Reliance SBI Card: An agreement has been signed between SBI Card and Reliance Retail. Under this, ‘Reliance SBI Card’ will be launched. With this card, the user is going to get many big benefits on purchases.
Reliance SBI Card variants
These cards have been launched in 2 variants – Reliance SBI Card, Reliance SBI Card PRIME. The annual fee of Prime Card is Rs 2,999 plus tax. Whereas for Reliance SBI Card is Rs 499 plus tax is applicable.
This card is made of recycled plastic and has been introduced on the RuPay platform. Cardholders will be able to spend an annual amount of Rs 3,00,000 on Reliance SBI Card Prime and Rs 1,00,000 on Reliance SBI Card.
About Reliance Retail
Reliance Retail Limited is a subsidiary of Reliance Retail Ventures Limited (RRVL), which is the holding company of all the retail companies under RIL (Reliance Industries Limited). RRVL reported a turnover of Rs 260,364 crore ($31.7 billion) and net profit of Rs 9,181 crore ($1.1 billion) for the year ending March 31, 2023.
Two variants of the Reliance SBI Card have been launched: Reliance SBI Card and Reliance SBI Card PRIME.
The annual fee for Reliance SBI Card PRIME is Rs 2,999 plus tax, while for Reliance SBI Card, it is Rs 499 plus tax.
Cardholders can spend an annual amount of Rs 3,00,000 on Reliance SBI Card PRIME and Rs 1,00,000 on Reliance SBI Card.
RRVL (Reliance Retail Ventures Limited) is the holding company of all the retail companies under RIL (Reliance Industries Limited).
Abhijit Chakravorty is the CEO of SBI card.
SBI Cards refers to the credit card business operated by SBI Cards and Payment Services Limited, a subsidiary of the State Bank of India (SBI).
Yes, AJIO comes under Reliance Retail’s digital commerce initiative.
The Reliance SBI Card has been introduced on the RuPay platform.