Question
Download Solution PDFIn October 2021, the Indian Navy partnered with which bank to launch NAV-eCash Card?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is State Bank of India.
Key Points
- The Indian Navy and State Bank of India (SBI) have launched SBI’s NAV-eCash Card onboard India’s largest Naval Aircraft Carrier INS Vikramaditya.
- NAV-eCash Card with its dual-chip technology will facilitate both online as well as offline transactions.
- The card will remove the difficulties faced by personnel onboard in handling physical cash during deployment of the ship at high seas.
Additional Information
- Headquarters of some important banks:
| Bank | Headquarters |
| State Bank of India | Mumbai |
| Bank of Maharashtra | Pune |
| Canara Bank | Bengaluru |
| Bank of India | Mumbai |
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