About Debit Card EMI
Offer Debit Card EMI's to your customers at Razor pay Checkout. Check the payment flow and supported Banks.
Now, Mechtrace can let customers use Debit EMI Using Razorpay a payment method to buy various products on EMI using their Debit Cards without paying the entire amount immediately.
Razorpay support EMIs on debit cards issued by major banks. EMI is available by default on Razorpay Standard Checkout. No additional integration is needed.
Watch Out!
Instant Refunds are not supported on EMI, Cardless EMI and Pay Later.
Supported Banks for Debit Card EMIs
Given below is a list of banks that support Debit Card EMIs.
| Bank Code |
Issuer Bank |
| HDFC |
HDFC Bank |
Check the standard debit card interest rates charged by the banks.
| Bank Code |
Issuer Bank |
Minimum Amount (in INR) |
3 months |
6 months |
9 months |
12 months |
18 months |
24 months |
Maximum Amount (in INR) |
| HDFC |
HDFC Bank |
5000 |
16% |
16% |
16% |
16% |
16% |
NA |
NA |
| INDB |
IndusInd Bank |
5000 |
16% |
16% |
16% |
16% |
16% |
16% |
1,00,000 |
Payment Flow on Standard Checkout
Customers select the products on your website or app and proceed to Checkout.
On the Checkout page, the customers:
- Enter the Phone Number and click Proceed.
- Select EMI as the payment method and click Pay Now.
- Enter the OTP sent to their mobile number if they want to use their saved cards and click Verify.
- Select Debit Card and click Continue.
- Choose a bank from the list and select the EMI tenure. Click Select EMI Plan.
- They enter the relevant card details and click Pay via EMI. If the customers are not eligible, they can pay the full amount.
- Choose if they want to Pay and Save Card or Pay without Saving Card.
After the successful payment, Razorpay redirects customers to your application or website. Customers' monthly statements will reflect the EMI amount with interest charged by the bank.