NEWS & ADVICE : CREDIT CARDS
The launch of the chip based credit card
By Ankit Sharma
Sep 13, 2013
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The Largest Bank in India's Private sector ICICI Bank Ltd., along with their joint venture with visa have recently launched a new card called ICICI Bank Carbon. This is a card which will be given to the selected members of the ICICI Bank credit card. They will be entitled to get it with the launch offer of Rs.1000/- along with the relevant service tax as a onetime fee. As per the statement of the bank

In order to use the card, they would need to log on to the website of the bank once in order to generate the Code Secure pin. Once this is done, the pin that is generated will immediate help getting a onetime pass code. The back of card's display panel will show the password and this can be used for the authentication while doing transactions online. However in the case where the card is misplaced, then a person cannot use it for any transactions online. It comes with a chip that can reduce the various risks involved with online shopping.


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