Canara Bank has launched Canara RuPay Credit Card. Launching the card, Rakesh Sharma, Managing Director and Chief Executive Officer, Canara Bank, said: “Launch of Canara RuPay Credit Card is also part of strategy to expand our technology channels.’’
Sharma launched the Canara RuPay Credit Card in the presence of P V Bharathi, Matam Venkata Rao and Debashish Mukherjee, all executive directors of the bank.
He said that the new card variant, issued in association with the National Payment Corporation of India, will provide the best features of a credit card.
According to him, Canara RuPay Credit Card will be accepted at all RuPay enabled three million plus point of sale terminals and 80,000 plus e-commerce merchants in India.
The card is efficiently designed to provide 20-50 days interest free repayment period. It comes with a complimentary insurance cover of up to Rs 1 lakh in case of loss of life.
It is also loaded with attractive rewards points programme for every non-cash withdrawal transaction and exclusive merchant offers across various categories – Travel, Wellness, Dining, Hotels and E-commerce.
Canara Bank currently has Mobile Wallet, EasyCash and P-Serve as technology products.