IndusInd Bank has launched a corporate credit card linked directly to customers’ existing overdraft (OD) and cash credit (CC) accounts, offering businesses a way to manage operational spending through their sanctioned working capital limits.
The bank said the new card is designed to simplify cash flow management, improve expense visibility and reduce the administrative work associated with business payments.
Unlike conventional corporate credit cards, the product does not require a separate credit limit or billing cycle. Transactions are processed directly through the linked OD or CC account, allowing businesses to track their working capital utilisation alongside routine expenses.
The card also includes transaction controls that allow cardholders to set and modify daily spending limits. A centralised expense management system is intended to provide businesses with greater oversight of employee spending and operational costs.
According to the bank, the card can be used for routine business expenses, vendor payments and other operational transactions, both online and offline.
“Businesses today are looking for smarter, more integrated financial solutions that simplify operations while offering greater control over cash flows,” said Jagdeep Mallareddy, executive director at IndusInd Bank.
The bank said the product would extend the use of existing working capital facilities into everyday payments, potentially reducing manual reconciliation and improving operational efficiency.
The card will be available on RuPay, Mastercard and Visa networks in India. Its technology platform will be powered by PropelGo Technologies.
IndusInd Bank said the product is now available to eligible business customers across the country.
The launch comes as banks and financial technology companies develop payment products that combine corporate spending controls with existing banking facilities. For businesses, linking payments to working capital accounts may offer a more integrated approach to managing short-term liquidity, although the benefits will depend on individual account arrangements and spending requirements.
