Public sector lender Corporation Bank and global payment service provider, Visa have joined hands and launched a debit card for the premium customers of the bank.
The card is named "Corp Convenience- International Visa Signature Debit Card". All savings account holders of the bank who have an average quarterly balance of Rs 10 lakh in their bank accounts will be eligible to avail this card.
"The alliance is formed with a view to provide an exclusive offering to the top customers of the bank and complement their lifestyle with rewards when they shop, dine or travel," said Mr Ramnath Pradeep, Chairman, Corporation Bank.
A daily cash withdrawal linit of Rs 1 lakh would come with the card coupled with personal accident cover worth Rs 50 lakh.
Daily shopping limit is set at Rs 5 lakh.