents for SBI Student Advantage Plus Debit Card

The following documents are obligatory to get the card:

• Valid identity proof
• Valid residence proof
• Education loan account statement
• Fixed Deposit account Receipt
• Student ID card
• Passport size photographs
• Duly filled application form

3. ICICI Bank Young Stars Debit Card

The ICICI Bank Young Star Debit Card is bundled with compelling advantages and enticing deals for its cardholders. With this debit card, you can get exclusive discounts on dining, shopping, and more, in addition to the inherent benefits of being the proud owner of an ICICI Bank Debit Card.

Features of ICICI Bank Young Stars Debit Card

Here is the list of features you can get from this debit card:

• Get per-day limits of Rs. 5,000 for ATMs and Rs. 3,00,000 for POS, depending on the available balance in your account
• You can utilise your ICICI Bank Young Stars Debit Card online to purchase travel or movie tickets, settle bills, and other transactions
• Receive an SMS notification informing you about any debit card purchase transactions
• The ICICI Bank Young Stars Debit Card incorporates the enhanced security feature of Zero Liability. This distinctive protection safeguards your debit card from unauthorised purchases in loss, theft, or misplacement cases
• Get 1 point for every Rs.200 spent at merchant establishments in India
• Your ICICI Bank Young Stars Debit Card lets you monitor your expenditures regularly. The specifics of your card transactions, including the date, merchant's name, and amount, are documented in your bank statement

Fees

This card has no enrolment charges, and you can get it for free. However, you must pay an annual fee of Rs. 150 + GST. If you want to re-issue or replace the card, you must pay Rs. 200 + GST.

Eligibility Criteria

This card is available to all young customers who have an account with ICICI Bank. Existing eligible customers can also enhance their accounts to apply for this card.

Documents for SBI Student Advantage Plus Debit Card

The following documents are obligatory to get the card:

• Valid identity proof
• Valid residence proof
• Passport size photographs
• Duly filled application form

4. IDBI Bank Being Me Debit Card

The IDBI Bank Being Me Debit Card is a thoughtfully designed Financial Instrument catering to the unique needs of students pursuing professional courses and those stepping into the workforce for the first time. From facilitating cashless transactions for educational expenses to Offering a secure and convenient mode of payment, the IDBI Bank Being Me Debit Card ensures a seamless experience.

Features of IDBI Bank Being Me Debit Card

Here is the list of features you can get from this debit card:

• This Visa Debit Card for students provides worldwide accessibility. It can be utilised at any location globally, including over 1,630 domestic IDBI ATMs, over 1 lakh shared network ATMs, and 5.50 lakh merchant locations
• IDBI Being Me Debit Card Holders benefit from zero lost card liability insurance. This feature safeguards them from fraud once the loss is reported to IDBI. To claim the insurance, at least two purchase transactions must have been made in the last three months leading up to the reported loss
• Cardholders can earn up to two loyalty points for every Rs.100 spent at merchant establishments
• Being Me Debit Card holders enjoy a daily withdrawal limit of Rs.25,000 at ATMs and a daily expenditure limit of Rs.25,000 at merchant establishments and online platforms
• The card facilitates secure online transactions for shopping, utility bill payments, and booking railway or airline tickets, provided proper authentication measures are followed
• IDBI offers attractive discounts and offers at select merchant establishments in collaboration with the Being Me Debit Card
• The Being Me Debit Card is valid for up to five years, providing users with long-term financial convenience
• Cardholders can benefit from a 2.5% surcharge on the transaction value when using the Being Me card at petrol pumps and railways

Fees

While you can apply for the card without any charges, you must pay an annual fee of Rs. 220 + GST.

Eligibility Criteria

Those who are between the age group of 18 years to 25 years can apply for this card.

Documents for SBI Student Advantage Plus Debit Card

The following documents are obligatory to get the card:

• Valid identity proof
• Valid residence proof
• Passport size photographs
• Duly filled application form

Conclusion

As teens embrace financial autonomy, introducing debit cards becomes a cornerstone of their financial education. These debit cards for under 18 in India facilitate practical lessons in money management and serve as a gateway to independence and digital literacy. Nevertheless, parents and teens must embark on this financial journey collaboratively, fostering a culture of responsible financial behaviour that will undoubtedly shape their financial future.