Mumbai, April 2, 2025 – Federal Bank, a leading private sector bank in India, has launched Fed StarBiz, a revolutionary credit card designed exclusively for business customers. Developed in collaboration with NPCI (National Payments Corporation of India) and Visa, this innovative financial product is tailored to meet the dynamic needs of SME (Small and Medium Enterprise) customers, providing seamless financial management and unmatched convenience.
Empowering Businesses with Fed StarBiz
Fed StarBiz marks Federal Bank’s strategic expansion into business and commercial cards, reinforcing its commitment to empowering India’s vibrant business ecosystem.
Speaking at the launch event, Shalini Warrier, Executive Director at Federal Bank, stated:
“SME customers play a crucial role in India’s economic growth, and Federal Bank has always been at the forefront of providing innovative financial solutions. The Fed StarBiz credit card—available in both RuPay and Visa variants—is linked to the customer’s Overdraft (OD) or Cash Credit (CC) account. This ensures financial flexibility and security, helping businesses thrive in today’s competitive environment.”
Key Features of Fed StarBiz
Fed StarBiz is designed to streamline business transactions and offer a range of powerful benefits, including:
✅ Seamless OD/CC Integration – Direct linkage to Overdraft or Cash Credit accounts with limits up to ₹50 Lakh, ensuring smooth financial operations.
✅ High Transaction Limits – Business owners can conduct transactions up to ₹3 Lakh per day or up to their available OD/CC limit, whichever is lower.
✅ Advanced Security Measures – State-of-the-art tokenization and encryption technologies provide enhanced security for every transaction.
✅ Effortless Financial Management – All card transactions are automatically reflected in the OD/CC account, eliminating the need for separate statements and simplifying reconciliation.
✅ Global & Nationwide Acceptance – Through Visa and RuPay’s vast merchant networks, businesses can use Fed StarBiz across India and worldwide.
Industry Leaders Weigh In
Rajeeth Pillai, Chief of Relationship Management, NPCI, expressed enthusiasm about the collaboration:
“We are proud to partner with Federal Bank for the launch of Fed StarBiz. This card is a game-changer for businesses, offering a secure and seamless payment solution. With RuPay’s extensive acceptance network and cutting-edge security, Fed StarBiz will provide businesses with superior transactional efficiency.”
Rishi Chhabra, Country Manager, Visa India, added:
“Visa is delighted to deepen our partnership with Federal Bank for the launch of Fed StarBiz—their first credit card focused on businesses. This payment solution provides businesses with enhanced financial control, flexibility, and access to Visa’s world-class security and global acceptance. We remain committed to supporting businesses of all sizes with our trusted and secure payment solutions.”
A New Era for Business Banking
The launch of Fed StarBiz is just the beginning of Federal Bank’s larger strategy to revolutionize business banking and commercial payments. The bank has confirmed that several additional specialized payment solutions are in the pipeline for 2025, catering to diverse business needs across different sectors.
By integrating digital innovation with a deep understanding of business requirements, Federal Bank aims to position itself as the go-to financial partner for India’s growing business community.
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