Unnati Credit Card launched by SBI to spread credit inclusion

Posted on:29 Mar 2017 17:10:29
Unnati Credit Card launched by SBI to spread credit inclusion
29 March 2017 Current Affairs: 'SBI Card' launched the Unnati Credit Card to spread credit inclusion.

Launched by: Union Minister of State (Independent Charge) for Power, Coal, New and Renewable Energy and Mines, Piyush Goyal in New Delhi.

Features of Unnati:-

•    The Unnati would have no annual fees (Rs 499/year) for the initial four years and the credit card will be offered through 20,000-plus State Bank of India (SBI) branches.

•    The card is targeted at all SBI customers, including the Jan Dhan account-holders across the country. And, It is primarily tailored for new users of credit cards, those who do not have a credit history.

•    Any SBI customer with a balance of at least Rs 25,000 in the savings account is eligible for the Unnati credit card.

•    The Easy Bill Pay facility of the card can be used to pay electricity, telephone, mobile and other utility bills.

•    The card is accepted in over 24 million outlets across the globe, including 3,25,000 outlets in India.

•    With SBI Card Unnati, add-on cards will be provided to the customer's parents, spouse, children or siblings above the age of 18.

SBI Card:- SBI Card, launched in October 1998, is a joint venture between the State Bank of India (SBI) and the GE Capital, the financial services arm of the US-based General Electric (GE).

SBI Chairman: Arundhati Bhattacharya

SBI Card CEO: Vijay Jasuja

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