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.
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.