HDFC
Bank's unique cash-back card
Our
Banking Bureau
9 December 2004
Mumbai:
HDFC Bank has launched the country's first international
gold debit card for customers across the country. HDFC
gold debit card customers will receive a credit of Re1
for every Rs100 spent on the card, a comprehensive insurance
cover of Rs5.70 lakh (including Rs 5 lakh for accidental
death, Rs50,000 theft and fire cover for items purchased
under debit card for up to six months and Rs20,000 baggage
loss cover) and pay no surcharge at petrol pumps.
Gold
debit cardholders can also withdraw cash and check balances
through any Visa ATMs, or withdraw cash from Canara
Bank and Bank of India branch. The annual fee per card
is Rs500. The gold card holder can withdraw up to Rs25,000
per day from ATMs and can make purchases up to Rs50,000
per day at merchant outlets.
VISA
Deputy Country Manager for South Asia Uttam Nayak feels
that the debit card has come of age. "Today, there
are over 17 million Visa debit cardholders in India
growing at over 100 per
