Debit cards have emerged as one of the popular instruments to conduct transactions in any modern economy. With the rise of cashless transaction and more and more consumers adopting Ecommerce or online purchase of goods and services, the use of such cards is becoming popular constantly. But in the absence of marketing, the post office debit card is rather low on awareness. Let’s see what it offers.
India Post Payments Bank RuPay Virtual Debit Card
The India Post Payments Bank (IPPB) offers RuPay Virtual Debit Card which gives convenience in transaction for the common people. It also promotes the broader goal of the government of India’s digital payments mission.
Accepted by numerous merchants
This card will be accepted at all merchant outlets that display the logos of Visa, Mastercard and Rupay and agencies recognised by the India Post Payments Bank. The IPPB RuPay virtual debit card is a digital debit card that helps any customer access the ATM of any bank and withdraw cash or conduct other business as can be done with any debit card. One can easily conduct digital transactions via websites for purchasing any product or service and make payments of utility bills and taxes.
How to apply online
One can also apply online for such a card. One can enter the IPPB mobile application with the help of Mpin. After logging in, one can click on Cards and proceed. It is a simple menu-driven app and is easy for navigation by common people.
Can be blocked or unblocked
This card can be blocked or unblocked from the India Post Payments Bank mobile banking application. Individuals can also set their own limits of transaction per day. Like any other debit card, it operates through a personal identification number or PIN.
Account statement available
The website of India Post says that the owner of the debit card can also check the transactions of the card from the account statement which is available at the website of IPPB.
India Post Payments Bank: It helps the common man to step into the world of cashless transactions as well as the government’s broader mission to promote digital payments. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
