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.
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:
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 |
The following are the benefits of SBI IOCL Co-Branded Contactless RuPay Debit Card:
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.
SBI IOCL Co-Branded RuPay Debit Card users can use this card at ATMs, PoS, or Ecom websites as normal debit 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.
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.
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.
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
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.
The card is valid for 5 years from the date of issue.
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.