ENA MSME 2025-04-04 14:33:53 <p><span style="font-size:14px"><strong>Kochi, Apr 4 (KNN)</strong> 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.</span></p> <p><span style="font-size:14px">This innovative card has been launched in collaboration with NPCI and Visa, reinforcing the banks commitment to supporting India's growing business ecosystem.</span></p> <p><span style="font-size:14px">Fed StarBiz marks Federal Banks entry into the business and commercial credit card segment, providing SME customers with enhanced financial flexibility and security.</span></p> <p><span style="font-size:14px">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.</span></p> <p><span style="font-size:14px">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.</span></p> <p><span style="font-size:14px">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.</span></p> <p><span style="font-size:14px">Advanced security measures such as state-of-the-art tokenization and encryption technology ensure safe and secure transactions.</span></p> <p><span style="font-size:14px">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.</span></p> <p><span style="font-size:14px">Moreover, with extensive merchant acceptance across India, backed by RuPay and Visa, businesses can conduct transactions seamlessly nationwide.</span></p> <p><span style="font-size:14px">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.</span></p> <p><span style="font-size:14px">Rajeeth Pillai, Chief of Relationship Management at NPCI, highlighted RuPays extensive acceptance network and security features, while Rishi Chhabra, Country Manager at Visa India, reaffirmed Visas commitment to providing seamless payment solutions.</span></p> <p><span style="font-size:14px">Federal Bank is set to expand its business banking offerings further, with more specialised payment solutions expected in 2025.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41638 https://knnindia.co.in/news/newsdetails/msme/federal-bank-launches-credit-card-for-smes-with-rs-50-lakh-limit 2025-04-04 14:33:53 knnindia.co.in