gpr presentation 10042012-final

7/31/2019 GPR Presentation 10042012-Final

1/23

ItzCash General Purpose Card

Classroom Training for ICW


2/23

Contents

Introduction

Features of Freedom Card

Sales Pitch - Scenarios

Issuance Process: ICW Level

Royal Sundaram General Insurance

Fees Structure

KYC Documents

Marketing Activities


3/23

Introduction: Banked, Unbanked &Under Bank

Banked Population:Credit Card /Debit Card and Bank Account HolderFull access to financial services

Already being fully serviced by Banks less users of cash

Under Banked and Unbanked Population: Mostly does not hold any active Bank Account, No debit/credit CardMinimal access to formal financial servicesVery high users of cashCustomers of Non-bank prepaid issuers

Unbanked Population: No bank account, debit/credit/prepaid cardNo access to formal financial services and

Customers of Micro-finance; users of cashCustomers of BC/BF under No Frills A/c Scheme

Under Banked Population: Bank Account Holders, may have debit card in some casesPartial access to financial servicesBeing served by Bank but high users of cashCustomers of Non-bank prepaid issuers


4/23

What is Freedom Card?

The Freedom Card is Indias first General Purpose

Reloadable Prepaid Card brought to you by DevelopmentCredit Bank Limited and ITZ Cash Card Limited. It is a smartand cost-effective alternative to carry cash and makepayments. The Freedom Card is simple, convenient andsafe to use for a variety of services which include:

Shopping at over 500,000 Merchant Establishments (whichaccept Visa Cards) like supermarkets, pharmacies, clothingstores, medical stores, and more.

Make utility bill payments, book Rail & Air e-Ticket, online

Mobile Recharge, Mobile Post Paid Bill Payment, DTHSubscription Renewals, payments for Government Serviceslike Property Tax, Water bill payments and Shopping onlineor at ItzCash World Outlets.

Withdrawing cash from ATMs, (which accept Visa cards).

Transfer Money(Domestic Remittance) * (to be introducedshortly)

Freedom Card


5/23

Freedom Card can be used to makepayment at any merchantestablishments (e.g. Spencers,mobile store, Big Bazaar etc) throughany pos terminal who accepts VISA

It can be used to do onlinetransaction with any merchantwho accepts VISA and also at Itzpayment gateway

Customer can withdraw moneyfrom any VISA enabled ATM.

Freedom Card: where can itbe used?

Features: Freedom Card


6/23

DCB Bank No frills Account along with

Freedom Card on request with Zero Balanceat no additional charge

Initially available as ESC (Essential ServicesCard) for making payments like Rail and Airbooking, Prepaid, Postpaid, DTH, Insurancepremium etc

Can be upgraded to Open loop Card (OLC) orGeneral Purpose Reloadable Card(GPR) byproviding requisite KYC without additionalfees

Reloadable for a minimum value of Rs.250

ESC Maximum Rs. 10,000OLC Maximum Rs. 50,000



7/23

Annual limit of transaction (From date of Cardactivation)

ESC Rs, 1,00,000OLC (Procured without PAN card) Rs.2,00,000OLC (Procured with PAN card) Rs.6,00,000Validity: 5 Yrs from the date of activation

Reloadable at enrolled ICW only

Main Menu



8/23

Main Menu

Summary ofFeatures: Freedom CardReload at your Convenience

Avoid Queues to pay bills

Shop more

Cash withdrawal from any ATM

No overspending worries

Safer alternative to carry cash

Buy online safely

Book bus, train and movie tickets

Accepted at all VISA outlets


9/23

Sales Pitch Scenario 1

Unskilled/Skilled Labourer : Target Group MigrantWorkers from other States

Regularly send money to their native place viafriends/colleagues/relatives/Postal money orders

going to Native place Carry Cash in trains

Advantage of DCB Freedom Card

Card can be reloaded and money withdrawn fromany ATM

Safer mode than carrying cash in train

To get a DCB Bank No frill account and with it the

access to financial services with no fees


10/23


Traders from Other Cities: Target Group DiamondTraders/Cloth Merchants

Travel regularly for trade inter cities

Transactions are generally in cash


Load the card and withdraw the funds as and when

required(i.e. to make /receive payments )


11/23


Pocket Expenses : Target Group- Head of family/Father

can forward the card to their children studyinglocally/Outstation

Problem of tracking of funds

Problem of transferring funds to students studying

outstation


Could be used to track funds spent Card can be reloaded instantaneously and can be

used to withdraw, shop, etc.

Cash need not be managed at the students end.


12/23

Sales Pitch - Scenario 4

SME Business Customers: Target group Small TimeTrader/Wholesalers

Does business on a daily basis in cash

Carries the money up down everyday


Freedom Card can be loaded with the cash and

withdrawn whenever required Safer mode for carrying cash


13/23

Sales Pitch Scenario 5Management of House Expenses: Target Group

Housewives

Monthly house expense can be reloaded on the card


Keep control of expenses Forms a tool for budgeting as expenses can be

tracked with help of statements

Add on Card can also be given to wife who can shopfrom Big Bazar, Malls etc.

Cash back offer of 5% and maximum amount ofRs.250 from VISA upto 15th April,2012 on VISAoutlets

Style Statement amongst peer group


14/23


Utility Payment: Target group - Regular customers atICW outlets

Customers who come to the outlets for payments ofenergy bills/travel bookings/mobile recharge/air

booking/DTH


Customer can use the Card to pay the bills at his end

or use the services of ICW to help him pay the bill forhim.


15/23

Features: Easy to Acquire


16/23

Issuance Process: ICW End

Main Menu


17/23

Royal Sundaram Alliance Insurance CompanyLimited First private insurer in the country to belicensed post privatization in 2001.

Insurance Features available with Freedom Card

Lost Card Insurance

Personal Accident Insurance

Health Insurance (Self and Spouse)

Royal Sundaram GeneralInsurance:Freedom Card


18/23

Insurance

* Premium Amount is subject to change

Freedom Card: Fee Structure


19/23

*Charges are subject to change



20/23

*Charges are subject to change



21/23

C documents : Photo Identity ProofID Proof documents

UID / Adhaar Letter

Voter ID Card

Valid Passport Photo Ration Card (for the head of the family only)

ID Card issued by defence authorities, State & central government, PSUcompanies, Public limited companies, schools & colleges (for students)

Senior Citizen Card (Issued by State Government)

Pass Book with photo attested by the bank

Letter from scheduled bank (format specified)

Valid Photo debit / credit card

Letter with attested photo by collector / tehsildar / magistrate

Letter from village pradhan / block development officer

NREGA Card (Job card issued by Mahatma Gandhi National Rural

Employment Guarantee Scheme) Social Security Card issued by State Government

Signature Proof documents

ID proof documents with customer signature

Confirmed as Signed in my presence (by BC)


22/23

C documents : Address Proof Voter ID Card

Valid Passport

Ration Card

Bank statement for last 3 months

Gas receipt (cylinder receipt) (any 1 in last 3 months)

Utility bill Gas, Electricity, Telephone, Mobile (any 1 in last 3 months)

Life insurance policy certificate / Premium due notice (last 3 months)

Registered lease agreement or Notarised unregistered lease agreement

Senior Citizen Card (Issued by State Government) Bank Pass Book last 3 months entries (including cooperative banks)

Letter from scheduled bank (format specified)

Credit card statement latest 1 month

Letter from village pradhan / block development officer

NREGA Card (Job card issued by Mahatma Gandhi National RuralEmployment Guarantee Scheme)

Letter from relative (with ISA of relative & NOC)

Latest house tax receipt from municipal office

PAN allotment / intimation letter (< 2 years) (not ok if ID proof is PAN)


23/23

Thank You