Development Credit Bank Ltd., India’s
emerging private sector bank announced the launch
of its ‘M-Power Current Account.’
M-Power - the first of its kind current account
in India is now available in centers across
the country.
The unique feature of the M-Power Account is
that it allows the customer access to a host
of free services and facilities of a current
account without the hassle of maintaining the
average quarterly balance. Hence, there would
not be any minimum / average balance requirement
for this account. By paying an annual fee, the
customer can enjoy a host of free facilities
and services.
Gautam Vir, MD & CEO, DCB, on the launch
of ‘M-Power Current Account’ commented,
“This unique first-of-its kind product
in India is in line with our aggressive growth
strategy of becoming a significant player in
the banking sector. M-Power will reach out to
our target customers on a large scale. As a
customer-oriented bank, DCB will continue to
bring value additions and innovations, which
will enable our customers to ‘feel the
difference.’
At the launch of M-Power, Mr. P. N. Vasudevan,
Head Consumer Banking Group said, “This
is an innovative product which gives significant
freedom to small traders and businessmen to
conduct their business without pressure of balance
maintenance. This product will enhance DCB’s
visibility and presence in the retail market
and will help in the speedy acquisition of market
share among mass and mass affluent segments.”
The M-Power Current Account comes with a host
of benefits and free facilities such as a Sweep
In /Out Facility for balance above Rs. 50000,
Free DD upto Rs. 50.00 lacs per month, Free
Payable at Par uitlisation upto Rs. 50.00 lacs
per month, International Debit Card, Any Branch
Banking facility, Free Internet, Mobile &
Phone Banking, free statement of Account by
E-Mail, free Electronic Funds Transfer facility
up to 1 Crore a month and a host of other services.
Cash Pick up facility is also available.
The ATM card gives access to more than 11000
ATMs with 4 non-DCB ATM usage p.m free. One
FSSA (Free Style Savings Account) will be offered
at a discount of 50% of Annual Maintenance charges.
For further information
contact: Deepanita- 09833686518 or Adfactors
PR Sonia Kulkarni - 09820184099
