DEBIT CARD EMI FROM FLIPKART — A Detailed Guide

A debit card EMI is a credit facility provided to selected customers to make the payments in instalments using their debit cards when they don't have sufficient balance in their balance accounts.

Debit card EMI from Flipkart: Banks provide pre-approved credit facility to the selected customers based on the previous payment record. Presently, Flipkart has provided debit card EMI facility in partnership with four banks, which are Axis bank, State bank of India, HDFC Bank and ICICI bank. Banks determine the interest rate based on the customer's credibility and payment record. It may also provide zero cost debit card EMI to its credible customers.

The customers can use this facility if they have made the minimum purchase using their debit card. The minimum limit for the card varies from bank to bank ranging from ₹5,000 (ICICI Bank) to ₹8,000 (Axis Bank and SBI) and ₹10,000 (HDFC Bank).
Availing the EMI option for making purchases:  To check the eligibility for a debit card EMI facility, you can send an SMS DCEMI to 57575. At the payment gateway, you will find the option of 'NO COST EMI' or 'Pay using debit card EMI', if you are already pre-approved for the EMI. Choose the EMI option, and the bank account for availing the EMI. In the next option, you will be asked to select the EMI amount and tenure. You can pay the EMI in 3- 12 months, depending on your repaying capability. After choosing the EMI instalment, enter your debit card CVV number and similarly complete the transaction. Read more: How does debit card works?