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NAV-eCash Card

Published on October 05, 2021
Current Context: The Indian Navy and State Bank of India (SBI) collaborated to launch SBI’s NAV-eCash Card onboard INS Vikramaditya, which is India’s largest Naval Aircraft Carrier.
NAV-eCash Card
  • It will prove a major contribution to digital payment solutions in India.
  • The NAV-eCash Card is based on dual-chip technology which will enable it to be used in both online and offline transactions methods.
  • It will also eradicate the difficulty faced by the officer to handle physical cash during deployment of the ship at high seas.
  • Static Part: 
    • Chief of Naval Staff: Admiral Karambir Singh
    • HQ of SBI: Mumbai
    • Chairman of SBI: Dinesh Kumar Khara

Question: 

Q.1 With which bank has the Indian Navy launched NAV-eCash Card onboard INS Vikramaditya?
a. Bank of Baroda
b. Axis Bank
c. Punjab National Bank 
d. State Bank of India

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