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UBI launches 3 new cards

Union Bank of India has launched a new debit card and two credit cards. The Visa supported cards – Business Debit Card, Usecure Credit Card and Signature Credit Card – are part of the bank’s digital initiatives. Arun Tiwari, CMD of the bank, said launch of these three cards shall bring in lot of customer conveniences towards digital banking and simultaneously these digital initiatives are in line woth the government’s vision of ‘Digital India’. The bank said Business Debit card will be issued to all current account holders with a cash withdrawal limit of Rs 50,000 and daily shopping limit through POS and online of Rs 2 lakh. Usecure Credit Card will be given to bank customers against lien on term deposits with a spending limit of Rs 5 lakh. Signature Credit Card will be issued to high networth customers with a spending limit linked to the income of the individual and a cap of 20 per cent of the annual income. Tiwari also said the bank plans to roll out 100 Union 24×7 Comfort lobbies this year and has already opened 27 so far.

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