News

Canara Bank launches four more technology products

Friday, 08 April 2011, 05:11 Hrs

Bangalore: Leading public sector Bank, Canara Bank, said it has launched four technology products,enabling cashless services to its customers.

A company release said the Canara Bank Debit Card-Platinum, a premier variant of its Debit Card offers many more benefits than the normal debit card for premier segment customers. It offers higher purchase limit of Rs two lakh per day. The card makes available complementary insurance cover and Global Customer Assistance Service provided by VISA/MasterCard.

The Canara Campus Card is a co-branded debit card in association with educational institutions issued to students of identified institutions to facilitate payment of fees.

The card ensures cashless transactions that avoids hassle of handling Cash/Cheque/DD for student/Institution in fee payment. This Card can also be used by student as normal debit card in other merchant locations/ATMs, it said.

Cash withdrawal at point of sale debit enables cardholders withdraw upto Rs 1,000 per day at select member establishments identified by the bank. It provides an alternate banking channel for card holder to draw cash while they are shopping.

Merchants providing this facility can dispose their excess cash and get their account credited online to that extent. It enables hassle-free cash withdrawal facility where ATM penetration is low, it said.

Bill Payment Facility facility enables Net Banking Account Holders to make 80+ types of utility bills online through this facility by clicking link provided in the Bank's website.

Various bill payments like telecom, insurance, mutual fund payments, electricity bills, travel and ticketing, cable and internet payment, loan repayment, online shopping, donation payment, online tax and others are included as billers.

Customers need to register themselves for the utility in case of some of the billers. They also get prior notification of due date of such bills on email.
Source: PTI

Don't Miss ( 1-5 of 25 )