Canara Bank''s debit card
By Bangalore: | 05 Nov 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.