Multiple choice

Which bank became the first bank in India to launch EMI facility on debit cards?

  1. HSBC Bank

  2. HDFC Bank

  3. Yes Bank

  4. ICICI Bank

  5. Federal Bank

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

ICICI Bank became the first bank in India to launch the EMI (Equated Monthly Installment) facility on debit cards, allowing customers to convert purchases into monthly installments. This was a significant innovation in retail banking. Option D is correct.