Product Launch Details

IndusInd Bank launched an Overdraft (OD) and Cash Credit (CC) linked Corporate Credit Card on September 11, 2026. The product is designed to provide businesses with greater control over cashflows, improved operational efficiency, and smarter utilization of sanctioned credit limits.

Key Product Features

  • Direct linkage to existing OD/CC account enabling real-time utilization of sanctioned limits
  • No separate credit limit or billing cycle required
  • Strong transaction controls allowing card holders to set/modify daily transaction limits anytime
  • Centralized expense management for better control and transparency
  • Operational efficiency by reducing manual processes and reconciliation efforts
  • Flexible usage for routine business expenses, vendor payments, and operational spends
  • Enables seamless online and offline payments by drawing directly from sanctioned OD or CC limits

Technical Implementation

The card will be launched on major card networks in India: NPCI – RuPay, Mastercard, and Visa. The product platform is powered by PropelGo Technologies.

Availability

The card is now available to eligible IndusInd Bank business customers nationwide.

Management Commentary

Jagdeep Mallareddy, Executive Director of IndusInd Bank, stated: "Businesses today are looking for smarter, more integrated financial solutions that simplify operations, while offering greater control over cash flows. IndusInd Bank's OD/CC linked Corporate Credit Card addresses this need by seamlessly extending the utility of sanctioned working capital limits into payments, driving higher operational efficiency for businesses. This launch reflects the Bank's continued focus on leveraging digital capabilities to deliver innovative solutions that empower businesses and MSMEs to scale with confidence."

Bank Profile Context (as of June 30, 2026)

  • Serves approximately 42 million customers
  • Operates through 3,137 branches/banking outlets
  • Maintains 2,853 ATMs
  • Reaches 1.60 lakh villages across India
  • Maintains representative offices in Dubai and Abu Dhabi
  • Holds clearing bank status for BSE and NSE
  • Serves as settlement bank for NCDEX
  • Empanelled banker for MCX