New debit-cum-credit card Wonder Card of Central Bank of India

The Central Bank of India recently launched a new Debit cum credit card “Wonder Card” for salaried customers in Bihar.

Main Features & Benefit of Wonder Card: Customer withdraw a fixed amount in excess of his salary to be adjusted against deposit under salary head in the next month.

A Wonder Card holder with a salary of up to Rs 25,000 per month can withdraw an excess amount of Rs 10,000 against his salary amount, while one with Rs 60,000 salary could withdraw Rs 25,000 excess amount,  such a card holder with salary of more than Rs 60,000 per month could withdraw up to Rs 60,000.

Interest Rate: 14.25 percent of interest rate charged by the bank on excess amount.