Private sector lender HDFC Bank has issued 3 lakh instant credit cards within a year of its launch.
Launched in January this year, InstaCard is delivered to customers within an hour of applying for a credit card in quick and easy steps on net-banking, HDFC Bank said in a statement.
With InstaCard, customers can do online transactions on e-commerce websites immediately on receipt of the InstaCard, it said, adding, the physical card is then delivered to the customers within a few days, it said.
Popularly also known as digital credit card, an InstaCard is issued using a combination of credit bureau information, pre-qualification algorithms and checks in the application form, it added.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.