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SBI moots first multi currency debit card

SBI moots first multi currency debit card

Mumbai: The State Bank of India launched its first multi currency international debit card on Monday.

The bank in association with the master card has decided to launch this debit card that will allow the customers to make the payments of various currencies through a single card.

The deputy managing director of the bank stated that through this card the customer can make the payments in four currencies US dollar, euro, Great Britain pound and Singapore dollar. Later on more currencies will be added to the card. The card also offers the facility of loading currencies of choice at SBI’s branch network.

The card will issued to customers levying Rs 100 as the annual fee of the card. The maximum loaded in the card would be $200. This is a very beneficial card for the corporate, professional and the students travelling abroad for their studies. Currently the customer can avail this card from 100 branches of SBI in the four major cities.

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