Country’s top Public sector bank State Bank of India together with IOCL launched co-branded Rupay debit card. Every branch of State Bank of India is providing the cards based on the needs of the customer. Customer can apply for the card by visiting to their nearby State Bank of India branch.
The best thing in this card is that it is contactless using “Tap and Pay” technology. We can pay an amount up to Rs. 5,000/- in a single tap. Customer come across of several offers and awards daily which they can avail with it. The basic example we can see the purchase of fuel by the cardholders.
Benefits:
This card will make the purchase simple. Being contactless it will save customers’ time and the purchase will provide a better experience to them.
The cardholders can avail fuel benefits and loyalty points of 0.75 per cent against purchase of fuel from Indian oil petrol pumps. There is no monthly limit for purchasing fuel.
Customer can also earn reward points or loyalty points during their payment at hotels, restaurants, cinema theaters, grocery stores, etc. These loyal points can be redeemed while making payment to any of these places at the next time, the bank said.
Extra Features:
- The card is available in two variants i.e. Global and Platinum. Let us see one by one:
Global Co-branded RuPay debit card:
- Minimum daily cash withdrawal limit from ATM is Rs. 100
- Maximum daily cash withdrawal limit from ATM is Rs. 40,000/-
- Minimum and Maximum daily PoS/Online transaction is unlimited.
- Issuance charges is NIL
- Annual maintenance charge is Rs. 125/- + GST
- Card replacement charges is Rs. 300/- + GST
Platinum Co-branded RuPay debit card:
- Minimum daily cash withdrawal limit from ATM is Rs. 100
- Maximum daily cash withdrawal limit from ATM is Rs. 40,000/-
- Minimum daily PoS/Online transaction is Rs. 75,000/-
- Maximum daily PoS/Online transaction is Rs. 2,00,000/-
- Issuance charges is Rs. 300/- + GST
- Annual maintenance charge is Rs. 250/- + GST
- Card replacement charges is Rs. 300/- + GST
- Both the aforementioned variants of Co-branded Rupay debit card can be used globally. Cardholders can use their debit cards for international payment, shopping centres, restaurants and ATMs.
- Validity of the card i s5 years from the date of issue.
- Six rewards points are earned for every Rs. 200/- spent on IOCL outlets and Two rewards points are earned for every Rs. 200/- spent on another outlets.