Central Bank of India (CBoI) has partnered with the National Payments Corporation of India (NPCI) to launch a tailor-made offering for firms/corporates – ‘Central Bank of India RuPay Business Platinum Debit Card’.
The card offers an ATM withdrawal limit of Rs 1 lakh along with a purchase of up to Rs 3 lakh at POS or E-Commerce, to its users. They can also withdraw up to INR 0.75 lakh at ATMs abroad and perform purchases globally worth up to Rs 3 lakh at POS and international online merchants.
Besides Purchase Protection coverage of Rs 2 lakh, customers using this card will get accidental death and air accident coverage worth Rs 10 lakh and Rs 20 lakh respectively. The CBoI RuPay Business Platinum Debit Cardholders will be able to earn reward points on every purchase. The users of this card will also have access to domestic and international airport lounges twice per quarter and two times a year, respectively.
Rajeev Puri, Executive Director, Central Bank of India said, “We are glad to launch our card on RuPay Platform which is also first of its kind of product of NPCI with any Bank. The Premium Card will not only give a rich and enhanced experience for Business uses but it will also help cardholders in maintaining her/his personal and business accounts separately. This will also enable digital footprints to various Business/MSME customers.
Praveena Rai, COO, NPCI said, “We are pleased to associate with the Central Bank of India for the launch of a special offering for self-employed customers. We believe the contactless CBoI RuPay Business Platinum Debit Card will help customers smoothly address their businesses’ operational requirements on the back of several features and benefits. We are glad to witness RuPay not only offering a delightful shopping experience to the customers but also empowering firms and companies with tailor-made solutions for their day-to-day business needs. Our association with CBoI is a step ahead to make RuPay the most preferred payment mode among the citizens of the country.”
NPCI is focused on bringing innovations in the retail payment systems through the use of technology and is relentlessly working to transform India into a digital economy. It is facilitating secure payments solutions with nationwide accessibility at minimal cost in furtherance of India’s aspiration to be a fully digital society.
