BOB Financial & IRCTC Debuts RuPay Contactless Credit Card: Check Benefits Here

BOB Financial Solutions Limited (BFSL), a fully owned subsidiary of Bank of Baroda (BoB), and Indian Railway Catering and Tourism Corporation Ltd (IRCTC) have collaborated to develop the IRCTC BoB RuPay Contactless Credit Card which is particularly designed to provide regular train travellers with amazing benefits. Holders of IRCTC BoB RuPay Contactless Credit Card will receive numerous rewards while buying in other categories ranging from grocery to fuel. Cardholders can also use this card to make purchases at overseas merchants and ATMs that are part of the Japan Credit Bureau (JCB) network.

BFSL has said in an official statement that "Cardholders of IRCTC BoB RuPay Contactless Credit Card will be able to earn up to 40 reward points (per INR 100 spent) on 1AC, 2AC, 3AC, CC, or EC bookings made through the IRCTC website or mobile app. The card also offers a 1% transaction fee waiver for the customers on all their train ticket bookings. Customers making a single purchase worth INR 1,000 or more within 45 days of card issuance will get 1,000 bonus reward points."

This co-branded credit card will provide 4 reward points on every INR 100 spent made at supermarket and department store purchases and 2 reward points on all other purchases. Cardholders will be eligible for four complimentary visits to partner railway lounges per year. The card will also provide a 1% fuel surcharge waiver at all petrol pumps throughout India. By linking their Loyalty Number (printed on the co-branded credit card) with their IRCTC login ID, cardholders will be able to redeem their collected reward points on the IRCTC website and mobile app.

Ms. Rajni Hasija, CMD of IRCTC, stated during the event, "IRCTC is extremely pleased and honored to partner with BOB Financial, a wholly-owned subsidiary of Bank of Baroda - the third largest bank of India in presenting the new co-branded contactless credit card on RuPay platform in collaboration with NPCI. IRCTC has rich experience in offering its customers with such co-branded cards and has a tie-up with another public sector bank to offer its loyalty program to its customers. The recent collaboration with BOB Financial in launching IRCTC BoB RuPay Contactless Credit Card is another landmark step towards promotion of the indigenous RuPay payment platform and realizing the vision of Digital India of Hon'ble Prime Minister of India. IRCTC is happy to be instrumental in the fulfillment of this vision and we look forward to the resounding success of this card amongst our customers. The value proposition on this card presents a great potential as well as opportunity to be utilized among the vast customer base of IRCTC through its e-ticketing website www.irctc.co.in and Mobile App 'IRCTC Rail Connect."

Mr. Shailendra Singh, MD & CEO of BFSL, spoke about the inauguration that "We are honored to partner IRCTC for the co-branded credit card, in partnership with NPCI. The card will offer 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, helped by the presence of both the railway network as well as BoB branches."

Ms. Praveena Rai, COO of NPCI, stated at the unveiling: "We are delighted for RuPay's Contactless Credit card launch by BOB Financial in partnership with IRCTC. This card will enable customers to save on their railway journey and to earn reward points on spending in other categories. With RuPay, we aim to offer customised value propositions backed by cutting-edge technology to provide a rewarding experience to millions of customers. We are confident that this launch is a step ahead to make RuPay the preferred credit card for India."