|
The benefits offered by this product
are as follows |
|
For the employers: |
|
● |
Salary transfer card takes away all
the intensive administrative and
procedural activities involved in cash
handling |
|
● |
Consequently, it brings down the costs
associated with the distribution |
|
● |
It
reduces the risks of cash loss/theft
|
|
● |
It
also eliminates the costs associated
with insuring the risk |
| |
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For the employees (customers): |
|
● |
The card provides them the advantages
of access to banking technology like
ATMs, Point of Sale (POS) based
purchasing etc. |
|
● |
No
minimum balance charges required
unlike a regular banking account |
|
● |
No
additional cost of transactions for
ATM cash withdrawal (Bank Muscat ATMs
only) or POS usage |
|
● |
Cash loss and theft risks associated
with physical cash handling would be
reduced |
