April 5, 2022 | Investopaper
Kamana Sewa Bikas Bank Limited has become the first development bank in Nepal to issue credit cards. The bank has launched a credit card service with the objective of providing all-accessible and state-of-the-art banking services.
Chairman of the Bank Sudip Acharya and Director Biseshwar Subedi jointly inaugurated the credit card service. Chief Executive Officer of the Bank Pravin Basnet and other employees of the Bank and media persons were present on the occasion.
The bank has also informed that it will provide the limit of NRs. 15,000 to 500,000 in the credit card. It can be easily used in Nepal and India. Other features in the card include interest-free for 15 to 45 days when purchasing goods or services from the card, cash withdrawal from ATMs accepting Visa cards etc.