Current Affairs PDF Sales

Bank of India launched “Signature Visa Debit Card” for High Net Worth Individuals

AffairsCloud YouTube Channel - Click Here

BoI launches ‘Signature Visa Debit Card’ for HNIs on its 115th Foundation DayOn the occasion of Bank of India (BoI)’s 115th Foundation Day, BOI has launched an international contactless debit card , “Signature Visa Debit Card” for high net worth individuals who are maintaining an average quarterly balance of Rs 10 lakhs and above. 

Atanu Kumar Das, Managing Director(MD) & Chief Executive Officer(CEO) of BOI virtually inaugurated new buildings of Rural Self Employment Training Institutes (RSETI) at Barabanki, Lucknow(Uttar Pradesh) and Giridih (Jharkhand).

Features of Signature Visa Debit Card

Spending Limit- Upto Rs 5 lakhs on Point of Sale(POS) & Electronic(e)-commerce and Rs 1 lakh on Automated Teller Machine(ATM)

Insurance– It will provide Insurance against fraudulent transactions

Complimentary lounge access & Offers– It provides complimentary lounge access (2 per quarter) and offers on travel, retail, dining, etc.

Availability– It will be available in metal and plastic variants. 

Additional Info

The bank highlighted the need to maximise the credit linkages through RSETI for achieving the goal of Atmanirbhar Bharat.

Recent Related News:

i.Federal Bank has partnered with Fiserv, Inc. to enable the digitization of it’s end-to-end card issuance and processing cycle to support the launch of the Federal Bank credit card, their 1st Independent Credit Card. The Federal bank will also outsource associated operational processes to Fiserv.

ii.Aditya Puri, Managing Director of HDFC Bank, launched digitally the 1st of its kind card, ‘Shaurya KGC(Kisan Gold Credit) Card’, a tri color themed card for Indian armed forces personnel, i.e, Army, Navy, Air force and Para military forces and their families. It will benefit over 45 lakh users. 

About Bank of India(BOI):
HeadQuarters– Mumbai, Maharashtra
Managing Director(MD) & Chief Executive Officer(CEO)– Atanu Kumar Das
Tagline– Relationship Beyond Banking