Bank of Baroda has partnered with the Tamil Nadu Government to offer co-branded RuPay Platinum Debit Card in the State offering customised solutions to its users, the bank said on Thursday.
Bank of Baroda has launched the debit card that would be offered to the beneficiaries of the State government's 'Pudhumai Penn' scheme.
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Accordingly, the card offers personal accident insurance coverage up to ₹2 lakh per annum and the joining and annual fees for the first year has been waived off, Bank of Baroda said in a statement.
The Pudhumai Penn scheme by the Government aims to enhance the enrollment ratio of girls from government schools to higher educational institutions. Through this scheme, financial assistance of ₹1,000 per month would be provided to every girl till the completion of their degree course.
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Tamil Nadu Government's special implementation department Principal Secretary T Udhayachandran, along with Bank of Baroda General Manager and Zonal Head A Saravanakumar launched the card in the presence of senior officials of the bank at an event here, the release said.