Syndicate Bank launches smart card for students

Syndicate Bank recently launched smart cards for students of Karunya University in Coimbatore.

The bank’s deputy general manager Uday Shankar Majumdar told The Hindu that it planned to give the card to about 500 students initially for use in the canteen. The cards would be pre-loaded for minimum Rs. 500 or Rs. 1,000 each. The students could use the card in the canteen and the amount spent would be credited to the University’s account online. The card could also be used by the students as an access card within the University premises.

The use and requirements of the card would be studied and in six months to one year, the card would be upgraded for fee collection and other payments. Depending on its success, it could be given to other universities too.

Mr. Majumdar said use of such cards would bring down the requirement of manpower at several counters in an institution and move transactions to the online system. In the case of normal debit cards, several other security features and bank account were required. Hence, the bank decided to launch the product for students.

The card was launched by the bank’s Chairman and Managing Director M.G. Sanghvi here.

Source : The Hindu

Rate this item
(1 Vote)

Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.

back to top

Young Coimbatore

Young Coimbatore - Young Photographers - Le memorie

12.05.2014

Young Coimbatore - Young Photographers…

Photography, ya we again found a team of young Coimbatorians who have ...

Read more

start cooking

Chet­ti­nad Kozhi Varuval

17.09.2013

Chet­ti­nad Kozhi Varuval

Ingre­di­ents   Chicken – 750 gms Grind Gar­lic – 4 pods Gin­ger ...

Read more
  1. Hot News
  2. Tags
  3. Comments
Airtel brings 4G to Coimbatore

Hits:2570

Coimbatore of old brought alive through photographs, heritage walk.

Hits:2240

Coimbatore, Pune among 100 Kushal Centres across the country

Hits:2070

Drumbeats from the Japan liven up Coimbatore

Hits:2384

Fully prepared to prevent preterm baby deaths: CMCH officials

Hits:6424

Advertisement filmmakers - coimbatore

Hits:2612

Advice - Road is not a play ground. be responsible in road. obey rules.

Events & Happenings

You have information or news about Coimbatore. Then send it to sendnews (at) coimbtaorenews.info  Vinoth - Editor