Long awaited SBI IndianOil debit card launched

SBI IndianOil Debit Card has been launched across India. A customer, anywhere in India, can get the card by visiting the SBI’s home branch. It is a contactless card and transactions up to Rs. 5000/- can be paid for with just a tap. Cardholders can avail several benefits on fuel purchase at IndianOil petrol pumps.

Raising the bar with newer offerings for the customers in the New Year, India’s largest fuel retailer, IndianOil, has now teamed up with State Bank of India (SBI) India’s largest bank, to launch the IndianOil – SBI co-branded RuPay Debit Card.Launching  The IndianOil – SBI co-branded RuPay Debit Card  –  Shrikant Madhav Vaidya, Chairman, said “We are proud to partner with SBI, having the largest number of debit cardholders in the country, to bring unmatched convenience to our fellow citizens. This power-packed card is backed by the unparalleled reach of IndianOil and SBI across the country. It will be an ideal mode of payment for customers in the current pandemic situation to opt for cashless and hassle-free payment. With this new tie-up, IndianOil is happy to expand its presence in the fast-developing debit card ecosystem in India, with an aim to offer attractive rewards and benefits for our customers. IndianOil has been a pioneer in promoting cashless and digital transactions with more than 98% of our vast network of 30,000 fuel stations capable of accepting credit/debit card/wallet payments. This initiative will also promote digital payments and is in line with the Government’s vision of a Digital India,” he added.  Dinesh Khara, Chairman, SBI said, “We are pleased to launch the ‘SBI-IndianOil contactless Rupay Debit Card’ through our strategic partnership with Indian Oil Corporation Ltd. We believe this co-branded card, with ‘Tap and Pay’ technology, several attractive benefits and associated offers will provide a rewarding experience on purchase of fuel to the cardholders.  Fuel cards are specially designed to save money every time an individual refills his vehicle with fuel. This tie-up with IndianOil will reward all the cardholders of SBI-IndianOil co-branded debit Card with enhanced loyalty points,” he added.