DEBIT AND CREDIT CARD

A
PROJECT REPORT
ON

DEBIT AND CREDIT CARD

BACHELOR OF COMMERCE IN BANKING AND INSURANCE

(SEMESTER V)

Under the Guidance of

PROF. BHAKTI MULCHANDANI

Submitted

In Partial Fulfillment of the requirement for the Award of the degree of

Bachelor of commerce in Banking and insurance

Submitted by:
RAHUL BIRANDAR GOUND
ROLL NO. 1728020
SHRI SIDH THAKURNATH COLLEGEOF ARTS & COMMERCE
ULHASNAGAR 421 004

UNIVERSITY OF MUMBAI 2017-2018

 ACKNOWLEDGEMENT

My project is a result of the inspiring and thoughtful guidance and supervision of

my project guide PROF. BHAKTI MULCHANDANI I am deeply indebted to
her whose help, time, support, inspiration, stimulating suggestions and
encouragement helped me in all the times of research and writing of this report.
This project has widened my horizon to various areas under general knowledge
regarding the practical and real aspects of DEBIT AND CREDIT CARD".
I whole heartedly thank all the concerned people at college as well as at
university level, who have given me the chance for preparing this valuable
project.
I would further like to thanks our Principal Sir Dr. J.C. Purswani for giving me
an opportunity to complete our Project
Last but not least, this Project has definitely helped me to achieve something
which will be useful to us in near future and hence I am thankful to all persons
who have helped in knowledge.
 DECLARATION

I, RAHUL BIRANDAR GOUND student of TYBCBI (Bachelor of

Commerce in Banking and Insurance) hereby declare that I have completed the
Project on DEBIT AND CREDIT CARD in the academic year 2017-18.
The information submitted is true and original to the best of my knowledge.

RAHUL B GOUND.

{T.Y.BBI}
 EXECUTIVE SUMMARY

The Objective of our research is to understand the facilities of Debit Card Visa
Credit Card and to analyze the differences in the usage pattern. The main purpose
of research was to know that which card is more suitable to which person taking
into account his income level and profession.
Using debit or credit card has become a necessity in this fast moving world.
Debit card is a card that allows the cost of goods or services that are purchased to
be deducted directly from the purchaser's checking account. They can also be
used at Automated Teller Machines for withdrawing cash from the user's
checking account.
We have conducted a research and the main purpose of conducting it Is to
understand the facilities provided by debit card vis--vis credit card and to
analyze the differences in usage pattern of different card users.
The research methodology consists of collecting primary and secondary data.
The main source of primary data was questionnaire, direct contact.
We have collected secondary data from following sources like, Magazines-India
Today, Outlook, The Week, Business India, Business World and Business Today;
Newspapers- Financial Express, Economic Times, The Hindu, Business
Standard; Internet and User survey.
This study is vital because it gives an overview of the credit and debit
 OBJECTIVE

To know the perception of people towards plastic money.

To know the importance of plastic money in the daily life

of consumer W.R.T credit and debit cards.

To study the benefits of debit card and credit cards.

To find out the market leader among the various

banks/companies issuing credit and debit cards.

To know the problem faced by respondents using plastic money.

To study the satisfaction level of consumers towards plastic

money.
 INDEX

SR. Chapter Name Page.

NO No
1 INTRODUCATION DEBIT AND CREDIT CARD 1-3
1.1 Meaning

1.2 definition
1.3 Objective of the study
1.4 scope of the study
1.5 Research methodology
1.6 Limitation of the study

2 THE HISTORY OF CREDIT CARDS AND DEBIT 4-5

CARD IN PLASTIC MONEY

2.1 credit card origins

2.2 plastic becomes the standard

2.3 bank card Associations

3 TYPES OF PLASTIC MONEY 6-9
3.1 credit card

3.2 debit card

3.3 charge card
3.4 Amex card
 3.5 Global card
3.6 master card & visa
3.7 smart card
3.8 photo card
4 CREDIT CARD 10-24

4.1 credit card introduction

4.2 Advantages & Disadvantages credit card

4.3 Need of credit cards

4.4 Types of credit card offered by Indian banks

5 DEBIT CARD 25-33

5.1 debit card introduction

5.2 Types of debit card system

5.3 Advantages & Disadvantages debit card

5.4 Benefits & Feature of debit card

6 ADVANTAGES & DISADVANTAGES OF 34-35

PLASTIC MONEY
6.1 Advantages

6.2 Disadvantages

7 BUSINESS DEALS USING PLASTIC MONEY IN 36-37

 MERCHANT

7.1 Merchant establishments

7.2 Plastic money and its impact on business dealings

8 LEGAL AND REGULATORY FRAMEWORK OF 38-76

PLASTIC MONEY
8.1 Plastic Money Fraud

8.2 Types of fraud

8.3 Prevention and Detection

8.4 Frauds Investigation

8.5 Legal and Regulatory Framework

8.6 Cross-Comparison

I ANNEXURE
A QUESTIONNAIRE I-II

B CONCLUSION III

C BIBLIOGRAPHY IV

D WEBLOGRAPHY IV