- They have partnered to launch LazyCard, which is a prepaid payment instrument.
- The LazyCard will be supported with a credit line and will work on the Visa payment network.
- It is predicted that the card will reach over 62 million pre-approved users of LazyPay.
- It has a credit limit of up to 5 lakhs.
- The LazyCard can be availed at zero joining fees and zero annual fees.
- Various multiple transactional benefits and rewards are linked to it.
- It is comprised of various booster features which will allow the user to get access to the card by setting up a fixed deposit with SBM Bank India through the digital way of the mode of transactions.
- Thus, the user will secure money through fixed deposits with a high rate of interest than savings.
- Static Part:
- HQ of SBM Bank India: Mumbai
Question:
Q.1 In partnership with which bank has LazyPay launched ‘LazyCard’, which is a prepaid payment instrument?
a. DBS Bank India
b. SBM Bank India
c. ICICI Bank
d. Axis Bank
a. DBS Bank India
b. SBM Bank India
c. ICICI Bank
d. Axis Bank
