NAV-eCash Card

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.

• 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