Which banks issue 7 million credit cards?

In early July of this year, in order to increase the purchasing power of different segments of society and improve the process of financing the production chain, the Central Bank issued a procedure for issuing welfare cards and financing the production chain to five banks: “Melli Iran”, “Mellat” and “Saderat Iran”. , “Trade” and “Workers’ Welfare” announced that according to each of the named banks can at least 200,000 cards for all individuals up to seven million tomans, including holders of justice shares who have not yet owned any of their shares They are not sold and all heads of households who receive at least one of the cash or livelihood subsidies, with an individual ceiling equal to seven million tomans.

In this regard, justice stocks based on the valuation of a maximum of 60% of the daily price of the shares (according to the Central Depository and Settlement Company) and cash and livelihood subsidy accounts according to the subsidy targeting organization and taking into account deductions related to loan installments Previously paid can be taken from the customer as acceptable collateral.

Also, the repayment period of the credit granted at the discretion of the bank is a maximum of 18 months. Money transfer from this card is not allowed.

In addition, the interest rate of the welfare card facility is 18% and the repayment period is 18 months. Taking into account the interest of one million and 200 thousand tomans on the amount of seven million welfare card, each recipient of this card must pay approximately 458 thousand tomans per month.

On the other hand, according to the director of the Central Bank Credit Department, at the time of issuing this circular, only Bank Melli has started the project as a preliminary plan and other operating banks will be able to provide welfare cards within the next two weeks. Applicants.

ISNA’s latest follow-up from the Central Bank also indicates that this circular has been communicated to all five banks, but some of them issue or do not issue this credit card based on their executive policy.

Now, more than three months later, field observations from the five credit card banks indicate that only two national and commercial banks issue the credit card. Of course, referring to another branch of Tejarat Bank indicated that the welfare card would not be issued due to lack of budget.

While both equity holders and heads of households receiving at least one cash or subsistence subsidy can receive the credit card, field observations from banks about the terms of the card indicate that only equity shares are eligible. Accept as collateral.

Also, one of the officials of Tejarat Bank branches announced that the repayment of the facilities of this credit card is 24 months, while according to the instructions of the Central Bank, the repayment period of the credit granted at the discretion of the bank is a maximum of 18 months.

Finally, the important point in this regard is that the process of obtaining a welfare credit card from the mentioned banks is completely absent, and applicants for receiving this from commercial and national banks should refer to the Emerald and Eva applications.

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