The Federal Bank has joined forces with the National Payments Corporation of India (NPCI) to launch the Federal Bank RuPay Signet Contactless Credit Card. One of the main strengths of this card is that it comes with the lowest Annual Percentage Rate (APR) starting at just 5.88% per year.

Federal Bank RuPay Signet credit card holders will have access to a wide variety of deals and offers across all categories including travel, dining, shopping, sports, entertainment, lifestyle and more. Moreover. With a range of attractive offers, the card is currently offered to existing customers of the Bank. Offers include Amazon gift vouchers as welcome benefits, attractive reward points, a free Buy One Get One (BOGO) offer at INOX, free membership programs, free Swiggy vouchers, free access to lounges in national and international airports and much more.

Taking a “Digital First” card approach, the card is immediately available for use in FedMobile, the Bank’s Mobile Banking application, through a 3-click process. The physical card will be delivered to the customer in due course. Specifically designed for Millennials, this card offers an interesting 3-2-1 rewards structure customized for them. They would get 3x spend rewards for Electronics and Clothing categories, 2x rewards for Entertainment category and 1x rewards for other categories, using the Federal Bank RuPay Signet credit card.

Commenting on the launch, Ms. Praveena Rai, COO, NPCI said: “We are delighted to launch together with our partner bank – Federal Bank RuPay Signet contactless credit card. This card has great potential to attract new generation customers as it has a full set of benefits tailored to their lifestyle supported by an innovative reimbursement system. At NPCI, for RuPay, we continue to work to provide a pleasant, contactless shopping experience for all of our customers. We also believe that our association with Federal Bank will provide a wider penetration of RuPay contactless cards in the country. “

In virtually launching the card, Shalini Warrier, Executive Director and Business Leader – Retail, Federal Bank said, “The Federal Bank has, once again, ensured that the mantra ‘Digital Comes First, Human to the heart ”comes to life through this latest offer, the RuPay credit card. This card is also a symbol of our strong partnership with NPCI, an entity known for its innovation in the field of retail payments.

The actions of Federal Bank Ltd. were last trading in BSE at Rs. 81.6 from the previous close of Rs. 80.85. The total number of shares traded during the day was 616,293 in more than 2,964 transactions.

The action hit an intraday high of Rs. 82 and an intraday low of 81.15. The net turnover during the day was Rs. 50,282,875.