Bank of India has planned to offer reward point for this festival season

By Pradeep Yuvaraj | September 26, 2011

According to a recent press report Bank of India has planned to offer rewards points to its customers who purchase through their Debit Card.

Bank of India is known for its relationship beyond banking. The bank which has understood the temper of its customers, who are usually fond of purchase during this festival season, has offers reward points in order to encourage their purchase. Reports said that the rewards points will be based on the amount of money spent by the customer. For example if the purchase is made for Rs 100, the bank will offer reward points like one to two.

Reports said that the bank wants its customers to make use of this offer and purchase more for this festival season. It also said that Debit cards save the time of the customers and are one of the easy modes to spend and the customers become more excited through this offer, to earn more reward points they purchase more.

To know more about the offer the customers can send SMS BOI cityname to 57575 or they can call to the number 022-40919191.

Another report said that the bank was planning to adopt either rights issue or a qualified institutional placement (QIP) to raise its capital. The individual services of the bank include bank deposits, international banking, education loans, home loan, personal loan etc.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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