Credits Cards worth of 25,000 by SBI

Hyderabad, December 11 : As we know that,Because of demonetization movement SBI will going to be planned to give the credit cards with worth of Rs.25,000. The Chief Executive of SBI Vijay jasuja says that,"The reason behind reduction of payments is not because of lack of money, lack of credit cards, when making a purchase is going to be the real problem".So, he decided to give the credit cards even though did n t have any credit history and they reserve some amount of money in their accounts.This process will be implemented in 2-3 months. Currently they are giving credit cards from 9 to 11 days. According to present situation they will reduce the number of credit cards to the customers.Generally, In previous days People are using 80% of cash and 20% of cards during transactions. Now,90% of cards and 10 % of cash are using for payments. After demonetization, The number of transactions and usage of cards are increased.They are targeted to increase the growth of 9-10 millions of cards in the span of one year",jasuja said.