May 2010


Now, Bank customers will soon get maximum withdrawal in a single day upto Rs. one lakh by their ATMs. They can shop also of Rs 1.25 lakh by their debit cards. They can transfer about Rs three lakh in a day to another account through ATMs or over phone.

Currently, HDFC has announced to give the facility to its customers. The enhanced limits for ATM withdrawals would save the consumers from running to bank branches. Currently, you are able to withdraw Rs 50,000 in a day through your ATMs.

Withdrawal upto Rs one lakh in a day to the HDFC customers effects from June 1. Other banks will also announce the policy soon.

About the enhanced ATMs withdrawal economictimes.indiatimes.com, an online news portal about business and economy writes, “The ATM withdrawal limit for HDFC Bank Imperia Gold Debit Cards now stands increased to Rs 1 lakh, and that for shopping to Rs 1.25 lakh, from Rs 50,000 per day.”

Further the news portal writes about the debit shopping, “Besides, the ATM card and shopping limit for Easy Shop Regular International/ Maestro/ NRO Debit Cards would stand increased to Rs 25,000 and Rs 40,000 respectively, from Rs 15,000 and 25,000 respectively.”

The news portal writes about the kid’s advantage, “Also the holders of Kid’s Advantage Debit Cards can withdraw and shop for Rs 2,500 in a single day, higher from Rs 1,500 and Rs 1,000 currently.”

“Further, for Women debit Card holders will get to withdraw Rs 25,000 from ATMs from Rs 20,000. Also customers can shop for up to Rs 40,000 crore with debit cards, from the present Rs 30,000.”

Further the news portal quotes a statement of HDFC, “The above revised limit are not applicable to the card holders whose current limit are different from the ones stated above and will continue to enjoy their requested/offered limits as sanctioned before.”

The new policy will save banks and customers both times. Both will get double advantage.

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Recently, American Express introduced – Pay with Points rewards program through its membership. It is a feature that makes booking flights easier and faster than before for its Platinum cardmembers and the Platinum Reserve credit cardmembers.

About the “Pay with Points”, economictimes.indiatimes.com, an online news portal writes, “American Express, through its Membership Rewards program, has introduced ‘Pay with Points’, a feature that makes booking flights easier and faster than before for its Platinum cardmembers and the Platinum Reserve credit cardmembers. Pay with Points feature allows cardmembers to instantly redeem membership rewards points for all or part of the cost of any leading airline ticket without blackout dates or restriction when booking travel through American Express Membership Travel Services.”

The “Pay with Points” allows card members to redeem membership rewards points for all or part of the cost of any leading airline ticket without blackout dates or restriction when booking travel through American Express Membership Travel Services.

Simran Kalra who is the vice president, product management & development, American Express, said to the ET, “In the past, American Express cardmembers were able to convert rewards points to frequent flyer miles with Membership Rewards partner airlines. Now in addition, with this ‘Pay with Points’ feature, our cardmembers have an option to use their membership reward points to fly on any leading airlines free of blackout dates or restrictions or memberships to Frequent Flyer programmes.”

With this “Pay with Points”, American Express Card Members will fly on any leading airlines free of blackout dates or restrictions.

Further the news portal writes, “Cardmembers can call American Express Membership Travel Services to book tickets availing of a choice of airlines to fly including leading domestic and over 50 international airlines. Cardmembers can pay for tickets by combining points with part payment on their American Express Platinum Cards as well as pay fully with the points earned.”

The feature allows you to fly including leading domestic and over 50 international airlines. It is the biggest news just like World Travel Card of PNB.