All About Bank Of India
Founded in 1906 by reputed Indian businessmen from Mumbai, the bank was nationalized in the year 1969. Finding its humble origins in capital of Rs 50,00,000 and an employee strength of 50, the bank has grown from strength to strength with a nationwide presence. There are close to 5000 branches spread across the country and the union territories. Not only that Bank of India boasts an overseas presence with 60 branch offices along with five subsidiaries and one joint venture. Bank of India are the true innovators being one of the first banks in the country to have a completely computerized banking system and have an Automated Teller Machine installed. They were also one of the founding members of SWIFT in India. They were the pioneers in introducing the health code system and evaluating the credit portfolio. Bank of India is present in 22 nations outside Indian spread across five continents. Their chief financial centers being Tokyo, Singapore, Hong Kong, London, Jersey, Paris, and New York.
What Services Does Bank Of India Provide?
The services provided by Bank of India includes online services like internet banking, mobile banking, payments, instant money transfer, e-filing of IT returns, applying and tracking of loans, etc. BOI offers debit and credit cards from Mastercard and VISA (domestic and international card). Bank of India offers a variety of Rupay cards like RuPay platinum debit card and RuPay Kisan Card to name a few. Bank of India also offers prepaid cards for general purpose and travel. Bank of India also offers ancillary services like safe deposit vault, insurance, PPF, mutual funds, foreign exchange and purchase of gold coins. In addition to corporate services like banking and investment, BOI is also known for its rural projects like giving out Kisan Credit card and helping in Agri services, cold storage, poultry, and dairy development among others.
Pay Easy With BOI EazyPay
Bank of India also provides a person to person payment platform called BOI EazyPay. The service allows you to send money from VISA Debit Card (of any bank) to another card or prepaid cards quickly, securely, and without any hassle. Bank of India is working on making this platform available to other networks like Rupay and Mastercard, very soon. Currently, this platform can help you transact Rs 5000 in one transaction with a maximum cap of Rs 25,000 per month as per the rules laid down by the Reserve Bank of India. Each transaction amount will have a charge levied on it, starting from Rs 5 to Rs 12. Not only can you send and receive money but you can also pay credit card bills using EazyPay service.
Best Of Bank Of India Offers From GrabOn
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