SBI is ensuring you won’t ever bother again about forgetting your debit card in the ATM machine
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Now, no more forgetting that debit/credit card at the teller machine or checking twice and thrice before leaving a shopping mall in case we left the card at the billing counters! Here’s introducing the contactless debit and credit cards that come with a fraud cover of Rs 1 lakh, by the State Bank of India.The
"The NFC technology makes the contactless cards very secure as the card never leaves your hand thereby reducing the risk of card loss and fraud. The customers can tap or wave the card at the POS machine enter the pin and complete the transaction to pay at busy locations," said bank said in a statement to media.
To add to its merits, the card will come with emergency replacement facility anywhere in the world.
"We will tie-up with campus, hospitals and corporate for card," said SBI chairman Arundhati Bhattacharya speaking to media while launching sbiINTOUCH card at Starbucks, as per a report in the Economic Times. She was optimistic that once RBI gets comfortable with NFC technology it would increase the minimum limit from Rs 2,000. The bank has tied up with Shoppers Stop, Reliance Retail, Big Bazaar and Starbucks.
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The country's largest bank,
SBI is the country's largest issue of
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