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On the surface, both credit and debit cards are almost identical- both are plastic money, carry 16-digit card number, expiry date and PIN codes. The difference lies in the way they function. With debit cards, you use your own funds available in your bank accounts, but with credit cards you borrow money from a credit card company. Here, we decode why credit cards are better than debit cards.

The markets opened in the negative territory today. At present, both the indices are trading very flat with the Sensex down 11 points at 15959 and Nifty down by 3 points at 4775. Banking stocks were under selling pressure, falling nearly 0.5 per cent. Auto and FMCG stocks also traded lower.