IndusInd Bank puts two cards on one plastic

IndusInd Bank launched what it called India’s first dual, debit cum credit card.

The ‘Duo’ card has two magnetic stripes on either edges and two chips on either ends.

The card design uses the anagram technique to enhance and highlight the singularity of the Duo Card.

IndusInd Bank, part of the Hinduja Group, is among the smaller private banks in India, but is a sizeable player in the corporate finance segment. It is also more popular in urban areas.

As on June 30, it had 1410 branches and 2285 ATMs.

The bank, founded in 1994, is a clearing bank status for both major stock exchanges – BSE and NSE – and major commodity exchanges in the country, including MCX, NCDEX, and NMCE.