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Bank of baroda debit and credit card

Date post: 22-Nov-2014
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Bank of Baroda Debit and Credit Cards
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PRESENTATION ON DEBIT CARDS AND CREDIT CARDS By: NILESH KUMAR DUBEY Bank of Baroda
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  • 1. By:NILESH KUMAR DUBEYBank of Baroda

2. An electronic card issued by a bank which allowsbank clients access to their account to withdraw cashor pay for goods and services. This removes the need for bank clients to go to thebank to remove cash from their account as they cannow just go to an ATM or pay electronically atmerchant locations. This type of card, as a form of payment, also removesthe need for checks as the debit card immediatelytransfers money from the client's account to thebusiness account. 3. Key features of Baroda Maestro debit card:Most secured debit card usable along with PINNo threat of card misuse when lost/stolenOffering ease of shopping with spend limits of Rs. 50,000/- perdayAllow cash withdrawal through ATMs for your immediate needsof Rs. 25,000/- per day 4. Key features:Offering ease of shopping with spend limits of Rs. 50,000/-per dayAllow cash withdrawal through ATMs for your immediateneeds of Rs. 25,000/- per day Secured with signature verificationA most acceptable shopping option 5. Key features:- Segmented offering with higher limits on POS is Rs.2,00,000/- perday Superior spending power with ATM withdrawal limit of Rs.1,00,000/-per day. Visa concierge service for providing personalized customercare. 24/7 Global customer assistance service provided by VISA Lost/stolen card reporting Emergency card replacement Emergency cash disbursement Travel assistance Various reward/promotional offers made available by Visa (in andoutside the country) 6. Key features of Baroda Gold debit card: Offering ease of shopping with spend limits of Rs. 1,00,000/-per day. Allow cash withdrawal through ATMs for your immediateneeds of Rs. 50,000/- per day. Being a Combi card, it would be accepted at regularsignature based POS as well as more secured PIN basedPOS terminals. A cherished flexibility for our premiumcustomers. 7. Key features of RuPay Debit Card: It can be used only with PIN hence a more secured debitcard. No threat of card misuse when lost/stolen. Card would be accepted only at secured PIN based POSterminals. Cash withdrawal limit at ATMs is Rs. 25,000/- per day. Spend limit at merchant outlets (POS) is Rs. 50,000/- perday. Available to all customers eligible for debit card issuance. 8. PIN protection (PRO) If your debit card is stolen, as long as yourPIN isn't stolen with it, nobody else can use your debit card to makepurchases. (Reminder: Keep your PIN separate from your debit cardat all times.) Part of your overall accounts (CON) When you use your debitcard, remember that it's part of your personal accounts. (Note: A lot ofbanks do provide protection for both debit and credit cards, and somecan be used as both. Be sure to check with your bank for thesedetails). If you mismanage your account, it could lead to bouncedchecks and overdrafts that may affect your overall credit history. Less chance of excessive credit card debt (PRO) If you keepyour banking records organized and carefully manage your checkingaccount, you can avoid amassing too much credit card debt. Andwith interest fees on credit cards often an issue, keeping credit carddebt down is always a plus. Liability issues (CON) If your debit card is lost or stolen and a thiefis able to use it (remember, some banks view debit cards and creditcards the same; your debit card, at times, can be used like a creditcard), you could be liable for all the costs. 9. A card issued by a financial companygiving the holder an option to borrowfunds, usually at point of sale.Credit cards charge interest and areprimarily used for short-term financing.Interest usually begins one month aftera purchase is made and borrowinglimits are pre-set according to theindividual's credit rating. 10. DESCRIPTIONThis card is affiliated with Visa international and acceptedworldwide. Revolving credit : Rs. 25,000 (The company reservesthe rights to issue cards with lower limits) 11. DESCRIPTIONThis card is welcomed at over 70 million MerchantEstablishments and more than 1 million ATMs worldwide.This card is affiliated with MasterCard International and isvery popular amongst the BOB card holders. 12. DESCRIPTIONBOBCARD Gold is affiliated with Visa International & valid throughout the world.It is globally accepted over 70 million locations and more than 1 million ATMsworldwide.BOBCARD presents these premium cards to offer its gratitude to the High Networth Individuals.Exclusively designed, these cards are packed with great features and benefits.Its features offer you the freedom you deserve and the convenience you desire.What's more, you can withdraw cash up to 20% of credit limit from ATM's. 13. DESCRIPTIONBOBCARD Platinum Visa is affiliated with Visa International & validthroughout the world.It is globally accepted over 70 million locations and more than 1 millionATMs worldwide.BOBCARD presents these premium cards to offer its gratitude to the HighNet worth Individuals.Exclusively designed, these cards are packed with great features andbenefits.Its features offer you the freedom you deserve and the convenience youdesire.What's more, you can withdraw cash up to 20% of credit limit from ATM's. 14. DESCRIPTIONThis credit card is affiliated with Visa International & validthroughout the world on over 70 million establishments & morethan 1 million ATMs. It can only be applied by a corporate.Individual : Not applicable.Company : Turnover of Rs.1 crore or more.Paid-up Capital: Rs.10 LacsMinimum Net worth Rs.30 Lacs 15. DESCRIPTIONBOBCARD Signature is affiliated with VISA International & validthroughout the world.It is globally accepted over 70 million locations and more than 1million ATMs worldwide.BOBCARD presents these premium cards to offer its gratitude to theHigh Net worth Individuals.Exclusively designed, these cards are packed with great featuresand benefits.So, get your Visa Signature Card today and be a part of theevolution. 16. DESCRIPTIONBOBCARD Exclusive Woman Card is a tribute to the gloriouswomen of India who are acclaimed for their contributions tothe human civilization.BOBCARDS presents this Card to offer its gratitude to thegreat women souls of the land.This card is welcomed at over 70 million MerchantEstablishments and more than 1 million ATMs worldwide.This card is affiliated with MasterCard International and is verypopular amongst the Bobcards holder. 17. DESCRIPTIONBOBCARD Platinum is affiliated with MasterCard International &valid throughout the world. It is globally accepted over 70 millionlocations and more than 1 million ATMs worldwide.BOBCARD presents these premium cards to offer its gratitude to theHigh Net worth Individuals. Exclusively designed, these cards arepacked with great features and benefits.Its features offer you the freedom you deserve and the convenienceyou desire.Not to mention the extra benefit of insurance it offers -AccidentalInsurance. What's more, you can withdraw cash up to 30% of creditlimit from ATM's. 18. No PIN required (PRO) If you don't have the bestmemory, for example, credit cards don't require aPIN. (CON) This can also be a negative, because thePIN does provide you with a financial safeguard; ifyou get ripped off, anyone can use your credit card tomake purchases. Separate from your other accounts (PRO) Whenyou use your credit card, the money you spendactually comes from the lender not your personalaccount. Freedom from liability (PRO) If there's a problemwith your purchase (say, if the item is broken ordoesn't work properly after you buy it), your creditcard company will cover you until that problem getsresolved. 19. Point of Sale 20. MeaningPoint of sale (also called as POS or checkout) is the place where aretail transaction is completed. It is the point at which a customer makesa payment to the merchant in exchange for goods or services.At the point of sale the retailer would calculate the amount owed by thecustomer and provide options for the customer to make payment i.e.either through Debit card or credit card.It is many times called as the Point of Service because it is not just apoint of sale but also a point of return or customer order. 21. What Is a POS Machine? This is a device enabling payments made through a point-of-saleterminal where funds are electronically transferred. It is the hardware attached to the cash register that operates thesoftware capable of reading your card. When you slide your card through the slot and enter a pin number,software quickly transfers card information from the card reader tothe cash register and funds are immediately withdrawn from youra/c. 22. BenefitsPOS Benefits:No need to carry cash, to your bank, thusminimizing risks?Saves money and time wasted on monthlyreconciliations. Boosts the merchants selling business byoffering greater payment options.Proceeds are deposited directly into themerchants bank account. No need to go tothe bank branch.


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