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– To deepen digital engagement, prospects will now earn factors on transactions made by means of the bob World app; can redeem accrued reward factors on a variety of merchandise, present vouchers and many others
MUMBAI, India, Oct. 29, 2022 /PRNewswire/ — Bank of Baroda (Bank), one of India’s main public sector banks, as we speak introduced the launch of ‘bob World Benefits‘ – a customer engagement programme that seeks to reward prospects for finishing up digital banking transactions by means of the bob World cell banking app. The programme encourages prospects to perform milestones by means of monetary and non-financial transactions on bob World. Customers will earn reward factors as incentives and may redeem the factors from a variety of merchandise, e-vouchers and charitable causes obtainable within the rewards catalogue on bob World. .
The ‘bob World Benefits’ programme is dwell for all prospects of the Bank and prospects are auto enrolled within the programme. Transactions that may earn prospects factors embody recent activation & login to bob World; recent UPI activation & UPI transaction; UPI Collect; third celebration transfers inside financial institution and out of doors; invoice funds; recharges; Scan & Pay; flight, bus & resort bookings; shopping for FASTag; making use of for a locker and credit score report era. Each level quantities to INR 0.25 and the factors are legitimate for a interval of 36 months.
Shri Akhil Handa, Chief Digital Officer, Bank of Baroda mentioned, “bob World provides a wide range of quick, convenient and hassle-free services for customers and with the launch of ‘bob World Benefits’ we are now making it rewarding too. The aim of the programme is to increase customer engagement and encourage more customers to experience and take advantage of the many features of bob World. Customers are accustomed to receiving reward points on credit card purchases and we are now pleased to extend that experience to mobile banking too.”
Customers can conveniently redeem their accrued reward factors on a variety of merchandise throughout completely different classes comparable to attire, electronics, jewelry, house decor, kitchen home equipment in addition to e-gift vouchers and charitable causes by means of the bob World app itself. These redemption choices have been enabled below the ‘bob World Benefits’ part in bob World. For a extra handy expertise, prospects can mix their factors with money for ease of redemption.
In addition, new-to-Bank prospects who open a B3 Digital-only Savings Account by means of bob World may even obtain cash that may be redeemed for an OTT subscription. The B3 Digital-only Savings Account will be opened by prospects sitting at their house by means of Video KYC.
About Bank of Baroda
Founded on twentieth July, 1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the main business banks in India. At 63.97% stake, it’s majorly owned by the Government of India. The Bank serves its international customer base of over 150 million by means of over 46,000 touchpoints unfold throughout 17 international locations in 5 continents. Through Its state-of-the-art digital banking platforms, it supplies all banking services and products in a seamless and hassle-free method. The just lately launched bob World cell app supplies prospects with a saving, investing, borrowing, and buying expertise, all below one single app. The app additionally serves non-customers by enabling account opening by means of video KYC. The Bank’s imaginative and prescient matches its various clientele base and instills a way of belief and safety. It is shifting properly in that course and bob World is an affidavit of its roadmap in the direction of Digital Transformation.
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