India Post Payments Bank replaces ATM/debit cards with QR cards. How to use them
The QR card you receive from India Post Payments Bank (IPPB) cannot be used in ATMs or as a debit card. However, you will still be able to withdraw cash as well as make transactions. Here's how.
New Delhi: India Post Payments Bank (IPPB), which was launched on Saturday by Prime Minister Narendra Modi, does away with ATM cards and debit cards for both cash and cashless transactions. Instead, IPPB will issue new QR (Quick-Response) cards which work on biometric authentication and not on passwords or PINs.