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Friday, July 05, 2013

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Central Bank of India Unveils 'Wonder Card' in Bihar
Public-sector bank, Central Bank of India has unveiled 'Wonder Card', a new debit-cum-credit card, for the benefit of salaried customers in Bihar. This new card will allow a customer to withdraw a fixed amount in excess of his salary which will be adjusted in salary head in the next month with interest at the bank's base rate at 10.25%, in addition to 4% interest.

A Wonder Card holder with a salary of up to Rs 25,000 per month can withdraw a surplus amount of Rs 10,000 against his salary amount, while one with Rs 60,000 salary could withdraw Rs 25,000 surplus amount, while with salary of more than Rs 60,000 per month could withdraw up to Rs 60,000.

Central Bank of India has 4,300 branches and 2,500 ATMs with a Pan India presence of all the branches connected under the CBS platform. The bank has a business turnover exceeding Rs 4 lakh crore.

Courtesy: Indian-Commodity