What is the News ?

The State Bank of India has introduced the 'Nation First Transit Card.' It's a prepaid RuPay card that falls under the National Common Mobility Card (NCMC) program, allowing you to use it anywhere in the country.

Facts About:

• This card is designed to make your commuting experience smooth and convenient.
  • You can use it to pay for tickets on metros, buses, water ferries, and even parking with just one card.
  • Plus, it's not just for transportation; you can also use it for shopping online and in stores.
• What makes it work is the technology behind it. It's powered by RuPay and National Common Mobility Card (NCMC) tech.                                      

Important Facts About National Common Mobility Card (NCMC):

• With NCMC, you can use your Bank's Debit Cards as travel cards for Metro Rail and Buses in places where it's available.
• The idea for NCMC came from a committee led by Nandan Nilekani, set up by the Reserve Bank of India (RBI).
• NCMC is an initiative by the Ministry of Housing and Urban Affairs in India. Its goal is to promote cashless transactions and provide a single payment platform for commuters. It was launched on March 4, 2019.
• It offers a unified contactless transport solution through the RuPay platform, which is developed by the National Payments Corporation of India (NPCI).
• NCMC is like a magic card that can turn your smartphone into a transport card. You can use it to pay for Metro, bus, and suburban railway services.