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Lakshmi Vilas Bank in India announced Friday its Visa Debit Gold Card offering for its premier customers. The card has a transaction limit of Rs 50,000 at the ATM and Rs 1,00,000 at point of sale terminals, according to Money Control.

"There was a persistent demand from customers for a higher transaction limit on the ATM and point of sales, and with the introduction of this facility, this demand has been addressed," bank officials said in a statement.

Lakshmi Vilas Bank has more than 1.7 million accounts throughout its 274 branches across 15 states and one union territory, and an ATM network of more than 205.

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