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Why is ₹1 deducted when a person adds a new card on app or website?
short by Dharini Mudgal / on Thursday, 23 April, 2026
The ₹1 deduction is a way to verify that the card is active and valid. Known as pre-authorisation, it's not an actual payment but a temporary hold placed on the account. Banks and payment gateways use this method to ensure that future transactions will go through smoothly. In most cases, ₹1 is reversed within a few minutes to few days.
read more at News18