Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
24 February, 2017 05:25 IST

Source: | 24-Feb-17
Comments  |  Post Comment

Bank of Baroda, one of the leading public sector lenders, in association with National Payments Corporation of India (NPCI) has launched three new products RuPay Platinum Debit Card, Card to Card Fund Transfer and IMPS for RRBs.

RuPay Platinum Debit Card will provide attractive offers and value added facilities to cardholders including Rs 2 lakh Insurance Cover, 5% cash back on bill payments, fuel surcharge waiver upto Rs.75 per month, cash back of Rs 25/- on train ticket booking, complimentary airport lounge access and concierge services, apart from activation offers at Cafe Coffee Day and The Mobile Store.

Card to Card Fund Transfer is an instant fund transfer facility using "Debit Card Number" of the beneficiary without requiring account number / IFSC. It is a simple, secured and convenient method to transfer funds 24 x 7. 

IMPS for RRBs (Inward remittance) facility is enabled for 1826 branches of bank's 3 RRBs. This is a quick transfer facility with a turnaround time of 18 seconds.

Speaking on the launch, Ranjan Dhawan, MD & CEO, Bank of Baroda, (Q,N,C,F)* said, "Digital product innovation and digitization of processes are keys to deliver convenient service to customers and to improve operational efficiency." 

"We feel proud to partner with Bank of Baroda, and are extremely delighted that the bank has launched the premium 'RuPay Platinum Debit card' for the eligible customers. With huge customer base of BoB in the country, RuPay Platinum card will certainly create  a difference in the premium card market segment and will extend the gains to customers through unique offers that are widely acceptable at all payment channels - ATM, PoS and eCommerce," says A P Hota, MD & CEO, NPCI.

Shares of the bank declined Rs 5.4, or 3.35%, to trade at Rs 155.85. The total volume of shares traded was 203,252 at the BSE (12.02 p.m., Monday).

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Piramal Ent enters into strategic partnership with Ivanho Cambridge - 23-Feb-2017 15:20
Zydus gets at USFDA nod for phase-II clinical trial of Saroglitazar Magnesium - 23-Feb-2017 14:05
IRB Infra arm bags contract worth Rs 15.3 bn - 23-Feb-2017 12:56
Shashijit Infra bags order worth Rs 86 mn - 23-Feb-2017 12:49
Brand Finance ranks TCS as one of top 3 global brands in IT services - 23-Feb-2017 12:49
Tata Comm enters into mobile data connectivity, cross-border IoT market - 23-Feb-2017 12:26
Cyient inks pact with ANSYS - 23-Feb-2017 11:53
Crude oil price of Indian basket falls marginally - 23-Feb-2017 11:11
Dewan Housing Finance Corp gains on fund raising plan - 23-Feb-2017 11:00
Asian Oilfield Services wins overseas contract worth USD 57 mn - 23-Feb-2017 10:56
Asian Oilfield Services surges after winning overseas contract - 23-Feb-2017 10:52
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer