Dena
Bank, Visa Electron roll out international debit card
Our Banking Bureau
14 January 2003
 Mumbai:
Dena Bank
has launched Dena International Debit Card in association
with Visa Electron.
 Dena
Bank chairman and managing director A G Joshi says the
card will be available free of cost to all Dena Bank accountholders
who maintain a quarterly minimum balance of Rs 5,000.
Alternatively, the card can also be acquired at an annual
fee of Rs 100.
The Dena card can
be used at all Visa Electron acceptance locations, currently
consisting of 51,000 merchant establishments in India
and around 10 million locations across the world.
Cardholders will
also have global access to cash through the Visa ATM network,
in addition to the bank’s own ATMs. The Visa network
covers over 3,500 ATMs across India and over 780,000 ATMs
globally.
 The
bank will also provide cardholders a personal accident
insurance cover of Rs 1 lakh for a period of one year
at no extra charge.
The bank is also
thinking of going in for a tier-II issue by March 2003
to raise around Rs 60 crore.
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