Kochi, Apr 4 (KNN) Federal Bank, a leading private sector bank in India, has introduced Fed StarBiz, a new business credit card tailored to meet the financial needs of SME customers.
This innovative card has been launched in collaboration with NPCI and Visa, reinforcing the bank’s commitment to supporting India’s growing business ecosystem.
Fed StarBiz marks Federal Bank’s entry into the business and commercial credit card segment, providing SME customers with enhanced financial flexibility and security.
Available in both RuPay and Visa variants, the card links seamlessly with Overdraft (OD) and Cash Credit (CC) accounts, ensuring a unified financial experience for businesses.
The credit card offers seamless OD/CC integration, allowing businesses to link directly to their existing accounts with credit limits up to Rs. 50 Lakh.
With high transaction limits, cardholders can make transactions up to Rs. 3 Lakh per day or up to the available limit on their underlying account.
Advanced security measures such as state-of-the-art tokenization and encryption technology ensure safe and secure transactions.
Financial management is streamlined, as all transactions made using Fed StarBiz reflect directly in the OD/CC accounts, eliminating the need for separate statements and simplifying reconciliation.
Moreover, with extensive merchant acceptance across India, backed by RuPay and Visa, businesses can conduct transactions seamlessly nationwide.
Shalini Warrier, Executive Director at Federal Bank, emphasized, “SME customers play a crucial role in India’s economy. Fed StarBiz is designed to provide financial flexibility and security, empowering businesses to thrive.”
Rajeeth Pillai, Chief of Relationship Management at NPCI, highlighted RuPay’s extensive acceptance network and security features, while Rishi Chhabra, Country Manager at Visa India, reaffirmed Visa’s commitment to providing seamless payment solutions.
Federal Bank is set to expand its business banking offerings further, with more specialised payment solutions expected in 2025.
(KNN Bureau)
