State-run lender Union Bank of India (UBI) has rolled out three cards for its customers in collaboration with Visa.
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The three cards include Business Debit Card, Usecure Credit Card and Signature Credit Card.
Business Debit Card, which has an upper withdrawal limit of INR500,000 ($7,667.4), is targeted at small businessmen.
USecure credit card is primarily targeted at students with balance of INR25,000 ($383.2), and would be issued to students against term deposits.
Signature Credit Card would be targeted at high net worth customers.
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By GlobalDataUBI chairman and managing director Arun Tiwari was quoted as saying by The Economic Times: "These cards are part of the digital initiatives of the bank in line with the Digital India drive of the country, this would help us increase our low cost deposit accounts by Rs 5,000 to Rs 6,000 crore."
