April 16: Laxmi Bank has started the New Year 2075 by providing cash-back offer for all of its Visa card holders. All customers who use Visa cards to make payment at POS terminals and/or online merchants will get flat 10 percent cash back, the bank said in a statement. Laxmi Bank said this offer has been introduced for promoting cashless economy by encouraging digital payments and card use.

Visa card holders who use their card three times or more during the scheme period from April 15 to May 15 will be eligible for the cash back offer. They will receive 10 percent cash back of their transaction amount, up to a maximum of Rs 1,000 per card.

Card transactions of any amount made both here in Nepal and India will be eligible under this scheme said the bank. The cash back amount will be credited to their respective bank account or credit card account at the end of the scheme period.

Further, the bank is also providing additional offer to all new savings account opened during the scheme period. New account holders will receive “e-Banking Package” for free for four years worth Rs 1,000 which includes Visa Debit Card along with other auxiliary services such as mobile and internet banking.