More benefits than ever before
What's in store for you
Additional Benefits
Know more about the card
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Fees & Charges
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Added Delights
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Contactless Payment
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Most Important Terms and Conditions
Frequently Asked Questions
30 + 20 Days
There is a rebate limit capped to 10 Lacs /month.
The corporate can revolve 30%(MAD) of Total Amount Due (TAD). While calculating the MAD, other charges such as interest, fee, GST, etc. are excluded.
No, cashback will not be eligible be eligible incase EMI is being opted for
An interest rate of 1.99% per month (23.88% annually) will be applied on the outstanding amount while revolving.
Yes, Merchant Category Code (MCC) wise restriction is possible on Purchase Moneyback Card, relevant MCC group/promo id needs to be selected by corporate on the MID while submitting application.
Yes, auto debit is possible on Purchase Moneyback Card.
Yes, multiple Purchase Moneyback Cards can be issued to a company as per their requirement up to a maximum of 5 cards.
Payments can be made via cheque, auto debits or online modes such as NEFT, RTGS.
Full payment needs to be made by the corporate to Bank.
No, there is no surcharge at Bank’s end on electricity payment through Purchase Moneyback Card. However, if the biller surcharges on their website for payment through credit card then the same will be applicable on Purchase Moneyback Card as well.
Regular and special merchants will be classified as per the final merchant category code received by the bank in transaction settlement file.
Special MCC spends include spends on merchants, but are not limited to Taxes, Government related services, Telecom, Groceries, Fuel, Utility, Insurance, Education, Home décor, Railway, Restaurant, Taxi, Toll fees, Bus lines, Charity, Political organisations, Religious organisations, Beauty shops, Barber shops, Child care services, Real estate agents & rentals, Legal services, Halls, Studios, Laundry services, Agricultural co-operatives, Electrical contractors, Civic, Tax preparation services, Social organisations, Fraternal organisations, Department stores, Supermarkets, Bakeries and Confectionery stores will be considered as special MCC spends.
Spends other than the above-mentioned merchants will be classified as General MCC spends.
All general spends above 5 lakhs and utility payments above 10 lakhs will be eligible for cashback excluding EMI spends, BBPS Spends and Fuel Spends.
No, If the Customer is delinquent for any product within the bank, they will not receive cashback for their Purchase card spends in delinquent month.
Additionally, any missed cashback due to delinquency will not be processed or paid in subsequent months.