Mutual fund investments can now be made with Visa debit cards by investors. The effort was unveiled by Visa, the industry pioneer in digital payments, in collaboration with Razorpay.
Federal Bank and ICICI Bank customers can now access the service.
Utilising their Visa debit card to make mutual fund purchases now allows the investor to set and change their own transactional limits.
By logging into their bank's subscription management portals, investors may see all the SIPs connected to the debit card as well as other regular payments.