“The co-branded card offers exclusive access to newly opened state-of-the-art lounges at most major railway stations. The credit card will help streamline online transactions and at the same time provide best-in-class benefits and experience to our customers,” said Rajani Hasija, Chairman and Managing Director, IRCTC.
HDFC aims to offer the card to millions of Indians across the country. Indian Railways is one of the largest public sector organizations in the country. HDFC Bank is the first private sector bank to partner with IRCTC to provide a better customer experience to train passengers right from the time of ticket booking.
NPCI said it is pleased to partner with IRCTC and HDFC Bank for a co-branded credit card. This credit card offers hassle-free payment facility and attractive benefits to customers for their rail travel and shopping needs.
As NPCI RuPay credit cards are now UPI-enabled for payments, this co-branded card will drive the adoption and reach of digital payments across India.
RBI had banned the bank from issuing new cards in December 2020 due to repeated technical glitches. The restriction was lifted in August 2021 after the RBI was satisfied with the actions taken by the bank to address the issues it was facing. The biggest gainer during the period was ICICI Bank, which added over four million credit cards between November 2020 and July 2022. Followed by SBI Card (3.24 million cards), Axis Bank (3.05 million cards).
Read Latest Business News and Malayalam News
