Kotak Mahindra Bank Partners with NPCI to Launch Credit Cards on RuPay | AFN News

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Kotak Mahindra Bank Partners with NPCI to Launch Credit Cards on RuPay

Posted on October 28, 2021

  • Kotak’s first credit card on the RuPay network is the “Veer” credit card, specially designed for the Indian armed forces – army, navy and air force
  • Kotak RuPay Veer Platinum and Kotak RuPay Veer Select credit cards offer a host of benefits to users, such as zero membership fees, fuel and rail surcharge waivers, etc.

Bombay: Kotak Mahindra Bank (KMBL) and the National Payments Corporation of India (NPCI) today announced that they have teamed up to launch Kotak credit cards on the RuPay platform. During the 75th year of India’s independence, the first credit card introduced by KMBL on the RuPay network is the “Veer” credit card, exclusively for the armed forces.

The Kotak RuPay Veer credit card is available in two variants. Kotak RuPay Veer Platinum and Kotak RuPay Veer Select credit cards are specially designed to meet the needs of those who have dedicated themselves to the service of the nation i.e. the country’s armed forces – Army, Navy and Force Aerial. These contactless cards have no membership fees and offer many great benefits to cardholders.

Ms Praveena Rai, COO, NPCI said, “We are delighted to partner with Kotak Mahindra Bank for the issuance of RuPay credit cards. The Kotak RuPay “Veer” Credit Card for the Armed Forces will provide a secure, fulfilling and contactless shopping experience for our uniformed personnel and their families. We look forward to a long term association with Kotak and together continue to organize personalized RuPay cards tailored to customer needs and requirements. “

Mr. Ambuj Chandna, President – Consumer Goods, Kotak Mahindra Bank said, “The RuPay payment network has grown tremendously over the past few years and we are delighted to partner with NPCI and launch Kotak credit cards on the RuPay platform. Our first bundle offer is also very special – the “Veer” credit card designed exclusively for our Indian armed forces. The credit card industry in India is poised to grow exponentially and we are delighted to start a new partnership with RuPay as we strive to meet the needs of the evolved Indian consumer.

Some of the features and benefits of the offered Kotak RuPay Veer credit card include fuel surcharge and rail surcharge waivers, card activation offer, annual fee waiver, attractive rewards program, and lounge access. the airport.


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