Know all About the NCMC- One Card to Travel Anywhere, Shop, Pay Parking, Toll and More

National Common Mobility Card

Following the footsteps of Goods and Services Tax (GST) that has the motto of ‘one nation, one tax’, the Government of India and Ministry of Housing and Urban Affairs launched National Common Mobility Card with the motto of ‘One nation, one card for transport mobility.’ This card is an interoperable mobility card that can be used to make payments across all transit segments.

What is NCMC?

NCMC was first launched in March 2019 in partnership with a home-grown payment network, that is, RuPay. NCMC holders can use this single card for offline transactions with minimum financial risk to involved stakeholders.

Tipped with such host of beneficial features, this National Common Mobility Card is a mandate for a country like India where a significant portion of the population does not possess personal vehicles and hence opt for public transports like bus and metro. Under such circumstances, having access to a convenient and uniform payment mode via NCMC is an added benefit. There are multiple other benefits to availing this card that makes it a popular choice for the Indian population.

Benefits of NCMC

A sound public transportation system is vital for every developing nation. The government launched this National Common Mobility Card to ease availing public transportation for individuals.

The benefits of this card are manifold and can be enlisted as follows –

  1. Promotes the endeavours towards a cashless nation

While India continues its stride towards one of the top global economies, it is also moving towards a cashless and digital structure. In this endeavour, the National Common Mobility Card is a preferred option considering that it meets the issues of cash reconciliation, handling and revenue leakages.

This initiative to digitise and automate fare collection using the Automatic Fare Collection System (AFC) is exceptionally beneficial considering that it enables users to have the convenience of carrying on with the daily schedule sans the hassle of carrying cash.

  • Discards the requirement to carry multiple payment cards

Considering that the National Common Mobility Card acts as a uniform payment card to bear diverse expenses. An individual with such a card is not required to carry multiple cards for the required transactions. He/she can use this card to pay for public transport as well as retail, parking and toll sectors.

However, while this card also acts as a debit card to withdraw cash from the ATM, it is not effective when it comes to acting as an EMI card. Under such circumstances, individuals can always go for the Bajaj Finserv RBL Bank World Plus SuperCard that comes with 4-in-1 features –

  • Cashcard
  • EMI card
  • Loan card
  • Credit card

It comes with multiple other add-ons features too that you should know before applying for a credit card, such as –

  • Interest-free cash withdrawal for up to 50 days.
  • Easy EMI financing.
  • A welcome gift of up to 20,000 reward points.
  • Access to complimentary airport lounge access.
  • Fuel surcharge freedom.
  • Interest-free loan against the outstanding credit amount for up to 90 days.

Individuals can have access to such beneficial features by merely knowing how to use a credit card wisely and fulfilling the required eligibility criteria and providing the essential documents.

They also provide their existing customers pre-approved offers that ease the application process to avail such financial products. These offers are available on numerous financial products that include credit cards, home loans, personal loans, business loans, etc. You can take a look at your pre-approved offer by providing a couple of essential details that include your name and contact number.

  • Lowers the operation cost

The National Common Mobility Card helps in acquiring savings on the closed-loop management cost of the card lifecycle and reduces the operating cost of the same. Additionally, the rich data insights can be used for business intelligence by operators to boost the efficiency of operation.

Thus, NCMC, which is the nation’s very first indigenously developed payment eco-system for transportation, is undoubtedly set to bring on considerable changes in the payment format across India.