10 January 2017 Current Affairs: State-run UCO Bank has launched its ‘UCO Suvidha (e) Prepaid Card’.
The card was launched earlier this month by R.K. Takkar, MD & CEO, UCO Bank, and Executive Directors, Charan Singh and G. Subramania Iyer.
According to a release by the bank, the prepaid card is “a hassle-free” alternative to cash, which can be used for cash withdrawals, purchase at Points of Sale (POS) or, over the Internet.
The bank’s own customers as well as walk-in customers can avail of the card from all branches of the bank.
The prepaid card offers the flexibility to load/ reload amount as and when required and is targeted at corporates, government departments, institutions and other organisations.