Which major bank has launched the ‘Unnati Credit Card’ in 2017 to enhance credit inclusion in India?

Question

Question

This question was previously asked in

RRB ALP Previous Paper 10 (Held On: 10 Aug 2018 Shift 1)

Answer 1

The correct answer is option 1, i.e., SBI.
SBI has launched the ‘Unnati Credit Card’ in 2017 to enhance credit inclusion in India.
The card was launched on Mar 28, 2017, by the then MoS (I/C) for Power, Coal, New and Renewable Energy, and Mines, Mr. Piyush Goel.
The facility is available only in accounts where minimum balance maintained is Rs. 20000.
The facility is provided without checking the credit history of the customer.
The word 'Unnati' means 'progress', thus the credit card aimed to bring progress in the credit inclusion in India.
The card is issued free with no annual fee for the first four years of its subscription.
ICICI Bank Sapphiro Visa Credit Card is one of the credit cards by the ICICI bank.
Axis Bank Insta Easy Credit Card is one of the very famous credit card of Axis bank.
HDFC Regalia is a famous credit card by HDFC bank.