India’s Bandhan Bank has partnered with Visa International for debit cards. The card will have two variants – Visa Classic and Visa Platinum.
The lender, which started full-fledged operations in August 2015, offered only RuPay card to its depositors for the first five months.
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With Visa Classic, cardholders can withdraw up to INR40, 000 daily, while Visa Platinum allows cash withdrawal of INR1, 00,000 daily.
Bandhan Bank said that the new debit card will be accepted worldwide at more than 30 million Visa merchants and allow card holders to withdraw cash at two million ATMs worldwide.
Additionally, Bandhan Bank has introduced banking services for NRI customers in order to move beyond rural finance for deposit mobilization. NRI services would be offered only at select branches, the bank said.
The bank, which had developed a network of 612 branches and 203 ATMs so far, has a customer base of 8.2 million, of which around 800,000 were added in the last five and half months.
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By GlobalDataThe lender aims to add one million new customers by the end of this financial year.
