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IndusInd Bank launches OD/CC-linked corporate credit card
IndusInd Bank has launched a new Corporate Credit Card linked directly to Overdraft (OD) and Cash Credit (CC) accounts. The product is designed to help businesses and MSMEs manage liquidity and improve operational efficiency by utilizing sanctioned working capital limits for daily business expenditures.
Because the card operates directly on existing OD or CC accounts, it eliminates the requirement for separate credit limits, standalone reconciliation, or independent billing cycles. Key features include real-time utilization of sanctioned limits, centralized expense management, and the ability for cardholders to set or modify daily transaction limits to maintain control over expenses.