Federal Bank launches RuPay backed NCMC wallet Debit Cards
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.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles

CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.

JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.

LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).

De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News

Donald Trump gives Hamas 3-4 days to respond to Gaza peace plan

Farah Khan breaks silence on 'unfollowing' Deepika Padukone and '8-hr shift' remark

'It feels good when country's leader bats on front foot': Suryakumar Yadav on PM Modi's 'Operation Sindoor on games field' post

US asked India not to start war against Pakistan after 26/11: Chidambaram's admission embarrasses Congress; BJP reacts
