April 30, 2024 01:27 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Heavy rains trigger massive landslides in Kashmir, Srinagar-Jammu highway closed | In a relief for Mamata govt, SC halts CBI probe against Bengal officers in teacher's recruitment scam | 'Government at a standstill' after Arvind Kejriwal arrest, says Delhi High Court | JD(S) to suspend Prajwal Revanna over alleged sexual abuse of women | Khalistan slogans raised at event attended by Justin Trudeau, India summons Canada envoy
Federal Bank launches RuPay backed NCMC wallet Debit Cards Federal Bank

Federal Bank launches RuPay backed NCMC wallet Debit Cards

India Blooms News Service | @indiablooms | 07 Feb 2024, 05:52 pm

Federal Bank becomes one of the earliest private sector banks to launch NCMC integrated Debit cards.

National Common Mobility Card (NCMC) is a feature introduced on RuPay Contactless Debit Card which allows card holders to make payments across NCMC enabled terminals at metro stations, buses, etc in an offline mode within fraction of second, just by tapping the card on the card reader. NCMC is equipped with multiple functions, including stored value payments (currently up to Rs.2000/- and subject to change as prescribed by RBI from time to time) to simplify travel across different modes by digitizing payment.

For activating the NCMC functionality and to start using the card for offline transactions, the card holder is required to enable “contactless feature” either through Mobile banking, Internet banking or through IVR. Post enablement, visit the customer care desk of Metro station and initiate the activation and money load transaction. Money can be loaded in the card through cash or through the existing savings account at the metro counter itself. After loading money, the customer can just tap the card at the entry and exit of the terminal and unveil the convenience of travelling without purchasing a ticket separately. The amount debited/available will be displayed on the metro terminal screen at the time of tapping the card.

"We are thrilled to unveil a new and ambitious project for Federal Bank RuPay Debit Card holders who can now use their debit cards for offline payments at transit operators. The NCMC is poised to revolutionize the way citizens navigate urban transportation networks across the country. With the goal of enhancing convenience and efficiency, the NCMC introduces a unified approach to travel, simplifying the commuting experience for millions. We feel that this step taken by Federal Bank and RuPay would empower the customers and give them the flexibility to travel and pay on the go," said Chitrabhanu KG, SVP and Country Head- Retail Assets and cards- Federal Bank.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.