Products Launched by Various Banks

Product Launched by Aim
‘Axis ACE Credit Card’ Axis Bank partnered with Google Pay and Visa To increase users participation in the digital world
‘Axis Bank Club Vistara Forex Card’ Axis Bank in partnership with Vistara This forex card allows the customers to travel to destinations abroad in a cashless and hassle-free manner
Debit Card Facility  ICICI Bank and Visa  Customer can make use of this card to make payments through POS (Point of Sale) and online transactions by making use of sanctioned LAS account.
Refinance Scheme NABARD The special refinance facility of Rs 800 crore for FY 2020-21 has been sanctioned by NABARD for WASH (Water, Sanitation and Hygiene) programme. 
‘Digital Suraksha Group Insurance’ Flipkart and Bajaj Allianz   This insurance cover allows customers to protect themselves from finance frauds like cyber-attacks and other malicious activities. 
'i-Lead 2.0'Canara BankTo offer banking services seamlessly to its customers irrespective of where their customers reside.
Positive Pay System’  Reserve Bank of India For Cheque Truncation System (CTS). For this purpose, RBI has issued a directive under Section 10 (2) read with Section 18 of the Payments and Settlement System Act 2007.
‘MSMESaksham’ - Portal Small Industries and Development Bank of India (SIDBI) and TransUnion CIBIL The portal will provide quick access to finance and credit facility to the MSMEs. The portal will guide the MSMEs in managing their credits along with providing knowledge hub in the form of articles, business insights to them.
Kona Kona Umeed Kotak Mahindra Bank It is a 2-month campaign which provides offers and discounts to make banking and shopping more rewarding.
‘Jan Bachat Khata (JBK)’ Fino Payments Bank Ltd It is an adhaar Authentication-based digital savings Account that brings neo-banking experience to customers.
Insta Click Savings Account Bank of Baroda The aim behind launching this ‘Insta Click Savings Account’ is that BOB is working to digitize its all work by 2023 and become 100% paperless.
‘AXAA’ Automated Voice Assistant Axis Bank It is an AI-Powered conversational robot
‘Bhavishya’ Saving Account  Fino Payments Bank Ltd
  • The ‘Bhavishya’ Saving Account is launched for the minors who are in between the age group of 10-18 years.
  • This saving account is launched with an aim to inculcate banking and saving habits in children.
‘Smart Plan Shop Package Policy’ Airtel Payment Bank The financial protection in case of asset damage inside the shop or to accidents like fire outbreak, earthquake etc will be offered.
‘Five Star Villages’ Scheme Department of Post The scheme is launched to provide universal coverage of flagship postal scheme to Indian rural areas. It ensures that postal services and products reach to every rural part of India.
‘Green Deposit Programme’ HSBC  India The ‘Green Deposit Programme’ is launched for corporate clients who will be responsible to provide finance to the green initiative projects and eco-friendly projects. 
Liberty Saving Account Axis Bank The Liberty Saving Account will address the need of the youth and digitally interested Indians like changing lifestyles and hospital cash insurance covers. MobiKwik It will allow the user from any UPI payment app to send and receive money
5T Plan Delhi Government   The resemblance of 5T: Testing, Tracking, Treatment, Teamwork and Trackling.
‘IB-eNote’ Indian Bank ‘IB-eNote’ helps to improve turnaround time, saves the cost of papers, reduces printing costs and also other administrative expenses.
‘Ind Guru’ Indian Bank It provides skill development and cross-functional learning to the employees of the Indian Bank. 
Debt and Credit Guarantee Programme National Bank for Agriculture and Rural Development (NABARD)  The ‘Structured Finance and Partial Guarantee Program’ will help to ensure the flow of credit without any interruptions to the destination in rural areas which are affected due to COVID-19.
‘Shaurya Kisan Gold Credit (KGC) Card’ HDFC Bank It is the tri-colour theme-based card which is launched for Indian Armed Forces i.e. Indian Army, Indian Navy, Indian Air Force and Para Military Forces and to their families.
Central Bank Digital Currencies (CBDCs) Testing Platform MasterCard It is the virtual testing platform to assess and explore national digital currencies
‘Signature Visa Debit Card’ Bank of India This Card is for those people who are maintaining an average quarterly balance of Rs 10 lakhs and above.
‘nth Rewards’ National Payment Corporation of India (NPCI) It offers infinite possibilities of earning to the users through bank transactions and redeem instantly with the help of e-vouchers, donations, hotel and flight bookings.
‘Federal Bank Credit Card’ Federal  Bank For this credit card, Federal Bank will make use of FirstVision technology of Fiserv Inc.
‘Paytm All-in-One Portable Android Smart POS’ Paytm This will offer a digital platform to many SME’s in the country.
‘KBL Micro Mitra’  Karnataka Bank A new financial support product for Micro Small and Medium Enterprises (MSME). 
‘Yuva Pay’             Yes Bank and UDMA Technologies Yuva Pay is a digital wallet solution.
‘Digital Apnayen’   Punjab National Bank To encourage customers to prefer digital banking system
iStartup 2.0 ICICI Bank The ‘iStartup 2.0’ will help the startups and entrepreneurs in the requirements like regulatory assistance, analytics, acquisition, staffing, accounting and digital platform for its customers and in all other banking and allied activities
‘Apna Ghar Dreamz’ Home Loan Scheme ICICI Home Finance
  • The scheme is launched for skilled labourers like electricians, mechanics, painters, grocery store owners etc. in the informal sector of Delhi.
  • The credit amount under ‘Apna Ghar Dreamz’ loan scheme ranges from Rs 2 lakh to Rs 50 lakhs.
Suraksha Salary Account for MSME’s Airtel Payment Bank   With the help of this account, MSME and other organisations will be able to make cashless payments and provide financial security to their employees
SARAL Affordable Housing Scheme ICICI Home Finance
  • This scheme to finance homes in rural and urban areas of India.
  • Maximum limit of loan is Rs 35 lakhs with an interest rate starting from 7.98%.
Insta FlexiCash ICICI Bank It is an online overdraft facility (OD) by which customers can get approval for OD instantly with a paperless manner.
Sovereign Gold Bond Scheme for 2020-2021 Reserve bank of India The schemes describe the assured return of 2.5 per cent to investors along with appreciation in the price of the bond in line with the movement of gold prices.
Special Borrowing Scheme for SHGs Indian Overseas Bank In this scheme, each member of SHG will be able to avail of a loan of Rs 5000/- with a cap of Rs 1 lakh for the group.
‘Vikas Abhaya’ Karnataka Vikas Grameena Bank It is a loan scheme to provide some relief to Micro, Small, and Medium Enterprise(MSME) borrowers.
Voice Baking Services ICICI Bank It has started a voice baking services on Amazon Alexa and Google Assistant for its customers
National GIS (Geographic Information System) enabled Land Bank System Union minister of commerce and industry, Piyush Goyal This system will provide real-time information about the availability of industrial land and resources. It will provide details about industrial clusters all over India.
iTurmeric Fincloud’ Platform Intellect Design Arena Ltd. and IBM It will ensure that systems in the banks and financial institutions are operating in isolation or parallel with core legacy systems
MSME Prerana’ Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman It is an online business mentoring programme for MSMEs providing help to develop the businesses in the areas like Business skills, Communications, Human Resources etc
 ‘Home Utsav’ ICICI Bank This product will digitally showcase the real estate properties and projects from various sites of India.
PM SVANidhi portal and SBI Banks’ eMudra portal Ministry of Housing and Urban Affairs  This will help to accelerate the loan sanctioning and loan disbursement process to the street vendors who want to avail the benefits of PM SVANidhi scheme. 
‘Payment Infrastructure Development Fund (PIDF)’ Reserve bank of India The PIDF is set up with an allocation of Rs 500 crore with an initial contribution of Rs 250 crore by RBI which is half-covering of the fund and rest half will be from card-issuing banks and card networks operating in India
eBkray Union Finance Minister, Nirmala Sitharaman For transparent and clean online auction by banks of an attached asset, for the improved realisation of value
Co-branded Multi-Currency Card ICICI Bank Customers can use one card for multiple currencies and enjoy discounts on flights and hotel bookings.
Green Car Loan State Bank of India
  • To encourage customers to buy electric vehicles (EVs) in the country
  • The interest rates on the loan will be 20 basis points (0.2 per cent) lower than SBI's existing auto loans

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