It is a great move by Bank of India. I appreciate that and I am confident this is going to flood the non profit organization with lot and lot of people who are already undergoing hell lot of grevience with regard to thier unmanaged fund management and other spending due to the luring offers and facilities. I also would utilise this oppoutuntity to request the concerned authorities to take up the matter with the Credit card department of all the banks to make the Clauses simple and minimise the penalties and important of all make the statment more transparent and clear in clarifying the details of the interest commision etc in "3 or 4 rows" ( like SB A/C statment of banks ) instead of the present format of "single row". This is make the customer really understand the credit debit status of his card more effectively unlike in the present situation and this itself will help to bring down the defautlers at the initial stage itself to a very good extent. Wish u all the best for the successful continuance of this genuine efforts.
