Bangalore-headquartered Vijaya Bank today launched a new variant of its debit card product called

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V-Insta Debit card.

This is one of the variants of its Alternate delivery channel products and issued in association with VISA international.

The bank's CMD, H S Upendra Kamath, said: "The future days of banking will be 'Green Banking' (paper less banking) using advanced safe and secure payment delivery channels wherein customer can transact at his convenience i.E simple, smart and economical banking at their touch points".

The bank's Executive Director Shubhalakshmi Panse said V-Insta debit card would act as a one stop solution for cash withdrawals, purchase, travel, utility payments and shopping.

The V-Insta Debit card, valid for 10 years, provides customers an instant debit card on opening the account that can be used for cash withdrawals at any ATMs throughout the world as well as merchant locations globally.

The daily limits for cash withdrawal is Rs 30,000 and for merchant transaction Rs 25,000.

It would soon be enabled for usage online, the bank said.

With the new product, the bank aims to add an additional 10 lakh cards so as to reach a card base of 25 lakh in the current financial year.