HDFC Bank marks Teacher’s day with new ‘Teacher's Credit Card’

HDFC Bank marks Teacher’s day with new ‘Teacher's Credit Card’India's HDFC Bank has marked the Teacher's Day with the launch of its new Teacher's Credit Card, which comes with several reward point options.

The bank is offering several reward points, weekend bonanza points, a waiver on petrol surcharge and 500 teacher's day special gift reward with the new Teacher's Credit Card, it said in a statement. The bank also said that it is the largest issuer of edit cards in the country with a customer base of 5.60 million as of March 31, 2012.

Experts believe that the education sector in India is massive with more than 450 million students and growth rates of 10-15 per cent expected over the coming decade. This offers a great opportunity to the banks to tap into the lucrative market.

Parag Rao, senior executive vice president, business head, credit cards & merchant acquiring services, HDFC Bank said, "Like the doctor's credit card that we launched recently, HDFC Bank's Teachers Credit Card is a small token of appreciation towards lakhs of teachers across India who play a pivotal role in shaping the lives of millions of children."