Central Bank of India partners up with NPCI to launch RuPay Business Platinum Debit Card
- ByTejika Bajaj | December 30, 2021
The Central Bank of India (CBoI) has recently partnered up with the National Payments Council of India (NPCI) to launch its very own CBoI RuPay Business Platinum Debit Card. The new product offering is a tailor made service being offered to firms and corporates.
The debit card would enable companies to support their businesses financially along with several other additional benefits.
An official statement made by the financial institution revealed that, the benefits include ATM withdrawal limit of Rs 1 lakh with a purchase of up to Rs 3 lakh at point of sale (POS) or e-commerce portal, withdrawal of Rs 75,000 at ATMs abroad, global purchases of up to Rs 3 lakh at POS and international online merchants.
Customers using the CBoI RuPay Business Platinum Debit Card will also get a purchase protection coverage of Rs 2 lakh and accidental death and air accident coverage worth Rs 10 lakh and Rs 20 lakh, respectively.
Expressing his views on the launch of RuPay Platinum Debit Card, Rajeev Puri, Executive Director of Central Bank of India stated, “We are glad to launch our card on RuPay platform which is also the 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 users 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 partners.”
Users of the card will also get reward points on every purchase besides access to domestic and international airport lounges twice per quarter and two times a year, respectively.
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