Got more questions?
Locate the nearest branch for best assesment
Locate BranchesAxis Bank Corporate Card with Individual Liability provides customers with a one stop solution for official expenses for travel and entertainment. The card provides for better visibility and control over your official expenses along with a choice of liability. You can either opt for Corporate or Individual Liability. The Corporate Card with Individual Liability comes with a fourth line embossing of the company's name, complimentary lounge access at select airports in India and has a unique Management Information System to help keep track of every transaction.
Axis Bank's Corporate Card offers the best travel and expense management solution to corporates with global acceptance and customized solutions. Axis Bank Corporate Card comes with two liability options
Corporate Liability Corporate Cards are an effective way of managing travel policies and negotiating preferential terms with key suppliers. These cards are issued after credit assessment of the corporate; who in turn defines the limit on individual cards. The corporate bears the liability for the entire outstanding amount on the cards. The payment is made directly to the bank once a month instead of multiple payments to individual employees/suppliers. Exposure risk of the Corporate is mitigated by the fact that the card is a charge card wherein the full payment is to be made at the end of each month with no revolve allowed on the outstanding.
Individual Liability Cards based on the same lines as the personal credit cards are an effective way for the employees to keep their personal and official expenses separate while at the same time simplifying the reimbursement process. Individual employees are assessed for assignment of credit limit on each card and are solely liable for the payment of spends done on the card.
Avail Exclusive Airport Lounge Access at select airports in India. For MasterCard users, click here For MasterCard users and for Visa users, click here for Visa users.
Manage and control travel and entertainment expenses easily with assigned individual employee spending limits.
Keep track of expenditure and negotiate discounts with vendors, while managing employee compliance with corporate travel policies backed with vendor level organisational spend Management Information System.
Cards can be customised with fourth line embossing of the company’s name, for better association with employees.
Swipe your Axis Bank Corporate Card at petrol pumps to get 1% refund for Fuel transaction between ₹400 - ₹4000*.
Read MoreVarious Insurance types available click here for Insurance Benefits
Terms and conditions apply
A unique online MIS provides the most current and accurate information on all transactions to aid better analysis and decision making. Features include:
Swipe your Axis Bank Corporate Card at petrol pumps to get 1% refund for Fuel transaction between ₹400 - ₹4000*.
*No Reward Points are earned on fuel transactions made using your Axis Bank Credit Card.
No refund is provided for GST charged on the surcharge.
A unique online MIS provides the most current and accurate information on all transactions to aid better analysis and decision making. Features include:
To avail the benefits of this Corporate Card, fulfil the Corporate Card with Individual Liability eligibility criteria, as mentioned below. For any further query regarding the eligibility, you can call Axis Bank Customer Care or visit your nearest Axis Bank branc
You will have to submit certain documents for Corporate Card with Individual Liability. Here are the documents that you will have to submit for credit and post credit appraisal. Make sure all your documents are in order for a hassle free process.
Keep your documents ready
Documents for Corporate Liability:
For Credit Appraisal:
Post Credit Appraisal:
Documents for Individual Liability:
PAN/Form 60
Income Proof:
Residence proof:
There are a certain set of fees and charges applicable for the issuance of the Corporate Card with Individual Liability which include a standard joining fee and an annual fee among others. Please refer to the information provided below for further information.
Charges | Corporate | |
---|---|---|
Corporate Liability | Individual Liability | |
Standard Joining Fee | As agreed with company | As agreed with company |
Standard Annual Fee | As agreed with company | As agreed with company |
Standard Add-on Card Joining Fee | NA | Nil |
Standard Add-on Card Annual Fee | NA | Nil |
Finance Charges (Retail Purchases) | NA | 2.95% Per month (41.75% per annum) |
Fee for Cash Payment | Nil | Rs. 100/- |
Card Replacement (lost or stolen or re-issue) | Nil | Nil |
Emergency Card Replacement Fee when overseas (through VISA) | As per VISA Global Customer Assistance Services(GCAS) | As per VISA Global Customer Assistance Services(GCAS) |
Duplicate Statement Fee | Waived | Waived |
Overdue Penalty or Late Payment Fee | 3% of the total amount due(Min. Rs. 350) | Rs. 300 if Total Payment Due is up to Rs. 2000 |
Rs. 400 if Total Payment Due is between Rs. 2001 - Rs. 5000 | ||
Rs. 600 if Total Payment Due is Rs. 5001 or more | ||
Over Limit Penalty | 3% of the Overlimit Amount (Min Rs. 300) | 3% of the Overlimit Amount (Min Rs. 500) |
Charge slip Retrieval Fee or Copy Request Fee | Rs. 200 | Rs. 200 |
Outstation Cheque Fee | Waived | Waived |
Cheque return or dishonour Fee or Auto debit Reversal Bank A/c out of Funds | Rs. 300 | Rs. 300 |
Surcharge on purchase or cancellation of Railway Tickets | As prescribed by IRCTC/Indian Railways | As prescribed by IRCTC/Indian Railways |
Fuel Transaction Surcharge | 1% of transaction amount (Refunded for fuel transactions between Rs. 400 and Rs. 4000) | 1% of transaction amount (Refunded for fuel transactions between Rs. 400 and Rs. 4000) |
Foreign Currency Transaction Fee | 3.5% of the transaction value | 3.5% of the transaction value |
Mobile Alerts for Transactions | Waived | Waived |
Hot listing Charges | Nil | Nil |
Balance Enquiry Charges | Waived | Waived |
There are many variations of passages of Lorem Ipsum available but the majority have suffered alteration in some form.
Lorem Ipsum is simply dummy text of the printing and typesetting industry.
Lorem Ipsum is simply dummy text of the printing and typesetting industry.
Lorem Ipsum is simply dummy text of the printing and typesetting industry.