Mumbai: Kotak Mahindra Bank has announced
the launch of "best compliments card" - a prepaid
fixed-denomination card that can be bought from any of
the Bank's branches. Available in an attractive gift pack,
the card can be used like a debit / credit card at any
Visa outlet across the country.
At the product launch in Mumbai, film star Ajay Devgan
presented the bank's first card to his wife Kajol on her
birthday.
Dipak Gupta, executive director, Kotak Mahindra Bank
said, "Deciding on a gift is a very tedious task
for individuals. This card will add a new dimension to
the aspect of gifting. It provides freedom and convenience
both to the purchaser as well as the recipient.
Traditionally money has been the best gifting option.
With the best compliments card, we aim to build tradition
with technology."
The card, available in denomination of Rs500 and above,
in multiples of Rs500 (to a maximum of Rs25,000) can be
bought by anyone, including non-customers, from any Kotak
Mahindra Bank branch. The card can be used by the recipient
as often as required at any Visa outlet just like any
other debit or credit card.
Kotak
Mahindra reported an annual turnover of Rs1711.15 crore
for the previous financial year
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