ICICI Bank and Visa launch India's first US dollar debit card for Non-Resident Indians (NRIs) at GIFT City

Exam-focused facts from the 18 May 2026 current affairs briefing.

Key facts

ICICI Bank and Visa have launched India's first US dollar (USD) denominated debit card for Non-Resident Indian (NRI) customers.
The card is offered through the IFSC Banking Unit (IBU) of ICICI Bank at Gujarat International Finance Tec-City (GIFT City).
The product is linked to the USD Global Savings Account of ICICI Bank and is built on the Visa Infinite platform.
The card eliminates markup fees on USD transactions conducted at point-of-sale (PoS) terminals and online platforms.
The debit card is equipped with EMV chip-enabled technology and allows users to manage transaction preferences through GIFT City NetBanking.