Punjab National Bank (PNB), and Patanjali Ayurved Limited (PAL) have launched co-branded contactless credit cards in partnership with the National Payments Corporation of India (NPCI).
The credit cards are offered on NCPI’s RuPay platform and are available in two variants – PNB RuPay Platinum and PNB RuPay Select. The cardholders may enjoy cashback at 2% for transactions over and above Rs 2,500, subject to a ceiling of Rs 50 per transaction at Patanjali stores.
Additionally, customers will get complimentary domestic and international airport lounge access, PNB Genie Mobile Application for card management, addon card facility, reward points on spending, along with cash advance/revolve, EMI, and auto-debit facilities. Platinum and Select cards come with insurance cover of Rs 2 lakh and Rs 10 lakh respectively for accidental death and personal total disability. Platinum card offers a credit limit of Rs 25,000 to Rs 5 lakh and Select card Rs 50,000 to Rs 10 lakh.
Praveena Rai, COO, NPCI said, “We are pleased to associate with Punjab National Bank and Patanjali Ayurved for the launch of co-branded RuPay contactless credit cards. Being a modern, contemporary, youthful and differentiated brand, RuPay endeavours to create innovative offerings for seamless payment solutions for our customers as a way of life. We at NPCI are constantly working towards making digital payments easier and safer for customers with RuPay. We are optimistic that this strategic collaboration will provide further impetus to RuPay’s growth journey in the credit cards segment.”
