InvestorQ : What is a MUDRA card?
priya Shah made post

What is a MUDRA card?

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1 year ago

A MUDRA Yojana card is a debit card that’s issued with a Pradhan Mantri Mudra Yojana account.

The MUDRA card helps a borrower avail credit in a hassle free and flexible way through a RuPay card.

This card will give the borrower working capital either in cash credit or over draft form. Furthermore, the card can also be used to withdraw money from an ATM or making purchases using Point of Sale credit card swiping machines.

The MUDRA card also allows for repayment of the amount as and when surplus is available, thereby reducing a borrower’s interest burden in the long term.