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IDBI Bank launches RuPay debit card

50IDBI Bank, in collaboration with the National Payments Corporation of India, has launched IDBI Bank RuPay Platinum debit card with upgraded features. The bank said in a statement that the new card enables cost-effective, fast and secure access to large number of ATMs, POS terminals, e-commerce websites and participating merchant establishments across the country. Customers can benefit from various discounts and offers that can be got on registering for the card, the statement added. The card fulfils the vision of the RBI of offering a domestic, open-loop, multilateral payment system to all banks and financial institutions in India. It will be instrumental in creating a less-cash economy and furthering the electronic payments system to make India a financial inclusive economy, it further said. All transactions under this card scheme are processed within the country and are in compliance with the regulatory requirement for debit cards and the PIN has been made mandatory for performing any kind of transactions. This ensures a higher level of security to the customers. M.S. Raghavan, CMD of the bank, said the new card is another effort towards giving the bank’s customers seamless service at par with the modern day banking technology.

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