IndusInd Bank eSvarna Corporate Credit Card

IndusInd Bank introduces the eSvarna Corporate Credit Card tailored for corporate entities, offering unique advantages including a designated relationship manager, travel perks, personalized statements, and the option to have your company name embossed on the card. A notable feature is the card’s flexibility to be linked with your preferred UPI application, such as Google Pay, Paytm, PhonePe, etc.

Key Highlights of IndusInd Bank eSvarna Corporate Card

  1. The card in question is a corporate credit card.
  2. It grants access to lounges both internationally and domestically.
  3. Users can benefit from a 1% fuel surcharge waiver.
  4. No charges are associated with joining or renewing the card.

Features and Benefits of IndusInd Bank eSvarna Corporate Card

The IndusInd Bank eSvarna Corporate Card offers several features and benefits:

1. Customized Corporate Card:

  • Personalize your eSvarna Corporate Card with your company’s name, adding a touch of belonging and prestige.
  • Maximum of 19 characters allowed for embossing.

2. UPI Integration:

  • Seamlessly link your corporate credit card to the UPI app of your preference.
  • Utilize the convenience of the RuPay Network for easy integration and QR code payments.

3. Complimentary Lounge Access:

  • Enjoy complimentary access to domestic airports across India up to 8 times annually.
  • Elevate your travel experience with the privileges offered by this credit card.

4. Robust Insurance Coverage:

  • IndusInd Bank ensures comprehensive coverage against counterfeit fraud.
  • If your card or its details are stolen and used fraudulently, you are protected.
  • Report any loss or theft promptly, and the bank covers unauthorized transactions on your card.

IndusInd Bank eSvarna Corporate Card Fees and Charges

Explore the fee structure for the IndusInd Bank eSvarna Corporate Card and discover the financial advantages that come with it.

  1. Joining Fee: None
  2. Renewal Fee: None
  3. Rewards Redemption Fee: Not Applicable (N/A)
  4. Foreign Currency Markup: 3.5%
  5. Interest Rates: None
  6. Fuel Surcharge: 1% waiver on fuel spends between Rs. 400 to Rs. 4,000
  7. Cash Advance Charges: 3.35%

Documents Required for IndusInd Bank eSvarna Corporate Card

To apply for the IndusInd Bank eSvarna Corporate Card, you will typically need to provide the following documents:

1. Application Form: Complete and duly filled application form.

2. Corporate Documents:

  • Incorporation certificate of the company.
  • Memorandum and Articles of Association.
  • Board resolution approving the issuance of the corporate card.

3. Address Proof:

  • Utility bills (electricity, water, gas) of the registered office.
  • Lease agreement, if applicable.

4. Identity Proof:

  • PAN card of the company.
  • PAN card and identity proof of the authorized signatories.

5. Financial Documents:

  • Latest audited financial statements.
  • Bank statements for the specified period.

6. GST Registration Certificate: Copy of the Goods and Services Tax (GST) registration certificate.

7. Business Existence Proof: Any document validating the existence of the business, such as a shop establishment certificate.

8. Employee List: List of employees eligible for the corporate card.

9. KYC Documents for Employees: PAN card, address proof, and identity proof of the employees eligible for the card.

10. Additional Documents: Any other documents as specified by IndusInd Bank.

How To Apply for IndusInd Bank eSvarna Corporate Card?

Follow these steps to apply for the IndusInd Bank eSvarna Corporate Card:

1. Visit the Official Website: Go to the official website of IndusInd Bank.

2. Navigate to Corporate Cards Section: Locate the section related to corporate cards or specifically the eSvarna Corporate Card.

3. Application Form:

  • Fill out the online application form with accurate details.
  • Provide information such as company details, business structure, contact information, and details of authorized signatories.

4. Upload Required Documents:

  • Scan and upload the necessary documents, which may include:
  • Incorporation certificate.
  • Memorandum and Articles of Association.
  • Board resolution approving the issuance of the corporate card.
  • Address proof, identity proof, and PAN cards of authorized signatories.
  • Financial statements and bank statements.

5. Submission and Verification:

  • Submit the completed application form and uploaded documents.
  • The bank may initiate a verification process, which may include checking the provided documents and contacting the authorized representatives.

Frequently Asked Questions (FAQs)

1. How can I apply for the eSvarna Corporate Card?

  • To apply for the eSvarna Corporate Card, visit the official IndusInd Bank website, navigate to the corporate cards section, and follow the online application process.

2. What are the key features of the eSvarna Corporate Card?

  • Features may include zero joining and renewal fees, rewards program, fuel surcharge waiver, and competitive foreign currency markup.

3. What documents are required for eSvarna Corporate Card application?

  • Generally, documents such as incorporation certificate, memorandum, articles of association, board resolution, address proof, and identity proof of authorized signatories are required. Refer to the latest list provided by the bank.

4. Is there an annual fee for the eSvarna Corporate Card?

  • As of the last update, there is no joining or renewal fee associated with the eSvarna Corporate Card. However, it’s advisable to check the latest fee structure.

5. How can I redeem rewards earned on my eSvarna Corporate Card?

  • Details on rewards redemption, if applicable, can be found in the terms and conditions provided by IndusInd Bank. Typically, there may be an online portal or customer service channel for redemption.

6. What is the foreign currency markup for transactions made abroad?

  • The foreign currency markup for the eSvarna Corporate Card is typically 3.5%, but it’s recommended to check the latest rates provided by the bank.

7. Are there any interest rates associated with the eSvarna Corporate Card?

  • As of the last update, there are no interest rates associated with the eSvarna Corporate Card. Verify the latest information with the bank.

8. How does the fuel surcharge waiver work?

  • The card may offer a 1% waiver on fuel spends within a specified range (e.g., between Rs. 400 to Rs. 4,000). Check the terms for specific details.

9. What are the cash advance charges for the eSvarna Corporate Card?

  • Cash advance charges for the eSvarna Corporate Card are typically 3.35%. Verify the latest rates with the bank.

10. How can I contact customer support for assistance with my eSvarna Corporate Card?

  • Contact details for customer support, including phone numbers and email, can be found on the IndusInd Bank website.