Friday, June 14, 2024

IRCTC partners with HDFC Bank to launch India’s most rewarding co-branded travel credit card

Indian Railway Catering and Tourism Corporation Ltd (IRCTC), the public sector undertaking under the Ministry of Railways, and HDFC Bank, India’s largest private sector bank today announced a partnership to launch one of India’s most rewarding co-branded travel credit cards. Known as the IRCTC HDFC Bank Credit Card, the newly launched co-branded card is in a single variant and is available exclusively on NPCI’s Rupay network.

It will provide exclusive benefits and maximum savings on bookings of train tickets booked
through the IRCTC’s ticketing website and through IRCTC Rail Connect app. Additionally, IRCTC HDFC Bank Credit card holders will enjoy an attractive joining bonus, discounts on bookings and access to the several executive lounges at railway stations across the country.

The card combines the strength of two leading Indian brands to deliver superior value and an enhanced customer experience to travellers. It will leverage HDFC Bank’s expertise as
the market leader in card issuance in the country, offering its best-in-class rewards programme, and IRCTC’s unmatched services on train travel.

The credit card was launched by Ms. Rajni Hasija, Chairman & Managing Director, IRCTC,
Mr. Parag Rao, Group Head – Payments, Consumer Finance, Digital Banking and IT, HDFC
Bank and Ms. Praveena Rai, COO, NPCI at a launch ceremony held at New Delhi.

Commenting on the association, Ms. Rajni Hasija, Chairman & Managing Director, IRCTC said, “HDFC Bank is among the largest and most trusted banks in the country. We are delighted to partner with them for this initiative. The co-branded card offers exclusive access to newly opened state-of-the-art lounges available at most of the major railway stations. The credit card will help to streamline online transactions and at the same time offer best-in-class benefits as well as experience to our customers.”

Parag Rao, Group Head – Payments, Consumer Finance, Digital Banking and IT, HDFC Bank said, “HDFC Bank is committed to providing best-in-class banking services to the nation. The IRCTC HDFC Bank Credit Card will enable us to offer our card to millions of Indians across the country. Indian Railways is one of the biggest public sector enterprises in the country and we are delighted to be the first private sector bank to partner with IRCTC to enhance customer experience for train travellers, right from the time of booking their
tickets.As the largest card issuer in the country, it is our endeavourconsistently to find new
ways to nurture and support the payments ecosystem in India.”

Ms. Praveena Rai, Chief Operating Officer – National Payments Corporation of India said, “At RuPay, we have customers at the heart of all our offerings & innovations. We are happy to partner with IRCTC & HDFC Bank for a cobranded credit card which will offer seamless payment convenience and appealing benefits to customers for rail travel as well as their shopping needs. With RuPay Credit Cards now enabled on UPI for payments, this cobranded card will provide impetus to further adoption and reach of digital payments across India.”

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