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Wednesday, August 26, 2015

Andhra Bank launches Mudra Card

Andhra Bank has launched Mudra Card under the Pradhan Mantri MUDRA Yojana Scheme.

As part of the PMMY, the bank is issuing Mudra Card to all eligible borrowers availing working capital limits as per guidelines.

Mudra Card is a debit card on the Rupay payment platform. It helps the borrower to have flexible access to their working capital limits. It can be used to draw cash from any ATM or make purchase using point of sale machine. The maximum loan under the MUDRA card it Rs. 10 lakhs

Source : Thehindubusinessline


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