ICICI offers Debit card for Customers who avail LAS

Published on October 07, 2020
Current Context: ICICI Bank and Visa has partnered to launch a debit card facility for the customers who avail Loans Against Securities (LAS) from the bank.
ICICI offers Debit card for Customers who avail LAS
  • Thus ICICI Bank has become the first bank in India to launch this facility after RBI allowed banks to issue electronics cards to customers who avail OD (Overdraft) facility.
  • The card is made available on Visa platform and any new customer who avails for LAS will be issued with this debit card. 
  • Customer can make use of this card to make payments through POS (Point of Sale) and online transactions by making use of sanctioned LAS account. 
  • The maximum daily transaction limit is Rs 3 lakhs.
  • The card can be also accessed on ICICI bank’s app iMobile app.
  • Static Part: 
    • HQ of ICICI Bank: Mumbai
    • Tagline of ICICI Bank: Hum Hai Na, Khayal Aapka
    • MD and CEO of ICICI Bank: Sandeep Bakshi

Question: 

Q.1 Who among the following launched a debit card facility for the customers who avails Loans Against Securities (LAS) from the bank?
a. HDFC Bank and MasterCard
b. Axis Bank and MasterCard
c. Yes Bank and Visa 
d. ICICI Bank and Visa

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