SBI IOCL Contactless Debit Cards- Global and Platinum Variants

The cards come along the following features & benefits

Reward Benefits: Similar to credit cards, these cards also offer rewards similar to a lot of co-branded and fuel credit cards. The rewards offered are as follows:

(i) 6 reward points for every Rs. 200 spent at IOCL petrol pumps in India
(ii) 2 reward points for every Rs. 200 spent on other POS/ E-com portals

The redemption value for these reward points is, 1 reward point = Rs. 0.25.

High Cash Withdrawal Limits: SBI IOCL Global Contactless Card and SBI IOCL Platinum Contactless Card, offer minimum and maximum cash withdrawal limit of Rs. 100 and Rs. 40,000 respectively.

High Shopping Limits: Both the Global and Platinum variants offer  varying shopping limits. While there is no minimum limit for both cards, the maximum  POS/online transaction  limit is Rs. 75,000 for the global variant and Rs. 2 Lakh for Platinum variant.

Suggested: Check the List of Top Shopping Credit Cards | Click here to Apply for Top Shopping Cards

Contactless Transactions: The cards allow contactless payments for transactions up to Rs. 5,000. Thus, you do not require the debit card PIN in this case.

International Usage: Both these variants can be considered for international usage for shopping, cash withdrawal or at POS.  The limit for international cash withdrawal and POS transactions varies from country to country, however, it is subject to a maximum of USD equivalent to Rs. 50,000 per month.

Click here to check more details about SBI debit card fees & charges.

What is SBI IOCL Global Contactless Debit Card?
SBI IOCL global contactless debit card is a co-branded card, launched by SBI in collaboration with IOCL. Launched in two variants, SBI IOCL Global Contactless and SBI IOCL Platinum Contactless, these cards are suitable for making fuel purchases around IOCL pumps.

Who can get SBI IOCL co-branded RuPay debit cards?
You can get these cards, if you are an existing or a new SBI customer with a bank account in SBI. To apply for these debit cards, you can visit your nearest SBI branch. Note that, in case you are an existing customer and already hold an SBI debit card, you can still get this card as the bank allows issuance of two cards per account per customer.

For how long is the IOCL contactless debit card valid?
SBI IOCL Global Contactless debit card and SBI IOCL Platinum Contacless debit card are valid for a period of five years from the date of card issuance.