BoI launches pension at doorstep

Mumbai, Jan 31 (UNI) Bank of India today launched two pensioners' friendly schemes - 'pensioners credit card and pension delivery at doorsteps.

Talking to mediapersons, M Balachandran, Chairman and Managing Director, Bank of India said ''The Bank is launching Pensioner's Credit Cards which are Photo-cards affilated to Master Card and come bundled with many user friendly improved payment options. Being Photo-cards they will also serve as means of identification,'' he added.

The other product Pension delivery at Doorsteps is a product through which Pensioners have the option of delivery of pension to be made at their places of residence through the Department of Posts. This is being introduced as a pilot project in a few places in the State of Maharashtra and may be extended to other parts of the country in near future. The facility is being extended free to the pensioners, he added.

UNI