Investors can now invest in mutual funds using their Visa debit cards. Visa, the global leader in digital payments, has introduced the initiative in partnership with Razorpay. The service is now available to customers of Federal Bank and ICICI Bank.

The investor can now set and modify their own transaction limits by using their Visa debit card for investing in mutual funds. Also, all the SIPs linked to the debit card can be visible to investors alongside other recurring payments, by log