ICICI Bank has launched a debit card facility for the purchasers availing the Loan Against Securities (LAS) from the Bank. The debit card is out there on the Visa platform. With this launch, ICICI Bank has develop into the primary financial institution in India to launch such a facility.
The LAS debit can be utilized by prospects throughout all home service provider institutions to make seamless POS and on-line transactions like funds on e-commerce portals amongst others, utilizing their sanctioned LAS quantity.
Benefits of the debit card:
- Transaction restrict: The card affords a most every day transaction restrict of Rs. 3 lakh every for POS and on-line transactions.
- Digital card: The Bank gives a digital card to prospects, which is made out there on iMobile app inside one enterprise day. (Physical card might be made out there inside seven enterprise days.)
- Automatic renewal: The card is routinely renewed upon renewal of the LAS account.
Important takeaways for all aggressive exams:
- CICI Bank Headquarters: Mumbai, Maharashtra.
- ICICI Bank MD & CEO: Sandeep Bakhshi.
- ICICI Bank Tagline: Hum Hai Na, Khayal Apka.
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