IndusInd Bank Launches India’s First Rupay Credit Card with UPI Integration and Lounge Access

Key Takeaways:

1. India’s first corporate credit card on the RuPay network, eSvarna, has been launched by IndusInd Bank.

2. The card offers UPI integration, allowing users to link it with any supporting UPI app for transactions.

3. Cardholders can enjoy domestic and international airport lounge benefits, with eight domestic and two international complimentary lounge visits every year.

4. The eSvarna RuPay credit card provides a 1% fuel surcharge waiver at all fuel stations on transactions between Rs 400 and Rs 4,000.

5. There is no joining or annual fee for the eSvarna RuPay corporate credit card.

India’s First Corporate Credit Card on RuPay Network Launched

IndusInd Bank has introduced the ‘eSvarna’ corporate credit card on the RuPay network, claiming to be the first bank in India to do so. This innovative credit card offers several unique features, including the ability to link with any supporting UPI app for transactions, domestic and international airport lounge benefits, and more. The eSvarna RuPay credit card is designed to cater to business cardholders who frequently travel and require airport lounge access, offering comprehensive travel insurance coverage and an exclusive rewards program.

Key Features of eSvarna RuPay Credit Card:

1. UPI Integration: The eSvarna RuPay credit card can be linked with any supporting UPI app, allowing users to make UPI payments through the card.

2. Airport Lounge Access: Cardholders can enjoy eight domestic and two international complimentary lounge visits every year.

3. Fuel Surcharge Waiver: The card offers a 1% fuel surcharge waiver at all fuel stations on transactions between Rs 400 and Rs 4,000.

4. Lost Card Liability Insurance: The card provides insurance coverage for lost card liability up to a limit of Rs 15 lakh.

5. Comprehensive Travel Insurance: The card offers travel insurance coverage for loss of passport, ticket, baggage delay, missing connecting flight, and air accident death.

6. No Joining or Annual Fee: Presently, there is no joining or annual fee for the eSvarna RuPay corporate credit card.

Benefits for Business Travelers:

Corporate travelers can benefit from comprehensive travel insurance coverage and an exclusive rewards program.

The card is relevant for various business transactions and caters to the discerning lifestyle needs of Indian professionals and businessmen who travel extensively.

Limitations:

The Reserve Bank of India has enabled UPI on credit card functionality only for RuPay credit cards, thus Visa and Mastercard credit card holders cannot link their credit cards with a UPI app as of now.

This launch by IndusInd Bank positions them as the first in the country to integrate UPI functionality with a Corporate Credit Card, marking a significant milestone in the Indian banking sector.

FAQ:

Q1: What is the eSvarna RuPay credit card?

A1: The eSvarna RuPay credit card is a corporate credit card launched by IndusInd Bank on the RuPay network, offering unique features such as UPI integration and airport lounge benefits.

Q2: Who is the target audience for the eSvarna credit card?

A2: The card is targeted at business cardholders who frequently travel and require airport lounge access, offering comprehensive travel insurance coverage and an exclusive rewards program.

Q3: What are the key benefits of the eSvarna RuPay credit card?

A3: The card offers UPI integration, domestic and international airport lounge benefits, fuel surcharge waiver, lost card liability insurance, and comprehensive travel insurance coverage.

Q4: Are there any fees associated with the eSvarna RuPay credit card

A4: Presently, there is no joining or annual fee for the eSvarna RuPay corporate credit card.