On December 27, 2023, IndusInd Bank introduced a groundbreaking corporate credit card named eSvarna, operating on the RuPay network. This marks a significant milestone as it stands as India’s inaugural corporate credit card allowing integration with UPI apps for convenient payments. Specifically tailored for frequent business travelers, the card presents an array of features to enhance the overall experience.
Facilitating seamless transactions at both physical and digital merchant outlets, the eSvarna RuPay corporate credit card distinguishes itself by allowing linkage with any UPI payment app. This feature sets it apart, considering that the capability to link credit cards to UPI is currently exclusive to RuPay cards as per RBI regulations. Consequently, the eSvarna card combines the ease of UPI payments with the added benefits of credit card rewards and protections.
Benefits Of The Card
Catering to the needs of discerning business travelers, the card extends exclusive privileges and value-added benefits. These include complimentary access to domestic and international airport lounges up to 10 times annually, providing a space for relaxation during travels.
Furthermore, comprehensive travel insurance covering passport issues, baggage delays, flight cancellations, and accidents adds an extra layer of security. For those with high business mileage, the 1% fuel surcharge waiver, up to ₹4000, helps manage expenses effectively.
Security Features
Security features play a pivotal role in the eSvarna card’s design. With a focus on safeguarding against unauthorized transactions, it offers a ₹15 lakh lost card liability insurance in case of loss or theft. Additionally, users benefit from complete insurance protection in the event of card credential compromise, providing reassurance for secure and convenient use during regular business expenses.
Offering a hassle-free experience, eSvarna sets itself apart by having no joining or annual fees, maximizing its overall value. The card also ensures business-focused rewards for daily transactions. Leveraging the reliability of the RuPay network, it combines widespread acceptance with convenience at most merchant outlets throughout the country.
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