Canara
Bank's debit card
Our
Banking Bureau
5 November 2003
Bangalore:
Canara Bank has launched its debit card for its accountholders
in the country. R V Shastri, chairman and managing Director
of the bank, said the bank is targeting a customer base
of 1 million before the end of the current fiscal year.
The debit card is offered free of charge to its depositors.
The
debit card, he said, can be used to draw cash from any
of the bank's ATMs in India. "It could also be
operated from any of the VISA-affiliated ATMs across
the country."
The
bank simultaneously launched its branded group insurance
cover, Savings Suraksha. The cover is being provided
by its bancassurance partner, Aviva Life Insurance Company.
The
cover will be offered to the bank's savings and term
deposit-holders. This value-added service comes to all
depositors in the age group 18-55 at their option and
cost. The scheme assures Rs 1 lakh for individual savings
bank and term deposit accountholders, with an additional
cover of Rs 1 lakh for accidental death.
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