BOB Financial and IRCTC Launch RuPay Co-Branded Contactless Credit Card

BOB Financial Solutions Limited (BFSL), a subsidiary of Bank of Baroda (BoB), and Indian Railway Catering and Tourism Corporation Ltd (IRCTC) have partnered to launch the IRCTC BoB RuPay contactless credit card.

BFSL explained that this card was specially designed to offer maximum savings to frequent train passengers.

Rajni Hasija, CMD, IRCTC said “IRCTC is extremely pleased and honored to partner with BOB Financial, a wholly owned subsidiary of Bank of Baroda – India’s third largest bank to introduce the new credit card co-branded contactless card on the RuPay platform in collaboration with the NPCI”.

Card users will also enjoy multiple benefits for shopping in other categories ranging from groceries to fuel. Cardholders can also use this card to transact at international merchants and ATMs through the JCB network.

Holders of the IRCTC BoB RuPay contactless credit card can earn up to 40 reward points, per Rs 100 spent, on 1AC, 2AC, 3AC, CC or EC bookings made through the IRCTC website or mobile app , explained BFSL in an official press release.

He further added that the card offers a 1% transaction fee waiver for customers on all their train ticket bookings. Customers making a single purchase worth Rs 1,000 or more within 45 days of card issuance will receive 1,000 bonus reward points.

The co-branded credit card will offer 4 reward points, for every Rs 100 spent, on groceries and departmental stores and 2 reward points on other categories. Cardholders will be entitled to four free visits per year to partner rail lounges. The card will also offer a 1% fuel surcharge waiver at all gas pumps nationwide.

Cardholders will be able to redeem reward points accumulated on the IRCTC website and mobile app, after linking their loyalty number (printed on the co-branded credit card) to their IRCTC login ID.

“The recent collaboration with BOB Financial to launch the IRCTC BoB RuPay contactless credit card is another historic step towards promoting the indigenous RuPay payment platform and realizing the Hon. Indian Prime Minister,” Hasija said.

“The value proposition of this card has great potential as well as an opportunity to be used among IRCTC’s vast customer base through its e-ticketing website www.irctc.co.in and mobile app ‘IRCTC Rail Connect’,” added Hasija. .

Commenting on the launch, Shailendra Singh, MD and CEO, BFSL said, “We are honored to partner with IRCTC for the co-branded credit card, in partnership with NPCI. The card will provide uninterrupted payment convenience and benefits to customers for rail travel as well as all other shopping needs.”

“We also expect the co-branded card to act as a catalyst for further adoption of digital payments in deeper geographies, aided by the presence of both the rail network and BoB branches,” he said. he adds.

Also Read: Bank of Baroda Q3: Net profit doubles to Rs 2,197 cr, NII up 14%

Also read: Bank of Baroda buys 99,000 shares of India Debt Resolution Co at Rs 10/share