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SBI RuPay Debit Card

Updated on November 30, 2022 , 69274 views

The objective of debit cards is to simplify banking transactions and reduce the dependency on liquid cash. With a Debit Card, you can make high withdrawals, do online transactions, purchase at eCommerce, etc. The SBI RuPay debit card, which is a Rupay card, is designed to help domestic customers simplify their online and offline purchases.

The State Bank of India is the largest nationalized bank in India and the world's forty-third largest bank. Its coverage is extensive both in the urban and rural areas in India. The bank also has a wide array of debit cards in circulation, of which the Rupay Classic debit card accounts for nearly 4.5 crores.

Types of SBI RuPay Debit Cards

1. Rupay Classic Debit Card

Any SBI account holder can apply for this card. It comes with numerous features designed to simplify the monetary transactions significantly. The classic debit card makes contactless transactions and ATM withdrawals simpler and more accessible.

Rupay Classic Debit Card

  • You can make withdrawals from the various SBI ATM counters across the country.
  • You can simplify all your transactions with the help of the RuPay debit card.
  • You do not have to pay any additional SBI Rupay debit card charges.
  • At Indian Oil Petrol pumps, you can get 5 liters of petrol at a discounted rate.
  • Using the card to make payments can benefit you with points. You can later redeem these points to earn discount coupons.
  • You make numerous transactions in a single day.

Transaction Limit and Insurance Coverage

The transactional limits and insurance coverage for the SBI RuPay Classic debit card are as follows:

  • The card is accepted in most POS counters in India.
  • The SBI Rupay debit card withdrawal limit is Rs. 25,000, and the POS limits are also Rs. 25,000.
  • It provides insurance coverage up to Rs. 1 lakh.
  • The SBI Rupay debit card limit per day is Rs. 20,000 per day from ATMs.

Charges for Replacement

  • The SBI Rupay debit card annual charges are Rs. 175 + GST.
  • For replacement, you have to pay Rs. 350 + GST.

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2. SBI Platinum RuPay Debit Card

When you apply for a specific type of debit card, you are looking for some exclusive benefits. These benefits can be simplifying the transaction process or providing the customers with exclusive coupons and benefits on making the purchases using the particular debit card. Similar to the SBI Classic Rupay debit card, the bank also offers a platinum debit card with some additional features, which are as follows:

SBI Platinum RuPay Debit Card

  • The card is issued free of charge to customers maintaining a quarterly balance of Rs. 50,000.
  • With the Platinum card, you can make international transactions.
  • You will have greater access to online transactions.
  • This debit card is accepted in Bhutan, UAE, Singapore, and Bangladesh.
  • You will get 5% cashback on your utility bills, which you pay with your RuPay Platinum Card.
  • Each transaction will help you earn points, which you can redeem to earn discount vouchers.
  • The reward point's value is 1point is equal to 1 rupee, which is higher compared to other cards.
  • You will get Rs. 100 cashback with the first ATM withdrawal you make with the card.

Transaction Limit and Insurance Coverage

The Platinum card has a higher transaction limit and insurance coverage compared to the Classic card.

  • You will get a disability insurance coverage of up to Rs. 2 lakh in case of permanent disability or death.
  • You can make withdrawals up to Rs. 2 lakh per day. This applies to both domestic and international withdrawals. Online transactions up to Rs. 5 lakh is allowed in a day.

Charges for Replacement

  • The issuance charge of the SBI RuPay Platinum is Rs. 100 + GST.
  • The annual maintenance is Rs. 175 + GST.
  • The charge for replacing the card is Rs. 300 + GST per card.

Conclusion

Thus, using the SBI Classic or Platinum RuPay debit cards simplifies your monetary transactions significantly.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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MOHD ZAFFAR HUSSAIN, posted on 15 Jan 22 11:40 AM

Very Good this

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