As India moves towards becoming a
digitalised nation, an engineering college in Pune has launched an
identity-cum-debit card concept for their students. The card will support them
in making bank transaction and also connect them to various college facilities.
Key Highlight:
·
Combo
card is an identity-cum-debit card
·
SBI
recently introduced a combo card facility for Mumbai metro stations
·
Manipal
University last year launched Combo card
An
engineering college in Pune has introduced a unique concept of "Combo
Card" which plays the role of both identity card and debit card.
This
card has been distributed to more than 4,000 students of the college, having
their identifications like photograph, biometric information, Aadhaar and
Permanent Account Number (PAN) details, blood group and college enrolment
number.
B
B Ahuja, director and professor of the college, said in a mid-day report,
"After this idea of combining the identity card and bank debit card came
to my mind, we collaborated with the State Bank of India. It took us three
months to work on this project."
While
using combo card, Pune College students will now have easy access to the
library, laboratory and hostel. It will also help them conduct transactions
related to the stipends and scholarships they receive.
Apart
from having access to department of the college, these students will also be
able to carry out bank transactions. The card has radio frequency
identification chip which will scan all the necessary details.
Currently,
SBI has Mumbai metro combo card which acts as a payment-cum-access card at
metro stations in Mumbai and also functions as a standard shopping-cum-ATM
debit card.
Under
the SBI's Mumbai metro combo card, a customer can shop at over 10 lakh
merchant outlets in India. They can also book movie tickets, pay bills
and use it online purchases over the internet using Master Secure Code.
Moreover,
a customer using this metro combo card can withdraw cash from any State Bank
Group ATMs or other ATMs in India and worldwide.
Last
year, Manipal University in tie up with SBI has launched the similar concept of
combo cards for their students.
Source: ZeeBiz -27th November,2017
