BOB Financial Solutions Limited (BFSL), a fully owned subsidiary of Bank of Baroda (BoB), and Indian Railway Catering and Tourism Corporation Ltd (IRCTC) have collaborated to develop the IRCTC BoB RuPay Contactless Credit Card which is particularly designed to provide regular train travellers with amazing benefits. Holders of IRCTC BoB RuPay Contactless Credit Card will receive numerous rewards while buying in other categories ranging from grocery to fuel. Cardholders can also use this card to make purchases at overseas merchants and ATMs that are part of the Japan Credit Bureau (JCB) network.

Cardholders of IRCTC BoB RuPay contactless credit card will be able to earn up to 40 reward points ( ₹100 spent) on 1AC, 2AC, 3AC, CC, or EC bookings made through the IRCTC website or mobile app.

The card also offers a 1% transaction fee waiver for the customers on all their train ticket bookings. Customers making a single purchase worth ₹1,000 or more within 45 days of card issuance will get 1,000 bonus reward points.

The co-branded credit card will offer 4 reward points ( ₹100 spent) on grocery and departmental stores and 2 reward points on other categories. Cardholders will be entitled to 4 complimentary visits per year at partner railway lounges. The card will also offer 1% fuel surcharge waiver across all petrol pumps in India.

The cardholders will be able to redeem the accrued reward points on the IRCTC website and mobile app, after linking their Loyalty Number (printed on the co-branded credit card) with their IRCTC login ID.

At the launch of the card, NPCI Chief Operating Officer Praveena Rai said there are more than 6.6 crore users on IRCTC and many of them are frequent travellers.

“And, there are more than 7-7.5 lakh ticket bookings on a daily basis on IRCTC. This is an opportune time to launch this card as we come back to normal travel after two years of low travel.

“We are really looking forward to getting the benefit from this proposition. We are really looking significantly towards moving on to RuPay credit cards now,” Rai added.

She said the indigenously developed card payments technology platform RuPay is unique in the sense that it covers the entire length and breadth of the country, and there is a premium to mass level to the bottom of the pyramid customers who use the RuPay cards.

IRCTC Chairman and Managing Director Rajni Hasija said, “IRCTC has rich experience in offering its customers with such co-branded cards and has a tie-up with another public sector bank to offer its loyalty program to its customers.”

Hasija added that the recent collaboration with BOB Financial in launching IRCTC BoB RuPay Contactless Credit Card is another landmark step towards the promotion of the indigenous RuPay payment platform and realising the vision of Digital India of Prime Minister Narendra Modi.

BFSL Managing Director and CEO Shailendra Singh said, “The card will offer uninterrupted payment convenience and benefits to customers for rail travel as well as all other shopping needs.”

He added that the company also expects the co-branded card to act as a catalyst for further adoption of digital payments in deeper geographies, helped by the presence of both the railway network as well as BoB branches.