ESvarna | UPSC

ESvarna mind map
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Launched by IndusInd Bank
Date
December 26th, 2023
First Corporate Credit Card
On RuPay network in India
UPI-enabled Credit Card
Offers exclusive rewards
Benefits to corporate clients
Smooth transactions
At merchant outlets
Flexibility
Make UPI payments
Link with UPI-enabled apps
Who
IndusInd Bank
Introduction
IndusInd Bank eSvarna
India's first Corporate Credit Card
On RuPay network
NPCI
National Payments Corporation of India
Incorporated in 2008
Retail payments and settlement systems
Products
RuPay card
IMPS
UPI
BHIM
BHIM Aadhaar
NETC
Bharat BillPay
What
IndusInd Bank eSvarna Card
Services
Designated Relationship Manager
E-Statements
Consolidated Payment
4th Line Embossing
Dedicated Customer Service
Features
Corporate Card on UPI
Complimentary Airport Lounges
Fuel Surcharge Waiver
Insurance Coverage
Benefits
Luxurious travel experience
Lounge access
Fuel surcharge waiver
Comprehensive travel insurance
Rewards program
Business transactions
Exclusive Benefits
Dedicated relationship manager
Travel benefits
Individual/consolidated statements
Company name embossed on card
Link to UPI application
Google Pay, Paytm, PhonePe, etc.
Card Features
8 Free Visits Each Year
International Lounge Access
2 Visits Each Year
Comprehensive Insurance
Zero Liability Protection
Cardholder Not Liable for Fraudulent Transactions
If Reported Lost or Stolen Timely
Foreign Currency Markup
3.5%
Interest Rates
Nil
Fuel Surcharge
1% Waiver on Spends Between Rs. 400 to Rs. 4,000
Cash Advance Charges
3.35%
Pros/Significance
Facilitates seamless transactions
Enhanced control over corporate expenses
Exclusive perks for corporate clients
Offers UPI functionality integration
Convenient for corporate travellers
Complimentary lounge access
Fuel surcharge waiver
Comprehensive insurance coverage

The eSvarna Corporate Credit Card by IndusInd Bank, launched on December 26th, 2023, is India’s first corporate credit card on the RuPay network. It integrates UPI functionality, allowing for smooth transactions at merchant outlets and flexibility to make UPI payments. The card offers exclusive rewards, including luxurious travel experiences, lounge access, fuel surcharge waivers, and comprehensive travel insurance. It is designed to provide enhanced control over corporate expenses and convenience in managing business transactions. The card also offers services like a dedicated relationship manager, consolidated payment options, and the option to emboss the company’s name on the card.