Tuesday, July 22, 2014

Indian Bank Credit Card Customers – EMV/Chip Cards



            Indian Bank has initiated the process to migrate its Credit Cards from Magnetic Strip to EMV/Chip based cards.
            In the first stage, the migration is planned for Gold Card customers.  Migration for other card holders will happen in due course.
            At the same time, Indian Bank has introduced limits for credit card transactions for Gold / Classic / Business Card Customers
            The following limits will apply to Gold Card holders till they receive the EMV/Chip Based cards:
  • Indian Currency Transactions (POS, E-com & ATM withdrawals): Rs 25,000/- daily limit.
  • Foreign Currency Transactions (POS, E-com & ATM withdrawals) is temporarily

The following limits will apply to Business Card holders with their existing magstripe cards :
  • Indian Currency Transactions (POS, E-com & ATM withdrawals): Rs 25,000/- daily limit.
  • Foreign Currency Transactions (POS, E-com & ATM withdrawals) is temporarily withdrawn.
The following limits will apply to Classic Card holders:
  • Indian Currency Transactions (POS, E-com & ATM withdrawals): Rs 15,000/- daily limit.
  • Foreign Currency Transactions  (POS, E-com & ATM withdrawals) is temporarily withdrawn.

To minimize customer discomfort,  if any customer wants to enhance Indian Currency Transaction limit or to enable Foreign Currency limit, they may send SMS (their requests along with their credit card number and the amount in Indian currency) to 94443 96058 or 94443 96056 from their registered mobile number for enabling the same from 10.00 am to 5.00 pm on working days.
      Indian Bank has three RRB’s under its fold, namely

In the last financial year, Indian Bank has introduced a number of facilities to its individual customers. The most important facilities are as under:

v  “Card Block Facility” through SMS under which the credit card customers can block their credit cards by sending an SMS (by typing „BLOCKCC) to 56767 from their registered mobile number
v  In Tamil Nadu, under Social Security Scheme Old Age pension is being paid to about 2.11 lakh beneficiaries, in the villages covered under Financial Inclusion, through Bank accounts using Information and Communication Technology (ICT) based Smart Card enabled Business

v  Bank has implemented the ICT based BC model in Koyambedu Market, Chennai, wherein a BC has been engaged in the market. 775 vegetable/fruit vendors have been enrolled and issued with smart cards and 1668 transactions amounting Rs.9.02 lakh have been done by the BC.

Sunday, July 20, 2014

Bank of Baroda – 107th Foundation Day Initiatives


            Bank of Baroda is celebrating its 107th Foundation Day on 20/07/2014

            This year’s theme is ‘Racing together, Racing ahead’.

            The following are the 107th Foundation Day Initiatives

  • 107 new branches
  • 107 new ATMSs’
  • Pilot launch of Adarsh Grameen Branch
  • Launch of Door Step Banking Services at select centres
  • 24 * 7 self-learning portal for staff
  • Customer Education programmes for Alternate Delivery Channels
  • Launch of Cash Recyclers. The RFP for cash recyclers was flown in January 14, and the launch date is 20/07/2014


Saturday, July 19, 2014

Canara Bank upgrading its Internet Banking Suite


            Canara Bank customers accessing the Canara Bank internet banking site after on or after 20/07/2014 would be pleasantly surprised. They would see a new revamped interactive site.

            In view of the migration, Canara Bank’s Net Banking will not be available from 19th July, 2014 10.00 PM to 20th July, 2014 10.00 AM.

One of the unique features of Canara Banking net banking is the CanSecure Application which enhances the safety on online banking transactions. CanSecure be installed on multiple computers, as per the customer’s requirement.

            The Net Banking has different options for Retial and Corporate customers. Now retail customers can register for Net Banking Online, which is one more innovative feature from Canara Bank.