Maharashtra based Punjab and Maharashtra Cooperative Bank (PMC) has introduced Rupay Secured Credit Card recently for the customers having fixed deposits in the bank.
A press note issued by the bank claims it is a card with unique features including the feature of credit card against own deposit without any financial documents.
The card’s charge is 1% interest which is the lowest among all and special reward point App for availing attractive offers, the press note informs.
Perhaps, the PMC Bank is the first Multi State Scheduled Bank to issued Rupay Credit Card at the rate of one percent Interest. Recently, the bank has tied up with Reliance Mutual Fund for selling funds of the company.
The bank is a Multi-State Scheduled Urban Co-operative Bank with its areas of operation in Maharashtra, Delhi, Karnataka, Goa, Gujarat and Madhya Pradesh.