Central Bank Of India Launches ‘RuPay Select’ Contactless Debit Card. Here's All You Need To Know - Viral Bake
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Central Bank Of India Launches ‘RuPay Select’ Contactless Debit Card. Here’s All You Need To Know

The Central Bank Of India, on the occasion of its 110th founding day, launched a new variant of contactless Debit Card — ‘RuPay Select’.

The offering, in the form of Rupay Debit Select Card, will solely focus on customers’ lifestyle, fitness, rejuvenation, nutrition, and personal care. Moreover, the card also allows the holder access to more than 20 domestic and 500 international airport lounges.

Through the card, the customers can avail memberships and access to lounge activities, golf courses, gyms, spas, and restaurants. Moreover, one could also access discounted health checkups using the card. As per a report, the card also comes with features such as facilitating offline transactions in both transits as well as retail purchases.

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Pallav Mohapatra, MD & CEO, Central Bank of India said, “Central bank is launching two customer utility products on the occasion of 110th foundation day of the Bank. The first product is RUPAY SELECT DEBIT CARD, which is launched in association with NPCI. This premium card designed especially for a select category with wellness as the key feature.”
Source – Financial Express

“Customers having the select card will enjoy benefits such as complimentary Health check-ups, Gym, Golf, SPA and lounge access at selected centres besides Accidental Cover of Rs.10 lakh at no extra cost to customers. FASTAG is another product launched in association with OSTA. Customers using our FASTAG will not lose any interest by transmitting the funds into FASTAG account, instead, the customer will cross the Toll Plaza with Central Bank of India FASTAG based on the recharge amount blocked in his Savings account and the account will be debited on the next day of transaction unlike other players having such product where the fund is transferred to a wallet by debiting account of the customer,” Mohapatra added.

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Dilip Asbe, MD & CEO, NPCI said, “We are happy to partner with Central Bank to offer the exclusive RuPay Select Debit Card to the customers. The RuPay Select Debit Cards reflect customers’ lifestyle – from complimentary lounge access, cashbacks to exclusive concierge services, it provides an enriching experience to the users. This Card is a step ahead by NPCI to ensure that customers get a ‘select’ experience of exclusivity and superiority with a safe as well as a hassle-free contactless payment option. RuPay Debit Select Card also adds a new dimension to our RuPay portfolio and we believe it would act as a change catalyst for the customers to follow the path of better wellbeing”.

Source – RuPay

Besides RuPay Select, the bank also launched FASTAG (for electronic toll collection) in association with OSTA.

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The bank said that the customer using Central Bank of India FASTAG will not lose any interest by transmitting the funds into FASTAG account. “Instead, the customer will cross the tToll pPlaza with Central Bank of India FASTAG based on recharge amount blocked in his Ssavings account and the account will be debited on next day of transaction unlike other players having such product where the fund is transferred to a wallet by debiting account of the customer,” Mohapatra said.

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