Visa debit cardholders can withdraw an amount of up to Rs1,000 in a day at any Barista Lavazza outlet
Restaurant chain Barista Lavazza said it has tied-up with Visa to launch a new facility at its outlets which will enable customers to withdraw money.
"As per Reserve Bank of India guidelines, Visa debit cardholders can withdraw an amount of up to Rs1,000 in a day at any Barista Lavazza outlet," the company said in a statement.
This will enable all Visa debit cardholders to not only pay for their coffee and snacks but also withdraw cash at over 170 outlets located across the country, it added.
There will be no charges levied on the card-holder for the cash withdrawal transaction.
"Further, cardholders are not obliged to make a purchase to get cash. The service is currently rolled out in Delhi NCR and Mumbai. It will be extended to other parts of the country over the next few weeks," the statement said.
As part of this association, Barista Lavazza is also offering up to 30% discounts on customised meal deals to all Visa Debit cardholders.
Edelweiss Fixed Maturity Plan-91 days-Series 1 will mature on 5 September 2011
Edelweiss Mutual Fund said it has collected over Rs107 crore during the new fund offer period of its maiden FMP viz., Edelweiss Fixed Maturity Plan-91 days-Series 1. The scheme will mature on 5 September 2011 and it is benchmarked against the CRISIL Liquid Fund Index, a company statement said.
The scheme, which closed on 6 June 2011, will under normal market conditions generate regular income through investments in debt and money market instruments maturing on or before the maturity date of the scheme. Income may also be generated through the amortisation of discount on debt instruments, or the purchase and sale of securities in the underlying portfolio, the release said.
Sundaram Mutual Fund new issue closes on 10th June
Sundaram Mutual Fund has launched Sundaram Fixed Term Plan-BC, a close-ended income scheme.
The objective of the scheme would be to generate income with minimum volatility by investing in debt and money market securities, which mature on or before the maturity of the scheme.
The new issue closes on 10th June. The minimum investment amount is Rs5,000.
CRISIL Short term Bond Fund Index is the benchmark index.