Karnataka Bank unveils ‘Deposit Only Card’
Mangaluru, June 15: Karnataka Bank, as part of its digital initiative, has unveiled yet another novel card variant ‘KBL-Deposit Only Card’, which enables hassle-free cash deposit transactions at Bank’s 24X7 e-Lobby services.
This card is specially meant for Bank’s Current/Overdraft customers and by using this card they can perform card based cash deposit transactions even with higher deposit limit at Bank’s Bunch Note Acceptor (BNA) / Cash Recycler kiosks.
The salient features of the cards are;
- Instant Cards & issued across branch counters.
- It can be used only for Cash Deposit transactions. (Withdrawal & Purchase transactions are not allowed)
- Per day cash deposit limit is `10,00,000/-.
- Multiple cards can be issued to a particular account and multiple accounts can be linked to a particular card.
- Card will be issued to all SB/CA/OD accounts wherever PAN number is registered.
“All the customers of Karnataka bank can avail ‘Deposit Only’ cards for remitting / depositing Cash into our 175+ BNAs / Cash Recyclers installed across the length & breadth of the country.
These unique cards will empower bank’s valued customers especially corporate customers and businessmen to deposit cash / business proceeds to their account, round the clock, even at different locations.
In future, these cards may be permitted with interoperable cash deposit (ICD) transactions i.e., cash deposit at other Banks’ BNAs/Recyclers, when NPCI ICD initiative is enabled at Bank.” said Shri Mahabaleshwara M S, Managing Director & CEO of the Bank, on the occasion of unveiling Deposit Only Card here at Bank’s Headquarters, Mangaluru.
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Congress MLC Abdul Jabbar suspended from primary membership of party
Bengaluru: The Karnataka Pradesh Congress Committee (KPCC) President DK Shivakumar has passed an order suspending Member of the Legislative Council Abdul Jabbar from the primary membership of the party.
Shivakumar, who is also Deputy Chief Minister, has stated in his order that the MLC is to be suspended with immediate effect.
Jabbar is said to have been suspended for his alleged anti-party activities during the by-election to the Davanagere South Assembly constituency.
