UTI Bank announces launch of Gift Card

Mumbai, Feb 5 (UNI) UTI Bank formally launched the Gift Card here today, which is rupee dominated, non-reloadable and based on the VISA Electron Platform with a validity period of 2 years.

Designed in a unique gift-wrapped shape, the card is targeted at retail and corporate customers and it will be sold to the bank's customers as well to other retail customers as an alternative to cash, a bank release said.

The card is also suitable for corporate clients, who can use it as a mode of giving out gifts to their clients, vendors and employees on any occasion.

UTI Bank president (retail banking) Hermant Kaul said ''The card is an innovative gifting solution which will further strengthen our continuously expanding suite of card products.'' UNI