· The
specially curated co-branded credit card with Indian Navy has been launched as
a contactless offering on the RuPay network.
·
The
co-branded credit card will be offered in 3 variants to the Indian Navy
personnel; each variant comes with unique features and benefits.
Mumbai, 24 December 2021: BOB Financial Solutions Limited (BFSL),
a wholly owned subsidiary of Bank of Baroda (BoB) and Indian Navy have launched
a co-branded credit card for the personnel of Indian Navy. The co-branded
credit card will be equipped with contactless features and will be offered on
the RuPay platform.
The Indian Navy personnel up to the age
of 64 years will be eligible to choose from 3 variants of the co-branded credit
card. While the base variant will be offered as a Life Time Free (LTF) credit
card, the other two variants will be offered at very attractive joining and
annual fees, with attractive welcome gifts and easily achievable spend-based
fee reversal/waiver. As an introductory offer, the joining fee will be waived
off for applications in the first three months from launch. The top variant
will offer unlimited complimentary domestic airport lounge access and reduced
markup on international spends.
All 3 variants will offer attractive
base and accelerated reward points. Features like Personal Accident insurance,
1% Fuel Surcharge Waiver, LTF Add-Ons, EMI offers and periodic merchant offers
through tie-ups done by BOB Financial as well as NPCI will also be applicable
to all 3 variants.
Speaking on the occasion, Commodore
Neeraj Malhotra, Indian Navy said “Indian Navy is appreciative of the
products and solutions offered by Bank of Baroda to the Officers and Sailors of
Indian Navy. We thank BFSL for incorporating all features and benefits
requested, so that the personnel of Indian Navy will be able to make use of the
everyday convenience and benefits that the co-branded credit card promises to
deliver”
Talking about the launch, Mr.
Shailendra Singh, MD & CEO, BFSL said, “We are honored and pleased to
partner Indian Navy. The uniquely designed credit cards will offer
uninterrupted payment convenience and comfort to the personnel of Indian Navy. This
partnership is also a showcase of Bank of Baroda’s commitment towards serving
the Indian Armed Forces by offering different banking solutions.”
Ms. Praveena Rai, COO, NPCI said, “We are delighted to associate with BOB
Financial to facilitate the issuance of co-branded credit cards on the RuPay
platform for the Indian Navy personnel. Through this partnership, we are
looking forward to empowering the Indian Navy personnel as well as their near
and dear ones with a secure, contactless and fulfilling payment experience.”
About BOB Financial Solutions Limited
BOB Financial Solutions Limited was established
in the year 1994. It is a Non-Banking Financial Company, wholly owned by Bank
of Baroda. The Company’s primary business is in credit cards with its key
differentiator being simple, easy-to-understand products that are fairly priced
and efficiently serviced. A pioneer in the space of credit cards, BOB Financial
offers an array of products catering to all segments of customers. It is leveraging
state-of-the-art technology to provide unique payment solutions to its
customers.
For more information, visit www.bobfinancial.com
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