IndusInd Bank launches international Mahila card

BANGALORE: IndusInd Bank has launched its International Mahila Card on the eve of the International Women's Day.



International Mahila Card is an international card with a wide accessibility over 1,50,000 point-of-sales terminals across the country and overseas merchant establishments as well. International Mahila Card will be issued to the women customers of the bank as an add-on card. The card holder will have a credit limit of Rs.25000 with 100% cash withdrawal facility without additional charges through the Bank's ATMs across the country.



IndusInd Bank executive vice president Suresh Pai said, "IndusInd Bank has always believed in providing the tailor made products to its customers. Keeping in tune with this spirit, the Bank has already launched Young Saver Scheme to promote saving habit in children, and a scheme for senior citizens. The International Mahila Card has the spirit of "empowerment to women" built into it along with greater convenience."



Unlike Credit Cards, interest charges on overdrawing on Mahila Cards would be nominal. Bank has also tied up with select shopping outlets for special discounts to Women by using IndusInd Mahila Card. Bank has plans to issue over one lakh cards under this category during next one year.

According to a press release the Bank is all set to have 130 branches by March 2005. This will further add to the network strength, making it a significant player in the retail banking space. IndusInd Bank has also tied up with UTI Bank and Corporation Bank for sharing of their ATM network for its own clients.

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