Offer Terms & Conditions

1.This is a promotional Book My Show Voucher offer” (”Offer”) jointly made available by SBI Cards and Payments Services Private Limited (“ SBICPSL”)   under a commercial arrangement with Visa Worldwide Pte Limited (“ Visa”). This Offer is accordingly available to SBI Credit Cardholders under the aegis of VISA ( Collectively “ VISA Cardholders”). This Offer is further made available only to such VISA Cardholders to whom this Offer is communicated through an appropriate medium chosen at the sole option and discretion of SBICPSL.

2.Under the Offer, SBI Visa Cardholders who use their Card to pay three separate utility bills (each of a value of Rs 751 & above) during the Promotion Period using Visa Bill Pay at www.visabillpay.in/sbi  will be entitled to a Book My Show movie e-voucher (“E-Voucher”) subject to the terms and conditions as contained herein. These terms are jointly set forth by VISA and SBICPSL and the value of each of the Book My Show movie E-voucher given will be Rs.150 (One hundred fifty only). 

3.In order to qualify, the three utility bills must be made within the Promotion Period of 25th Jan. to 25th April 2012 using a single Card only. Only transactions logged under the same Card will be counted, and no accumulation of transactions from multiple cards is allowed. 

4.Payments made using both the methods:
- Using the registered login of the Cardholder at Visa Bill Pay at www.visabillpay.in/sbi or
- Bills paid using the "Pay right away" option will be eligible for the promotion. 

5.The VISA Cardholders who have qualified to receive the E-Vouchers under the Promotion will each receive a unique number (“Unique Redemption Number”) for redemption of Book My Show E-Vouchers.  The E-Vouchers and respective Unique Redemption Numbers will be sent (by Visa) through their contact details registered with Visa Bill Pay, such as email address and SMS.

6.The Unique Redemption Number will be sent approximately 15 days after the VISA Cardholder has made the last of the 3 utility bill payments that has qualified him/her to redeem the E-Voucher under the Promotion.

7.E-Vouchers can only be redeemed online at www.bookmyshow.com (“Book My Show Website”), using the Unique Redemption Number allocated and sent to the qualifying VISA Cardholders. All VISA Cardholders must therefore visit the Book My Show Website with their Unique Redemption Number in order to redeem their E-Vouchers.

8.VISA Cardholders should contact Book My Show Cinemas directly in case of any difficulty or queries in relation to the use of the Book My Show Website and/or redemption of the E-Vouchers.   

9.E-Vouchers can only be redeemed/used within the validity period of 30 days from the day the voucher is received and notified to the VISA Cardholder via the email/SMS containing the Unique Redemption Number.

10.Usage of E-Vouchers shall be subject to terms and conditions that may be imposed by Book My Show (as modified by Book My Show from time to time) and it is the sole responsibility of the VISA Cardholder to check and comply with these terms and conditions.

11.Usage of vouchers shall be subject always to availability of tickets. In addition, block out periods or timings may apply for various shows.  Cardholders should check with Book My Show directly in case of any queries in relation to availability of shows for booking using their E-Vouchers. In sum the E-vouchers mode of redemption and any other matter connected with its use is concurrently governed by the standard terms of the owning franchisees for these movie vouchers and that shall be to the exclusion of any reference to either VISA and/or SBICPSL. 

12.E-Vouchers redeemed under the Promotion cannot be combined or used in conjunction with any other promotion or privileges (including club or membership privileges with Visa and/or Book My Show). 

13.All E-Vouchers are non-transferable and cannot be exchanged for cash. 

14.E-Vouchers will not be re-issued in case of loss or deletions (accidental or otherwise) of e-mail / SMS, and will not be extended, revalidated or reissued if not redeemed or used within the validity period. 

15.SBICPSL  will not be responsible for any non-receipt (for any reason) by Cardholders of their E-Voucher entitlements, including without limitation, due to failure of transmission of the Unique Redemption Voucher via email, SMS or other registered contact details of the Cardholder.

16.Whilst information about the Promotion is correct at the time of publication, SBICPSL  only in consultation and in mutual agreement b with Visa may , discontinue, amend, vary and/or withdraw the Promotion (or any aspect of it, including terms and conditions thereof) at any time with/without prior notice. 

17.For the avoidance of doubt, SBICPSL or Visa will not be obliged to publish or reveal under any circumstances the list of qualifying Cardholders, any information relating to redemption of the Vouchers under the Promotion, or the selection process under the Promotion except as may be mandated by law.

18.Visa will not be responsible under any circumstances for any failure, act or omission of Book My Show Cinemas in relation to the usage of the Book My Show Website by Cardholders, and/or redemption or usage of E-Vouchers by Cardholders (or attempts by Cardholders thereof) via the Book My Show Website.

19.Every VISA Cardholder who takes part in the Promotion or who uses their Visa card to make utility bill payment (of any amount) using Visa Bill Pay at www.visabillpay.in/sbi, irrevocably agrees and undertakes to be bound by the terms and conditions stated in this Book My Show Voucher Offer General Terms And Conditions of Promotion

20.All matters pertaining to the VISA bill pay service as provided by VISA through its Services Provider Indiaideas. Com Private Limited (“ Billdesk”) is to the sole reference and resolution by VISA and BillDesk. SBICPSL shall not have any role , responsibility or liability in this regard. For other terms of VISA Bill pay Service , kindly refer to: 
https://www.visabillpay.in/jsp/legal_vbp.htm.  These terms are concurrently made applicable on this Offer.

21.All disputes and differences arising out of a VISA Cardholder use of this Offer and benefits contained herein are subject to first conciliation and subsequently arbitration in accordance with the provisions of the Indian Arbitration and Conciliation Act , 1996 including any statutory amendments carried thereto. Arbitration proceedings on emergence of a dispute or difference through notice shall be conducted by a sole arbitrator appointed by SBICPSL. The place of arbitration shall be New Delhi and the language of arbitration shall be English. The award of the arbitrator shall be final and binding on the Parties as final and definitive decree of the court. Existence of a dispute shall not constitute a claim against SBICPSL or any of its associated partners.

22.SBI Cards disclaims all liability with regard to use of information provided herein and the specifically stipulates that the information is being provided on a best -effort basis for informational purposes only. SBI Cards shall not be responsible for any losses and/or damages to any person for use of the information.

1. The offer is on Flexipay facility and is open only to those SBI credit card holders ("Cardholders") who have received the offer from SBI Cards and Payment Services Pvt. Ltd ("SBICPSL") through an appropriate medium decided by SBICPSL

2. The Flexipay facility is not available to the delinquent and any other ineligible SBI credit cardholders determined as per the internal policy of SBICPSL. Accordingly approval of Flexipay facility is at the sole and absolute discretion of SBICPSL.

3. Under this offer a Cardholder be allowed to convert the entire retail balance in the card to monthly installments. The Flexipay Balance conversion offer will be at the Interest rate of 10% p.a. and a processing fee of 2% which is subject to a minimum of Rs.149 and a  maximum of Rs.750. Cardholder will also be eligible for 500 reward points for Flexipay transaction of Rs.5000 to Rs.20000 and 1000 reward points for Flexipay transaction of Rs.20001 and above.

4. Under this offer cardholder will be allowed to convert only the retail balances into installments. Interest levied, Fees & Charges, GST and any other charges levied by on the card cannot be converted into installments.

5. This offer on Flexipay is valid from 1st Nov to 31st Jan 2012 ("Term"). Any bookings made after  31st Jan 2012 will attract standard Flexi pay interest rate and  processing fee.

6. The offer on Flexipay facility is subject to a minimum single Flexipay booking of Rs.5000 & above. More than one retail transaction of Rs.500 and above can be clubbed together to avail the offer.  The SBI Credit card holder can call up SBI Card help line within 30 days of the purchase and ask for transfer of the  retail balance or the said retail transaction amount to Flexipay. However if the Flexipay booking is done on website only transaction above Rs.2500 will be allowed to be converted to Flexipay.

7. Maximum Reward points that can be earned by a Cardholder during the offer period is 3000. Under no circumstances, more than 3000 reward points can be earned by a Cardholder during this Offer Term. In case the cardholder cancels the Flexipay the credited Reward points will be rolled back.

8. The offer is not valid on Credit card types, which don’t have reward points as feature of card.

9. No Reward points will be credited to cardholders who are blocked or delinquent at any time during the offer period from 1st Nov to 31st Jan 2012 (Both days inclusive).

10. There is a separate reward points redemption fee and such fee shall be made applicable at each time that the redemption are sought to be effected through appropriate mediums set forth by SBICPSL in this regard and such fees shall be communicated via such mediums, if and when the occasion arises.

11. For the purposes of booking Flexipay, the period of 30 days from the date of the retail transaction is the defined term ("Term"). If any transaction is converted to Flexipay after the Payment Due Date ("PDD"), interest charges of 3.35% will be levied on the transaction amount for the period beginning from the date of transaction to the date on which Flexipay conversion takes place. Additionally it is clarified that irrespective of the foregoing charges, a cardholder who has not paid the "Minimum Amount Due ("MAD")  in full, Late payment charges will be levied.

12. It is stipulated that if the retail transactions are paid in full the same cannot be converted to Flexipay. If the transaction amount or the retail balance amount is partially paid and the sum of unpaid retail balance amount is equal to Rs.5000 or more, only the unpaid balance amount can be converted to Flexipay.

13. In case the SBI Credit cardholders has made multiple retail purchase transactions, then the SBI Credit Cardholders can combine these transactions and move the consolidated purchase amount to the Flexipay Scheme.

14. The Flexipay facility is applicable/available only on retail purchases made by either Primary or Add on SBI Credit Card. No standalone request from an Add-on SBI Credit Cardholder will be entertained for transfer of retail purchases to Flexipay. The request can be made by primary Cardholder only.  

15. The transfer of retail purchase transaction(s) to Flexipay will only be allowed if Current Balance Amount (Billed and Unbilled) + Interest + Processing Fee is less than the Credit Limit available at the time of transfer to the Flexipay.

16. It is stipulated, if the SBI credit cardholder is revolving at the time of request for transfer of retail purchase to Flexipay, he will continue to be charged the standard credit card charge of 3.35% on his revolving balance till the time the transfer to Flexipay actually takes place within the term defined hereinabove.

17. Upon Flexipay approval, the SBI Credit Cardholder credit limit shall be blocked upto Flexipay Principal Amount + Interest + Processing Fee. The Credit limit gets adjusted as and when the Flexipay installment payments are made by the SBI credit cardholder.

18. A SBI credit card holder can take multiple Flexipays subject to the available credit limit on his SBI Credit Card account.

19. Flexipay monthly installment is calculated as (Flexipay Principal Amount + Flexipay interest charge)/ Tenure. Example: Principle amount is Rs.10,000, Interest rate is 14.5% p.a. and Tenure is 24 months. The total interest charge will be (10,000 * 14.5% * 24/12) = Rs.2,900. The EMI is calculated as (10,000 + 2,900)/24.

20. At any given month the portion of the monthly repayment amount applied towards interest is determined by multiplying the reducing interest rate with the principal outstanding after the deduction of the previous month repayment amount. In other words, the reducing rate of interest is the rate which when charged brings the outstanding principal to zero at the end of the tenor, where the interest charged is calculated on a reducing principal balance. Illustrative example of amortisation scheduled given in point No. 38.

21. Flexipay monthly installment schedule will begin from the SBI Cardholder next billing statement and continue over the Flexipay tenure. The Flexipay monthly installment (s) shall be included in the MAD of the Statement of account in the duration of the Flexipay  tenure.

22. The MAD will be 5% of the SBI Cardholder existing revolving balances (Retail/Cash/Balance Transfer) and Flexipay monthly installment due (or all Flexipay monthly installments due in case of multiple Flexipays booked by the Cardholder).

23. Non Payment of MAD will attract normal late payment fees and a standard credit charge of 3.35% on the unpaid Flexipay monthly installments.

24. Under Payment of MAD will attract normal late payment fees and a standard credit charge of 3.35% on the unpaid Flexipay monthly installments

25. The Flexipay will be cancelled/terminated when the Cardholder’s credit card becomes delinquent or blocked before all the Flexipay installments have been charged. The outstanding Flexipay Principal Amount will be moved back to SBI Cardholder retail balance and a cancellation fee of 3% shall be levied on the same.

26. In the event, a Cardholder puts a cancellation request, within 45 days of Flexipay facility getting booked then all fees charged will be reversed.

27. A Cardholder can make request for cancellation of Flexipay either in writing or calling the SBI Card helpline.  On receipt of this request, the outstanding Flexipay principal amount is moved back to the  Cardholder’s retail balance and a cancellation fee of 3% post 45 days shall be levied on the same. The outstanding principle amount is calculated basis reducing interest rate.

28. At the time of cancellation of Flexipay, if the SBI Cardholders account is revolving, then the above mentioned amount (Flexipay Principal amount + Cancellation fee) will be added to the revolving balance and will attract a standard credit card interest charges.

29. Booking a Flexipay on phone will be deemed as acceptance of the terms and conditions of this programme as set forth on www.sbicard.com and/or any other medium chosen by SBICPSL.

30. Flexipay booking requests sent by mail or electronic mail will be considered valid only if received by SBICPSL within 30 days of transaction date.

31. No request for Flexipay will be entertained within 90 days of SBI Cardholder’s flipping/change of card request.

32. Transfer from one Flexipay to another will not be entertained.

33. The terms and conditions of flexipay bookings may be altered, amended or changed by SBICPSL at its sole option and discretion at any time without affecting the flexipay bookings already done.

34. SBI credit cardholders are not bound in any way to participate in this program. Any such participation is voluntary. Flexipay is offered by SBICPSL on best effort basis.

35. Government service tax shall be levied on all fees, interest charges, etc as applicable.

36. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on www.sbicard.com
37. All and any disputes or differences arising from the Offer shall be subject to arbitration within the meaning of the Indian Arbitration and Conciliation Act, 1996. A sole arbitrator appointed by SBICPSL for this purpose shall carry out arbitration of all such disputes and/or differences. The award of the arbitrator shall be final and binding on the disputing parties. The place of arbitration shall be New Delhi and the language of arbitration shall be English. Existence of a difference /dispute shall not constitute a claim against SBICPSL.
38. Illustrative example of amortisation schedule:

# Government Service Tax calculated @ 10.30% of interest component

1. The offer is on Flexipay facility and is open only to those SBI credit card holders ("Cardholders") who have received the offer from SBI Cards and Payment Services Pvt. Ltd ("SBICPSL") through an appropriate medium decided by SBICPSL

2. The Flexipay facility is not available to the delinquent and any other ineligible SBI credit cardholders determined as per the internal policy of SBICPSL. Accordingly approval of Flexipay facility is at the sole and absolute discretion of SBICPSL.

3. Under this offer a Cardholder be allowed to convert the entire retail balance in the card to monthly installments. The Flexipay Balance conversion offer will be at the Interest rate of 12.5% p.a. and a processing fee of 2% which is subject to a minimum of Rs.149 and a  maximum of Rs.750. Cardholder will also be eligible for 500 reward points for Flexipay transaction of Rs.5000 to Rs.20000 and 1000 reward points for Flexipay transaction of Rs.20001 and above.

4. Under this offer cardholder will be allowed to convert only the retail balances into installments. Interest levied, Fees & Charges, GST and any other charges levied by on the card cannot be converted into installments.

5. This offer on Flexipay is valid from 1st Nov to 31st Jan 2012 ("Term"). Any bookings made after  31st Jan 2012 will attract standard Flexi pay interest rate and  processing fee.

6. The offer on Flexipay facility is subject to a minimum single Flexipay booking of Rs.5000 & above. More than one retail transaction of Rs.500 and above can be clubbed together to avail the offer.  The SBI Credit card holder can call up SBI Card help line within 30 days of the purchase and ask for transfer of the  retail balance or the said retail transaction amount to Flexipay. However if the Flexipay booking is done on website only transaction above Rs.2500 will be allowed to be converted to Flexipay.

7. Maximum Reward points that can be earned by a Cardholder during the offer period is 3000. Under no circumstances, more than 3000 reward points can be earned by a Cardholder during this Offer Term. In case the cardholder cancels the Flexipay the credited Reward points will be rolled back.

8. The offer is not valid on Credit card types, which don’t have reward points as feature of card.

9. No Reward points will be credited to cardholders who are blocked or delinquent at any time during the offer period from 1st Nov to 31st Jan 2012 (Both days inclusive).

10. There is a separate reward points redemption fee and such fee shall be made applicable at each time that the redemption are sought to be effected through appropriate mediums set forth by SBICPSL in this regard and such fees shall be communicated via such mediums, if and when the occasion arises.

11. For the purposes of booking Flexipay, the period of 30 days from the date of the retail transaction is the defined term ("Term"). If any transaction is converted to Flexipay after the Payment Due Date ("PDD"), interest charges of 3.35% will be levied on the transaction amount for the period beginning from the date of transaction to the date on which Flexipay conversion takes place. Additionally it is clarified that irrespective of the foregoing charges, a cardholder who has not paid the "Minimum Amount Due ("MAD")  in full, Late payment charges will be levied.

12. It is stipulated that if the retail transactions are paid in full the same cannot be converted to Flexipay. If the transaction amount or the retail balance amount is partially paid and the sum of unpaid retail balance amount is equal to Rs.5000 or more, only the unpaid balance amount can be converted to Flexipay.

13. In case the SBI Credit cardholders has made multiple retail purchase transactions, then the SBI Credit Cardholders can combine these transactions and move the consolidated purchase amount to the Flexipay Scheme.

14. The Flexipay facility is applicable/available only on retail purchases made by either Primary or Add on SBI Credit Card. No standalone request from an Add-on SBI Credit Cardholder will be entertained for transfer of retail purchases to Flexipay. The request can be made by primary Cardholder only.  

15. The transfer of retail purchase transaction(s) to Flexipay will only be allowed if Current Balance Amount (Billed and Unbilled) + Interest + Processing Fee is less than the Credit Limit available at the time of transfer to the Flexipay.

16. It is stipulated, if the SBI credit cardholder is revolving at the time of request for transfer of retail purchase to Flexipay, he will continue to be charged the standard credit card charge of 3.35% on his revolving balance till the time the transfer to Flexipay actually takes place within the term defined hereinabove.

17. Upon Flexipay approval, the SBI Credit Cardholder credit limit shall be blocked upto Flexipay Principal Amount + Interest + Processing Fee. The Credit limit gets adjusted as and when the Flexipay installment payments are made by the SBI credit cardholder.

18. A SBI credit card holder can take multiple Flexipays subject to the available credit limit on his SBI Credit Card account.

19. Flexipay monthly installment is calculated as (Flexipay Principal Amount + Flexipay interest charge)/ Tenure. Example: Principle amount is Rs.10,000, Interest rate is 14.5% p.a. and Tenure is 24 months. The total interest charge will be (10,000 * 14.5% * 24/12) = Rs.2,900. The EMI is calculated as (10,000 + 2,900)/24.

20. At any given month the portion of the monthly repayment amount applied towards interest is determined by multiplying the reducing interest rate with the principal outstanding after the deduction of the previous month repayment amount. In other words, the reducing rate of interest is the rate which when charged brings the outstanding principal to zero at the end of the tenor, where the interest charged is calculated on a reducing principal balance. Illustrative example of amortisation scheduled given in point No. 38.

21. Flexipay monthly installment schedule will begin from the SBI Cardholder next billing statement and continue over the Flexipay tenure. The Flexipay monthly installment (s) shall be included in the MAD of the Statement of account in the duration of the Flexipay  tenure.

22. The MAD will be 5% of the SBI Cardholder existing revolving balances (Retail/Cash/Balance Transfer) and Flexipay monthly installment due (or all Flexipay monthly installments due in case of multiple Flexipays booked by the Cardholder).

23. Non Payment of MAD will attract normal late payment fees and a standard credit charge of 3.35% on the unpaid Flexipay monthly installments.

24. Under Payment of MAD will attract normal late payment fees and a standard credit charge of 3.35% on the unpaid Flexipay monthly installments

25. The Flexipay will be cancelled/terminated when the Cardholder’s credit card becomes delinquent or blocked before all the Flexipay installments have been charged. The outstanding Flexipay Principal Amount will be moved back to SBI Cardholder retail balance and a cancellation fee of 3% shall be levied on the same.

26. In the event, a Cardholder puts a cancellation request, within 45 days of Flexipay facility getting booked then all fees charged will be reversed.

27. A Cardholder can make request for cancellation of Flexipay either in writing or calling the SBI Card helpline.  On receipt of this request, the outstanding Flexipay principal amount is moved back to the  Cardholder’s retail balance and a cancellation fee of 3% post 45 days shall be levied on the same. The outstanding principle amount is calculated basis reducing interest rate.

28. At the time of cancellation of Flexipay, if the SBI Cardholders account is revolving, then the above mentioned amount (Flexipay Principal amount + Cancellation fee) will be added to the revolving balance and will attract a standard credit card interest charges.

29. Booking a Flexipay on phone will be deemed as acceptance of the terms and conditions of this programme as set forth on www.sbicard.com and/or any other medium chosen by SBICPSL.

30. Flexipay booking requests sent by mail or electronic mail will be considered valid only if received by SBICPSL within 30 days of transaction date.

31. No request for Flexipay will be entertained within 90 days of SBI Cardholder’s flipping/change of card request.

32. Transfer from one Flexipay to another will not be entertained.

33. The terms and conditions of flexipay bookings may be altered, amended or changed by SBICPSL at its sole option and discretion at any time without affecting the flexipay bookings already done.

34. SBI credit cardholders are not bound in any way to participate in this program. Any such participation is voluntary. Flexipay is offered by SBICPSL on best effort basis.

35. Government service tax shall be levied on all fees, interest charges, etc as applicable.

36. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on www.sbicard.com
37. All and any disputes or differences arising from the Offer shall be subject to arbitration within the meaning of the Indian Arbitration and Conciliation Act, 1996. A sole arbitrator appointed by SBICPSL for this purpose shall carry out arbitration of all such disputes and/or differences. The award of the arbitrator shall be final and binding on the disputing parties. The place of arbitration shall be New Delhi and the language of arbitration shall be English. Existence of a difference /dispute shall not constitute a claim against SBICPSL.
38. Illustrative example of amortisation schedule:

# Government Service Tax calculated @ 10.30% of interest component.

1. The offer is on Flexipay facility and is open only to those SBI credit card holders ("Cardholders") who have received the offer from SBI Cards and Payment Services Pvt. Ltd ("SBICPSL") through an appropriate medium decided by SBICPSL

2. The Flexipay facility is not available to the delinquent and any other ineligible SBI credit cardholders determined as per the internal policy of SBICPSL. Accordingly approval of Flexipay facility is at the sole and absolute discretion of SBICPSL.

3. Under this offer a Cardholder be allowed to convert the entire retail balance in the card to monthly installments. The Flexipay Balance conversion offer will be at the Interest rate of 14% p.a. and a processing fee of 2% which is subject to a minimum of Rs.149 and a  maximum of Rs.750. Cardholder will also be eligible for 500 reward points for Flexipay transaction of Rs.5000 to Rs.20000 and 1000 reward points for Flexipay transaction of Rs.20001 and above.

4. Under this offer cardholder will be allowed to convert only the retail balances into installments. Interest levied, Fees & Charges, GST and any other charges levied by on the card cannot be converted into installments.

5. This offer on Flexipay is valid from 1st Nov to 31st Jan 2012 ("Term"). Any bookings made after 31st Jan 2012 will attract standard Flexi pay interest rate and  processing fee.

6. The offer on Flexipay facility is subject to a minimum single Flexipay booking of Rs.5000 & above. More than one retail transaction of Rs.500 and above can be clubbed together to avail the offer.  The SBI Credit card holder can call up SBI Card help line within 30 days of the purchase and ask for transfer of the  retail balance or the said retail transaction amount to Flexipay. However if the Flexipay booking is done on website only transaction above Rs.2500 will be allowed to be converted to Flexipay.

7. Maximum Reward points that can be earned by a Cardholder during the offer period is 3000. Under no circumstances, more than 3000 reward points can be earned by a Cardholder during this Offer Term. In case the cardholder cancels the Flexipay the credited Reward points will be rolled back.

8. The offer is not valid on Credit card types, which don’t have reward points as feature of card.

9. No Reward points will be credited to cardholders who are blocked or delinquent at any time during the offer period from 1st Nov to 31st Jan 2012 (Both days inclusive).

10. There is a separate reward points redemption fee and such fee shall be made applicable at each time that the redemption are sought to be effected through appropriate mediums set forth by SBICPSL in this regard and such fees shall be communicated via such mediums, if and when the occasion arises.

11. For the purposes of booking Flexipay, the period of 30 days from the date of the retail transaction is the defined term ("Term"). If any transaction is converted to Flexipay after the Payment Due Date ("PDD"), interest charges of 3.35% will be levied on the transaction amount for the period beginning from the date of transaction to the date on which Flexipay conversion takes place. Additionally it is clarified that irrespective of the foregoing charges, a cardholder who has not paid the "Minimum Amount Due ("MAD")  in full, Late payment charges will be levied.

12. It is stipulated that if the retail transactions are paid in full the same cannot be converted to Flexipay. If the transaction amount or the retail balance amount is partially paid and the sum of unpaid retail balance amount is equal to Rs.5000 or more, only the unpaid balance amount can be converted to Flexipay.

13. In case the SBI Credit cardholders has made multiple retail purchase transactions, then the SBI Credit Cardholders can combine these transactions and move the consolidated purchase amount to the Flexipay Scheme.

14. The Flexipay facility is applicable/ available only on retail purchases made by either Primary or Add on SBI Credit Card. No standalone request from an Add-on SBI Credit Cardholder will be entertained for transfer of retail purchases to Flexipay. The request can be made by primary Cardholder only.  

15. The transfer of retail purchase transaction(s) to Flexipay will only be allowed if Current Balance Amount (Billed and Unbilled) + Interest + Processing Fee is less than the Credit Limit available at the time of transfer to the Flexipay.

16. It is stipulated, if the SBI credit cardholder is revolving at the time of request for transfer of retail purchase to Flexipay, he will continue to be charged the standard credit card charge of 3.35% on his revolving balance till the time the transfer to Flexipay actually takes place within the term defined hereinabove.

17. Upon Flexipay approval, the SBI Credit Cardholder credit limit shall be blocked upto Flexipay Principal Amount + Interest + Processing Fee. The Credit limit gets adjusted as and when the Flexipay installment payments are made by the SBI credit cardholder.

18. A SBI credit card holder can take multiple Flexipays subject to the available credit limit on his SBI Credit Card account.

19. Flexipay monthly installment is calculated as (Flexipay Principal Amount + Flexipay interest charge)/ Tenure. Example: Principle amount is Rs.10,000, Interest rate is 14.5% p.a. and Tenure is 24 months. The total interest charge will be (10,000 * 14.5% * 24/12) = Rs.2,900. The EMI is calculated as (10,000 + 2,900)/24.

20. At any given month the portion of the monthly repayment amount applied towards interest is determined by multiplying the reducing interest rate with the principal outstanding after the deduction of the previous month repayment amount. In other words, the reducing rate of interest is the rate which when charged brings the outstanding principal to zero at the end of the tenor, where the interest charged is calculated on a reducing principal balance. Illustrative example of amortisation scheduled given in point No. 38.

21. Flexipay monthly installment schedule will begin from the SBI Cardholder next billing statement and continue over the Flexipay tenure. The Flexipay monthly installment (s) shall be included in the MAD of the Statement of account in the duration of the Flexipay  tenure.

22. The MAD will be 5% of the SBI Cardholder existing revolving balances (Retail/Cash/Balance Transfer) and Flexipay monthly installment due (or all Flexipay monthly installments due in case of multiple Flexipays booked by the Cardholder).

23. Non Payment of MAD will attract normal late payment fees and a standard credit charge of 3.35% on the unpaid Flexipay monthly installments.

24. Under Payment of MAD will attract normal late payment fees and a standard credit charge of 3.35% on the unpaid Flexipay monthly installments

25. The Flexipay will be cancelled/terminated when the Cardholder’s credit card becomes delinquent or blocked before all the Flexipay installments have been charged. The outstanding Flexipay Principal Amount will be moved back to SBI Cardholder retail balance and a cancellation fee of 3% shall be levied on the same.

26. In the event, a Cardholder puts a cancellation request, within 45 days of Flexipay facility getting booked then all fees charged will be reversed.

27. A Cardholder can make request for cancellation of Flexipay either in writing or calling the SBI Card helpline.  On receipt of this request, the outstanding Flexipay principal amount is moved back to the  Cardholder’s retail balance and a cancellation fee of 3% post 45 days shall be levied on the same. The outstanding principle amount is calculated basis reducing interest rate.

28. At the time of cancellation of Flexipay, if the SBI Cardholders account is revolving, then the above mentioned amount (Flexipay Principal amount + Cancellation fee) will be added to the revolving balance and will attract a standard credit card interest charges.

29. Booking a Flexipay on phone will be deemed as acceptance of the terms and conditions of this programme as set forth on www.sbicard.com and/or any other medium chosen by SBICPSL.

30. Flexipay booking requests sent by mail or electronic mail will be considered valid only if received by SBICPSL within 30 days of transaction date.

31. No request for Flexipay will be entertained within 90 days of SBI Cardholder’s flipping/change of card request.

32. Transfer from one Flexipay to another will not be entertained.

33. The terms and conditions of flexipay bookings may be altered, amended or changed by SBICPSL at its sole option and discretion at any time without affecting the flexipay bookings already done.

34. SBI credit cardholders are not bound in any way to participate in this program. Any such participation is voluntary. Flexipay is offered by SBICPSL on best effort basis.

35. Government service tax shall be levied on all fees, interest charges, etc as applicable.

36. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on www.sbicard.com
37. All and any disputes or differences arising from the Offer shall be subject to arbitration within the meaning of the Indian Arbitration and Conciliation Act, 1996. A sole arbitrator appointed by SBICPSL for this purpose shall carry out arbitration of all such disputes and/or differences. The award of the arbitrator shall be final and binding on the disputing parties. The place of arbitration shall be New Delhi and the language of arbitration shall be English. Existence of a difference /dispute shall not constitute a claim against SBICPSL.
38. Illustrative example of amortisation schedule:

# Government Service Tax calculated @ 10.30% of interest component.