BANKING AFFAIRS

Detailed explanation-1: -National Common Mobility Card (NCMC)-One Nation, One Card for transport mobility is an initiative of the Ministry of Housing and Urban Affairs to enable seamless travel by different metros and other transport systems across the country besides retail shopping and purchases.

Detailed explanation-2: -National Common Mobility Card RuPay Contactless is a debit card which allows you to make payments in fraction of seconds, just by tapping the card on the card reader (supporting contactless transactions). You don’t need to enter the PIN for completing contactless payments below INR 5000.

Detailed explanation-3: -The National Common Mobility Card (NCMC) is an inter-system transport card that was launched on March 4, 2019. The card allows travellers to pay for travel, toll duties (toll tax), retail shopping as well as withdraw money.

Detailed explanation-4: -Benefits of NCMC This will also help in higher digital payments penetration saving on closed-loop card lifecycle management costs and reducing operating costs. The rich data insights may be used by operators for business intelligence leading to efficient operation.

Detailed explanation-5: -RuPay Contactless card is in line with the specifications of National Common Mobility Card (NCMC) Program.