Indian private sector lender Axis Bank has introduced the country’s first Display Debit Card for its Non-Resident External (NRE) customers.
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The EMV chip-enabled interactive card features a display screen and touch-sensitive button, allowing customers to generate the One Time Password (OTP) on the card itself.
The OTP, along with the user id and password, helps a customer carry out internet banking transactions seamlessly without the need to wait for OTP delivery through SMS or email.
The card does not charge any international ATM access fee, offering unlimited free international ATM usage.
In addition, it provides customers lounge access, loyalty points on all transactions, air accident insurance of INR2.5m ($37,475.6) and personal accident insurance of INR0.5m ($7,496.2).
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By GlobalDataAxis Bank group executive and head retail banking Rajiv Anand said: "We are proud to be the first Indian bank to introduce Display Debit cards for our customers.
"The launch of the new card further reinforces our commitment to improving customer experience by deploying cutting-edge technology solutions that provide both security and convenience."
