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BoB launched Vikram Credit Card

Published on January 27, 2023

Current Context: Bob Financial Solutions Limited (BFSL), a subsidiary of Bank of Baroda, has launched a new contactless credit card called 'Vikram'.

BoB launched Vikram Credit Card
  • It is specifically designed for Indian defence, paramilitary, and police personnel. The card was launched on January 26, 2023, the 74th Republic Day in India.
  • The card is offered as a Lifetime Free card, with reward points and an activation gift of a complimentary over-the-top subscription.
  • The card also offers an Accidental Death cover of Rs 20 lakh, a 1% fuel surcharge waiver, lifetime free add-ons, Equated Monthly Instalment offers, and periodic merchant offers. BFSL already has exclusive co-branded credit cards with the Indian Army, Indian Navy, Indian Coast Guard, and Assam Rifles.
  • The new card is intended to honour the nation’s protectors for their selfless services.
  • Bank of Baroda (BoB):
    • Managing Director (MD) & Chief Executive Officer (CEO) – Sanjiv Chadha
    • Headquarters – Vadodara, Gujarat
    • Establishment – 1908
  • BOB Financial Solutions Limited (BFSL):
    • MD & CEO– Shailendra Singh
    • Headquarters – Mumbai, Maharashtra

Question: 

Q.1 Which bank has launched Vikram credit card?
a. Bank of Baroda
b. SBI
c. Axis bank
d. HDFC
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