On March 26,2021 Union Bank of India launched first of its kind ‘UNI-CARBON CARD’, a credit card that is co-branded by HPCL in Rupay platform of National Payments Corporation of India (NPCI) to create an opportunity to create value for the Bank’s customers.
Features of the card ’UNI-CARBON CARD’:
- This card is a contactless “Tap & Go” card and National Common Mobility Card(NCMC).
- While using this card at HPCL retail outlets, the cardholder will get Cashback/Rewards along with the waiver of fuel surcharge provided by the Bank.
- It offers a card limit of about 20% of gross annual income with a minimum limit of Rs 50,000 and no upper limit.
About NCMC:
- NCMC card is India’s First Indigenously Developed Payment system for transport consisting of NCMC Card, SWEEKAR (SwachalitKiraya: Automatic Fare Collection System) and SWAGAT (Swachalit Gate) based on NCMC Standards.
- It is formed by the recommendations of the Nandan Nilekani committee
- It is conceived by the Ministry of Housing and Urban Affairs(MoHUA)and launched with the tagline of ‘One Nation One Card’ on 4 March 2019 and enabled through the RuPay card mechanism
- It was first introduced at Ahmedabad Metro in 2019
Recent Related News:
On November 9, 2020, Under the vision of the Ministry of Housing and Urban Affairs (MoHUA), Karnataka Bank Limited launched a new indigenous RuPay debit card- National Common Mobility Card(NCMC). This card is the bank’s 1st ever contactless debit Card.
About Union Bank of India:
Establishment – November 11, 1919
Headquarters– Mumbai, Maharashtra
MD & CEO – Shri Rajkiran Rai G.
About Hindustan Petroleum Corporation Limited (HPCL):
Establishment – 1952 as (Standard Vacuum Refining Company of India Limited)
Headquarters – Mumbai, Maharashtra
MD and Chairman – Mukesh Kumar Surana
