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SBI Card and IRCTC launch co-branded contactless credit card on RuPay

SBI-Card-and-IRCTC-launch-co-branded-contactless-credit-card-on-RuPay

platformSBI Card and Indian Railway Catering and Tourism Corporation Ltd (IRCTC) today launched the IRCTC SBI Card on RuPayplatform. Designed to reward frequent railway travellers, the card offers travellers on Indian railways maximum savings proposition on their travel, together with superior benefits on retail, dining and entertainment, besides transaction fee waivers.

Cardholders of IRCTC SBI Card on RuPay platform receive upto 10% value back on AC1, AC2, AC3, AC CC bookings made at IRCTC website. The card also offers a 1% transaction fee waiver and 350 Bonus Reward Points upon card activation. Reward points accumulated on the card can be redeemed against free tickets on IRCTC website.

The cards equipped with Near Field Communication (NFC) technology. Customers can simply tap their cards at a secure reader for convenient, secure and faster transactions.

Piyush Goyal, Minister of Railways and Commerce and; Industry, Government of India, said “We are strongly committed in making Railways ‘Atmanirbhar’ in all the fields with ‘Make in India’ initiatives as envisaged by Prime Minister Narendra Modi. The IRCTC- SBI co-branded credit card is one of the many Make in India activities undertaken by the Railways. The whole country must progress towards electronic payments and endeavour to make paperless transactions. When three renowned and established institutions enter into a partnership, GOI’s dream of Digital India can be easily achieved. It is my belief that IRCTC SBICard on RuPay platform will be the most popular choice of card across all strata of society. This card will make us self- reliant and I also urge all the citizens to come forward and make their contribution in creating an Aatmanirbhar Bharat.”

Commenting on the occasion, Mr Rajnish Kumar, Chairman, State Bank of India, said, “The market of frequent rail travellers in India is vast and there is huge potential for credit cards catering exclusively to the needs of such travellers. IRCTC SBI Card, launched in 2006, is one the best performing travel products from SBI Card. With the launch of this flagship product onto the indigenous RuPay network, a wider audience will be able to avail of the strong value proposition offered by the card. With this launch, SBI Card once again reaffirms its commitment to bring consumers secure, value added, cashless payment solutions.”

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