HDFC Bank has recently launched business range of credit cards customised for business owners, entrepreneurs and freelancers. The cards will be available in four variants – BizFirst, BizGrow, BizPower and BizBlack, a statement from the bank informed.
The statement said that the business credit card range offers the best-in-class interest-free credit cycle of 55 days, savings on core business spends like utility bills, GST, income tax, vendor payments, business travel and business productivity tools.
It added that the HDFC Bank’s SME payment solution is designed to meet the diverse payment needs of self-employed individuals, Small and Medium Enterprises (SMEs) and Micro, Small and Medium Enterprises (MSMEs).
Tailored to address both payable and receivable needs of businesses, the bank has introduced a unified digital platform which consolidates all payables such as vendor payments, utility bills and statutory payments, etc. On the receivable side of payments, the platform is designed to manage and optimise end-to-end supply-chain arrangements and reconciliation, the statement concluded.