New Delhi: IRCTC of Indian Railways and SBI Card have launched a new co-branded contactless credit card on RuPay platform. With the aim to offer a safe transaction environment to the customers, the new RuPay credit card is equipped with Near Field Communication (NFC) technology whereby the users can expedite their transactions at the POS machines by just tapping the card on the machines without swiping the card.
We are strongly committed to making Railways ‘Aatmanirbhar’ in all the fields with ‘Make In India’ initiatives as envisaged by Prime Minister. The IRCTC SBI co-branded card working on RuPay Platform is one of the many “Make In India” activities undertaken by the Railways: Piyush Goyal
Speaking on the occasion, Goyal said, “We are strongly committed to making Railways ‘Aatmanirbhar’ in all the fields with ‘Make In India’ initiatives as envisaged by the Prime Minister. The IRCTC & SBI co-branded card working on RuPay platform is one of the many “Make In India” activities undertaken by the Railways.”
Designed to reward frequent railway travellers, the new co-branded credit card offers the rail passengers maximum savings proposition on their travel together with exclusive benefits on retail, dining and entertainment as well as transaction fee waivers.
The cardholders will receive up to 10 percent value back on 1st AC, 2nd AC, 3rd AC, Executive Chair Car and AC Chair Car bookings made at the IRCTC website. The card also offers online transaction fee waiver (1 percent of the transaction amount), 1 percent fuel surcharge waiver and 4 premium lounge free access at Railway stations in a year (one per quarter). The users of the card will receive Rs 350 bonus reward points upon activation of the card with a minimum spent. The users can redeem the accumulated reward points against the purchase of train tickets on IRCTC’s ticketing website. In addition to savings on rail travel, the IRCTC & SBI card offers several benefits for online shopping portals. The customers can avail discounts while shopping at e-commerce sites.
With RuPay’s increasing market share and gaining popularity among Indian customers, the RuPay powered IRCTC & SBI co-branded credit card is yet another step to provide RuPay users with a delightful shopping experience.
The new co-branded credit card together substantiates the commitment of IRCTC, SBI Card and RuPay for promoting the Digital India initiatives and aims to ensure a safe, convenient and improved travel experience for the rail passengers.
(PSU Watch- India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)