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Showing posts with label Kisan Cards. Show all posts
Showing posts with label Kisan Cards. Show all posts

Wednesday, June 20, 2012

Central Bank of India to launch RuPay Cards




The RUPAY Card network has added one more member, with Central Bank of India inking an agreement with National Payments Corporation of India (NPCI) for issuance of RuPay cards.

To make the best use of this agreement, Central Bank of India, tweaking all its EDC Machines to be RuPay compliant. With the above feature, the bank will be in a position to issue RuPay cards as well as make payment of all RuPay cards issued by other banks in the country.

The major observation by Central Bank of India, is that the charges currently levied by RuPay are almost at par with others. NPCI has assured that shortly they will bring down these charges.

NPCI is also encouraging banks to issue RuPay cards for Financial Inclusion and Kisan Credit Card.
Central Bank of India, was established in 1911, and has the distinction of being the first Indian Commercial Bank wholly owned and managed by Indians. Central Bank of India, was the dream of Sir Sorabji Pochkhanawala, founder of the Bank.

The Bank recently celebrated its 100 years of existence.

Over the years, various innovative schemes were launched by the bank. The most noteworthy was the launch of an Exclusive Ladies Department to cater to the Bank's women clientele, that too in the year 1924.

Tata Industrial Bank founded by Shri.J.R.D Tata was acquired by Central Bank of India, in 1923

A magnificent book on Bank's History was released as part of its centennial celebrations.

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