Federal Bank launch RuPay NCMC wallet Debit cards.

Banking & Finance

Federal Bank launch RuPay NCMC wallet 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. NCMC is equipped with multiple functions, including stored value payments (currently up to Rs2000/- and subject to change as prescribed by RBI from time to time) to simplify travel across different modes by digitizing payment.


      The upper limit for an offline payment transaction is set at ₹200, with potential changes based on guidelines.

      Cards issued after April 2022 will exclusively support the NCMC feature.

     

 

     


Federal Bank

Founded- 1931
HQ- Aluva, Kochi, Kerala
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