Co-branded contactless RuPay credit cards introduced by BOB and Nainital Bank

The Nainital Bank-BoB co-branded Contactless RuPay Credit Card has been launched, according to BOB Financial Solutions Limited (BFSL), a wholly-owned subsidiary of Bank of Baroda and Nainital Bank, which was founded by Bharat Ratna Pt. Govind Ballabh Pant in 1922 and has been under Bank of Baroda management since 1973. The card, which is being introduced in Nainital Bank’s centennial year, is intended to reward users for everyday spending categories including groceries and department stores.

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KEY POINTS:

• Spending on groceries, department stores, and movies will earn cardholders of Nainital Bank – BoB RuPay Contactless Credit Card 5X, or 5 reward points (every Rs. 100 spent).
• Cardholders will receive one reward point for every Rs. 100 spent on any other purchases. Additionally, cardholders will gain access to a 1% Fuel Surcharge Waiver while buying fuel.
• Additionally, the co-branded credit card provides free Personal Accidental Death insurance. The card is available with no application fee and a little yearly fee that is waived on expenditures of Rs. 25,000 annually. Customers can apply utilising a 100 percent digital method to ensure rapid and easy acquisition of the co-branded card.
• Spending on groceries, department stores, and movies will earn cardholders of Nainital Bank – BoB RuPay Contactless Credit Card 5X, or 5 reward points (every Rs. 100 spent).
• Cardholders will receive one reward point for every Rs. 100 spent on any other purchases. Additionally, cardholders will gain access to a 1% Fuel Surcharge Waiver while buying fuel.
• Additionally, the co-branded credit card provides free Personal Accidental Death insurance. The card is available with no application fee and a little yearly fee that is waived on expenditures of Rs. 25,000 annually.
• Customers can apply utilising a 100 percent digital method to ensure rapid and easy acquisition of the co-branded card.

Important Takeaways For All Competitive Exams:

• MD & CEO, Nainital Bank: Mr. Dinesh Pant
• MD & CEO, BFSL: Mr. Shailendra Singh
• Chief Relationship Management and Marketing, , NPCI: Mr. Rajeeth Pillai

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