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Top 4 Best Student Debit Cards for 2024 - 2025

Updated on April 21, 2024 , 22014 views

Cashless transactions are on a rise in today’s digital age. Children are no exception to the influence of the magic of a growing cashless society. In order to keep them at par with this growing inclusion, financial institutions are coming up with debit cards to meet their needs.

The idea is to keep the parents accountable for every transaction since the child can spend the amount in their account only. It’s a good option to transfer pocket money and keep a check on their expenditure, isn’t it?

Students can access educational loans and other benefits via these debit cards while also familiarising themselves with budgeting.

Best Debit Cards for Students in India

1) ICICI Bank@Campus

ICICI Bank offers cash Debit Card to students from selected educational institutes. This debit card provides ease of transactions along with security. It brings the Bank@Campus account to students. ICICI Bank also offers a debit card called young stars for children between the age group of 1-18 years.

ICICI Bank@Campus

Benefits for Students

  • Free Internet Banking
  • Free Phone Banking (in selected cities)
  • Free ICICI Bank Ncash Debit Card

Benefits for Parents

  • Parents can transfer funds from their ICICI Bank account to their child's account free of charge
  • They can pay their children’s college fees, Tuition Fees, and living expenses
  • Personalised cheque book and annual statement of the account


The child should be a student and be above 18 years of age. It is important to note that all the documents should furnish the personal details of the students during the opening of the account with the bank.

2) Axis Bank Youth Debit Card

The Youth Debit Card is designed for the age group of 18 to 25 years. Keep the youth's financial needs in mind, this debit card offers attractive benefits across premium brands along with higher limits for daily withdrawal.

Axis Bank Youth Debit Card


  • Helps you to generate debit card PIN at the fingertips
  • Offers attractive dining options
  • Gives access to banking across the country
  • Avail instant blocking options in emergency cases


  • Students who are in the age group of 18-25 years.
  • Documents that prove a child's identity, age and address are required while opening a youth account with Axis Bank.

Daily Withdrawal Limit and Insurance

There is a fee charged for the debit card. Axis Bank Youth Debit Card charges an issuance fee of Rs. 400 and annual fees of Rs. 400.

The table below gives an account of withdrawal limits and insurance cover.

Features Fees/Limits
Daily Cash Withdrawal Limit Rs. 40,000
Purchase limit per day Rs. 1,00,000
ATM withdrawal limit (per day) Rs. 40,000
POS Limit per day Rs. 200,000
Lost card liability Rs. 50,000
personal accident insurance cover Nil
Airport Lounge access No

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3) HDFC Bank DigiSave Youth Account

HDFC Debit Card offers youth benefits like digital banking, loans, offers on food, travel, mobile recharge, movies, etc. DigiSave Youth account provides students with Millenia Debit card.

HDFC Bank DigiSave Youth Account


  • Get amazing offers every month on recharge, travel, movies, shopping via PayZapp
  • Earn Special activation offer on the first transaction of Rs. 250 or more on PayZapp
  • Get Rs. 250 off on Movies by maintaining the required balance & being active digitally every month on HDFC Bank platforms
  • Get 5% cashback up to Rs.100 every month by setting “standing instructions” on your debit card for bill Payment

The following people can open DigiSave youth account.

  • Resident Individuals (sole or joint account)
  • Individual between the age of 18 years to 25 years

Average Monthly Balance (AMB) and Minimum Initial Deposit

The DigiSave account holders can be from metro/urban areas or rural areas. Therefore the minimum initial deposit and average monthly balance (AMB) varies.

The following table gives an account of the same.

Parameters Metro/Urban Branches Semi-Urban/Rural Branches
Minimum initial Deposit Rs. 5,000 Rs. 2,500
Average Monthly Balance Rs. 5,000 Rs. 2,500

4) IDBI Bank Being Me Debit Card

This card is designed for students who are pursuing professional courses and for the first time working professionals, in the age group of 18-25 years. You can access the debit card across the world.

IDBI Bank Being Me Debit Card


  • The Me Being Debit card is valid for 5 years
  • It can be used for shopping, booking rail & air tickets, utility bill payments, etc.
  • A surcharge of 2.5% of the transaction value will be levied if the card is used at Petrol pumps and railways
  • Gain 2 points on every Rs. 100 spent on this card

Daily Withdrawal Limit

This student debit card can be used at any merchant establishments and ATMs for your convenience.

The daily cash withdrawal limit is mentioned in the table:

Withdrawals Limits
Daily cash withdrawal Rs 25,000
Daily purchases at Point of Sale (POS) Rs. 25,000


Parents can opt for these student debit cards to open savings accounts for their children or help them access an educational loan. One of the major benefits is that parents can keep a track on their child’s spending habits while also teaching them to budget from a young age.

All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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