Karur Vysya Bank has launched India’s 1st pre-paid card Enkasu (My cash in Tamil) in Karur, Tamil Nadu under its Quit cash movement. The card functions based on Near Field Communication Technology (NFC) in a semi closed-loop & the customers buying this card can make ‘tap & go’ payments for even small purchases to merchants from an amount of Rs. 1 to doing away with the need for cash & small change.
Click Here To Get Test Series For RBI Assistant Mains
These cards are special in the sense that it can be accepted ‘online’ & ‘offline’ as well. KVB customers can recharge the card through various ways including the bank’s mobile App ‘DLite’, UPI (Unified Payments Interface), NEFT (National Electronic Funds Transfer) or through its all 7 branches in Karur. Non-customers of the bank can also get this card even if they do not have a bank account anywhere but with the condition of ensuring KYC guidelines.
Important takeaways for all competitive exams:
On the 10th April, 2026 Sunil Bajpai has assumed the charge of the Principal Chief…
India's retail inflation edged up to 3.4% in the Month of the March 2026 which…
Nitish Kumar Chief Minister of Bihar have resigned from the post on the 14th April…
For the global recognition in the Cricket Mitchell Starc and Deepti Sharma have been named…
Australia has appointed the Susan Coyle as the first-ever female Army Chief. This announcement was…
India's Sawan Barwal has broken the country's longest standing marathon national record and ended the…