SBI launches RuPay Platinum debit card [ Current Affairs ]


India’s largest commercial bank State Bank of India (SBI) has launched a RuPay Platinum debit card with the help of National Payment Corporation of India (NPCI). The RuPay Platinum debit card initially would be issued free to customers maintaining a quarterly balance of 50,000 rupees.

  1. RuPay Platinum debit card has a special feature which is accepted at all payment channels including ATMs, point-of-sale (PoS) and eCommerce for the convenience of customers.
  2. This card holders will also get additional benefits up to 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.
  3. At present, SBI has 19.7 crore debit cards in circulation in this total debit cards in circulation i.e. 4.5 crore are RuPay cards.
  4. Headquarter of SBI in Mumbai and it is the largest commercial and lender bank of India.

- Published on: May 14, 2015