State Bank of India (SBI) and Indian Oil Corporation (IOC) have launched a co-branded contactless RuPay debit card. A customer, anywhere in the country, can get the card by visiting the SBI's home branch. It is a contactless card and transactions up to Rs 5,000 can be paid for with just a tap.
The card will also simplify the everyday purchases of customers with secure and convenient contactless payments. Using it, cardholders can avail fuel benefits and loyalty points worth 0.75 per cent against purchase of fuel at all retail outlets Indian Oil fuel stations. There is no monthly limit for purchasing the fuel.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
