SBI launches RuPay Platinum debit card
India’s largest lender State Bank of India (SBI) has launched a RuPay Platinum debit card in association with National Payment Corporation of India (NPCI).
The card initially would be issued free to customers maintaining a quarterly balance of 50,000 rupees.
For the convenience of customers, this card has a special feature which is accepted at all payment channels including ATMs, point-of-sale (PoS) and eCommerce.
RuPay Platinum debit card holders will also get additional benefits like 5 per cent cash back on utility bill, complimentary concierge services, personal accident death and permanent total disability insurance cover of Rs 2 lakh, complimentary airport lounge.
It should be noted that, presently SBI has 19.7 crore debit cards in circulation. Of this total debit cards in circulation, 4.5 crore are RuPay cards.
Month: Current Affairs - May, 2015