Canara Bank launches new payment facilities

Canara Bank, a nationalized bank in India, launched technology products and facilities for easy and secure banking on May 14, 2012.

The products and facilities would enable customers to avail themselves of the service from anywhere, anytime. Dr Thomas Mathew, Director, Canara Bank, and Joint Secretary (CM), Ministry of Finance, Government of India, launched the products and facilities.

Some of the facilities include Internet banking — bill payment; funds transfer by corporate account holder up to Rs 50 lakh per day; welcome kit – provision of Net banking login password; payment of fee to Indian Institute of Science (IISc), Bangalore; electricity bill payment by consumers of Bihar State Electricity Board; and release of booklet on technology products

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