New Delhi:
Federal Bank has just introduced a new card called RuPay NCMC (National Common Mobility Card) wallet debit card for customers.
This special card is designed to change the way customers make transactions, making it easier and safer in a nice package.
Let’s learn about the features, step-by-step process, and limits associated with this advanced technology debit card.
Features
The RuPay NCMC Wallet Debit Card is like a regular debit card, but it comes with extra advantages from the NCMC platform.
Here are some important things to know:
Contactless Payments
You can pay for things without touching the card at stores, on buses, and in shops. Just tap the card on special machines.
Interoperable
This card can be used in all transportation and stores that are part of the NCMC system. It makes it easy for people to buy things anywhere in the country.
Wallet Functionality
Besides working like a normal debit card, the RuPay NCMC card also acts like a wallet. You can add money to it and buy things without needing a separate wallet app.
Enhanced Security
This card has advanced safety features like tokenization and biometric authentication. This means your transactions are very secure, and you can feel confident about using the card.
Step-by-step process for use
Using the RuPay NCMC Wallet Debit Card is easy.
Here’s a simple guide:
Card Activation
Once you get the card, activate it using the Federal Bank mobile banking app or internet banking portal.
Funding in Wallet
Load money onto the card through the Federal Bank mobile banking app, internet banking, or by visiting a Federal Bank branch.
To Pay
To pay at a store, just touch your card on a special machine. If you’re spending more than a specific amount, you’ll need to enter your PIN.
Checking Balance and Transactions
Use the Federal Bank Mobile Banking App or Internet Banking Portal to see how much money is in your wallet and review your transaction history.
Security Measures
Protect your card and don’t share important information like your PIN or OTP. If your card is lost or stolen, tell Federal Bank right away to block the card.
Limits
Special rules about how much you can use your card might change based on the kind of account you have and how you work with Federal Bank.
Some special rules for the RuPay NCMC Wallet Debit Card include:
Transaction Limit
There are rules about how much you can use the card each day for both touch payments and PIN-based transactions.
Load Limit
People might have a highest amount they can add to their card’s wallet in a specific time.
Withdrawal Limit
When taking out cash from ATMs with the card, there might be a maximum amount you can withdraw in a day.
It’s important to know that Federal Bank wants to make paying with the RuPay NCMC Wallet Debit Card easy and safe for customers,
allowing them to do transactions easily both online and offline.
