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Our Bureau

Coimbatore, May 18

Indian Bank has introduced the `Bharat Card', aimed at people with a monthly gross income of Rs 3,000-7,500.

Mr S. Sundara Rajan, Executive Director, said that permanent employees in Government, public sector, private corporates, and self-employed people are eligible to apply for this card. Like every other credit card, it can be swiped at the bank's ATMs or Visa-enabled ATMs for withdrawing cash. The cash withdrawal would be limited to 25 per cent of the credit limit, subject to a maximum of Rs 5,000. Such withdrawals would attract a monthly interest of 1.99 per cent (compounded daily). The bank also offers free insurance to Bharat Card holders.

More Stories on : Credit Cards & Debit Cards | Public Sector Banks

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