The Central Bank of India (CBI) has introduced a new mobile banking app, and Europay, Mastercard, Visa- (EMV) compliant RuPay debit card on 23 December 2013 to celebrate its 103rd Foundation day.
The new mobile banking application allows customers to perform banking operations anywhere and at anytime.
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CBI managing director and chairman Rajeev Rishi said the new debit card would allow traders to draw INR40,000 ($646) per day or INR100,000 ($1,610) for international transactions.
The new EMV chip and pin cards can be used at ATMs, point-of-sale (POS) machines and e-commerce.
CBI also rolled out a new Chola Arogya Bhima Health Insurance Policy, which will offer health insurance for around 103,000 rural families in India.
Rishi added the bank had always been a common man’s lender and chose the occasion to focus on the rural and under privileged sector as well.
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