Launches OD and Cash Credit Linked Corporate Credit Card

Code BSE: 532187 NSE:

Commentng on the launch, Jagdeep Mallareddy, Executive Director IndusInd Bank said: “Businesses today, are looking for smarter, more integrated financial solutions that simplify operations, while offering greater control over cash flows. IndusInd Bank’s OD/CC linked Corporate Credit Card addresses this need by seamlessly extending the utility of sanctioned working capital limits into payments, driving higher operational efficiency for businesses. This launch reflects the Bank’s continued focus on leveraging digital capabilities to deliver innovative solutions that empower businesses and MSMEs to scale with confidence.” Key features of the card include: a) Direct linkage to OD/CC account - enabling real-tme utlizaton of sanctoned limits b) No separate credit limit or billing cycle - simplifying cash flow tracking c) Strong transaction controls - enabling card holders to set/modify daily transaction limits anytime d) Centralized expense management - aiding beter control and transparency e) Operational efficiency - by reducing manual processes and reconciliation efforts f) Flexible usage - for routine business expenses, vendor payments, and operational spends