Bandhan Bank launches International Debit Card and NRI Banking
The Bank is also starting services for the NRI customers with a bouquet of products, said its MD and CEO Chandra Shekhar Ghosh at a press conference here.
Bandhan Bank's International Debit Card is being offered in partnership with Visa International. The chip-based card is EMV compliant; it is secured and fully compliant with the latest regulatory directions from the Reserve Bank of India on card-based payments.
This card, with enhanced security features, will provide added protection for card-based transactions against counterfeiting and skimming. It will be accepted globally at more than 30 million Visa merchants, either online or in- store, and allow card holders to withdraw cash at 2 million ATMs worldwide.
The customers will be offered two variants – Visa Classic and Visa Platinum. These cards are for both domestic and international usage and have features, including insurance, commercial discounts at select merchandise outlets, among others. Bandhan Bank's customers will now enjoy the benefit from shopping, dining out, filling fuels, paying bills online, withdrawing cash from any bank ATM and unlimited free transactions at Bandhan Bank ATMs.
Visa Classic Debit card holders will enjoy daily cash withdrawal limit of Rs. 40,000 while Visa Platinum Debit Cardholders will have Rs. 1, 00,000 daily cash withdrawal. The POS transaction limits for these two card variants will be at Rs. 1, 00,000 and Rs. 4, 00,000, respectively.
Responding to the requirements of Non-Resident Indian (NRIs), Bandhan Bank will offer such services at selected branches. The NRIs can open NRE accounts either under Premium or Standard variants.
Speaking at the launch of the two premium products and service lines, Chandra Shekhar Ghosh, Founder, MD & CEO, Bandhan Bank, said: "Bandhan Bank today enjoys the standing of a truly universal bank in terms of customer reach – from a small farmer of a remote village to the salaried executives in urban centres. Bandhan Bank is now ready to serve the vibrant and affluent Indian diaspora in sync with its core philosophy of 'Aapka Bhala, Sabki Bhalai'.”
Bandhan Bank commenced its operations on August 23, 2015, with 501 branches, 2,022 Door step Service Centres (DSCs) and 50 ATMs across 24 Indian states.
Bandhan is the first bank to be set up in eastern part of India, post-Independence.
(Reporting by Suchismita Roy)
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