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Bank of Baroda inks MoU with IFFCO to launch co-branded debit card

Bank of Baroda (BoB) has entered into a Memorandum of Understanding (MoU) with IFFCO to roll out their first set of co-branded debit cards for farmers. This step has been taken as part of a novel initiative to push digitalization and cashless economy. The co-branded debit cards, with inbuilt overdraft of Rs 2,500 in special savings bank account, could be used for purchase of various agri products at IFFCO sale counters.

Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.

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