SBI IOCL Contactless Debit Card - Types, Benefits & Features

State Bank of India (SBI) has partnered with Indian Oil Corporation Limited (IOCL) to introduce the SBI IOCL Co-Branded RuPay Debit Card. All current and new SBI customers are eligible to receive this contactless card.

Updated On - 06 Sep 2025
Free Credit Score Check Now

The card is specifically made to allow users to accrue more reward points at every IOCL retail location. An EMV chip is included with the debit card.

The IOCL debit card is available in two variants:

  1. Rupay SBI IOCL Global
  2. Rupay SBI IOCL Platinum

Features of SBI IOCL Contactless RuPay Debit Card

Type of Transactions

SBI IOCL Global Debit Card

SBI IOCL Platinum Debit Card

Cash Withdrawal Limit for ATMs (daily)

Rs. 40,000

Rs. 40,000

PoS/Online Transaction Limit (daily)

Rs. 75,000

Rs. 2 lakh

Rewards 

You get 6 reward points for every Rs. 200 at IOCL

You get 2 reward points for every Rs.200 spent at any POS/e-com other than IOCL.

Issuance fee

NIL

Rs. 300+GST

Annual Maintenance Charges

Rs. 125+GST

Rs. 200+GST

Card Replacement charges

Rs. 300+GST

Rs. 300+GST

Benefits of SBI IOCL Contactless Debit Card

The following are the benefits of SBI IOCL Co-Branded Contactless RuPay Debit Card:

  1. Offers reward points on every Rs.200 spend on fuel purchase at IndianOil fuel stations
  2. Loyalty points worth 0.75% as fuel benefits on fuel purchase at IndianOil fuel stations
  3. Contactless card offering single transaction up to Rs.5000
  1. Provides reward points on various transactions such as dinning, utility, movie, and grocery
  2. Cardholders can purchase fuel unlimited times in a month
  3. This card can be issued anywhere in the country
  4. Applicants can visit SBI home branch to apply for this sbi atm card.

Reward Points of the SBI IOCL Co-Branded Contactless RuPay Debit Card

  1. Get 6 reward points for every Rs.200 you spend at IOCL outlets.
  1. Get 2 reward points for every Rs.200 spent at any POS/e-com other than IOCL.

FAQs on SBI IOCL Co-Branded Contactless RuPay Debit Card

  • Can the SBI IOCL Contactless Debit Card be used internationally?

    Customers with both the variants of SBI IOCL CO-Branded RuPay Debit card can use these cards internationally to avail various services such as shopping, dining, or withdrawing cash at ATMs.

  • How does SBI IOCL Co-Branded RuPay Debit Card work?

    SBI IOCL Co-Branded RuPay Debit Card users can use this card at ATMs, PoS, or Ecom websites as normal debit card.

  • What are the additional benefits of this card?

    The SBI IOCL Co-Branded Contactless RuPay Debit Card provides various reward points and offers. Some of the additional benefits of this card include earning reward points on spending every Rs.200 on fuel at all IOCL petrol pumps across the country. 

  • Can I get additional reward points at all the outlets of Indian Oil petrol pumps?

    On spending Rs.200 at IOCL petrol pump customers can earn six reward points and two reward points can be earned on spending Rs.200 at any POS other than IOCL.

  • Can I redeem rewards on SBI debit cards through SBI Rewardz?

    Yes, you can redeem your reward points on SBI debit cards through SBI Rewardz mobile application or https://rewardz.sbi/ to avail free gifts on merchandise or on various services.   

  • What is the fee for international transactions?

    The fee for international transactions will vary from one country to another. This is subject to a maximum of USD which is equivalent to Rs.50,000 every month

  • How is the SBI IOCL Co-Branded RuPay Debit Card issued?

    For an existing or a new customer who is eligible, you can apply for SBI IOCL Co-Branded RuPay Debit Card via any SBI branch in India.

  • What is the validity of the SBI IOCL debit card?

    The card is valid for 5 years from the date of issue.

Disclaimer
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.