SPICEJET SBI CARD CONDITIONS

Spiceject SBI Master Cardholder Agreement

Before you sign or use the enclosed SBI Card/ Spicejet SBI Card/ Spicejet SBI MasterCard herein called as SBI Card or Card, please read this Agreement, as your use of the Card will be governed by the terms and conditions below:

Definitions

'You' and 'Your' shall mean the applicant whose name appears on the SBI Card application form and includes his/her heirs and assignees. 'Additional Cardholder' shall mean an individual issued a Card as per your instruction in line with clause 2.6 of this Agreement. 'Card' or 'Credit Card' or 'SBI Card' shall mean a credit card issued by SBICPSL on a Card Account and which entitles a Cardholder to use the Card Account. 'Cardholder' is an individual who holds a Card under this Agreement and shall mean a Primary Cardholder and, where appropriate the Additional Cardholder. 'Card Account' shall mean an account opened and maintained by SBICPSL for the purpose of usage of the Card, under this Agreement. 'Cash Advance' shall mean any transaction whereby cash or cash equivalent is obtained by the Cardholder by use of the Card/Card number. 'Charges' shall mean all amounts charged to the Card Account under this Agreement including but not limited to purchase of goods, services or cash advances by use of the Card or a Card number, balance transfers, joining fee, annual fees, interest charges, finance charges, over limit charges, late payment charges, collection charges, maintenance charges transaction charges and service charges. 'International transactions' mean the transactions entered into by the Cardholder on his/her Card outside of India, Nepal and Bhutan. 'Merchant Establishment' shall mean any company, establishment, firm or person, wherever located and in whatever form (including the Internet), which is designated as a VISA/ MASTERCARD merchant and/or with whom there is an arrangement for a Cardholder to obtain goods , ser v ices or cash advances by use of the Card or Card number and includes any establishment displaying the VISA/ MASTERCARD symbol which appears on the face of the Card. 'Primary Cardholder' means a Cardholder in whose name the Card Account is maintained. 'Purchase Balance' shall mean any and all amounts relating to non-cash transactions owing to SBICPSL. 'Total Outstanding', 'Outstanding' or 'Outstanding Balance' (capitalised or not, in singular or plural) shall mean any and all amounts owing to SBICPSL on the Card Account. 'SBICPSL' shall mean SBI Cards & Payment Services Private Limited having its registered office at SBI Local Head Office Building, 4th floor, 11, Parliament Street, New Delhi-110 001, and shall include its successors and assignees.

The Card

You shall be deemed to have unconditionally agreed to be bound by this Cardholder Agreement by acknowledging receipt of the Card in writing or by signing on the reverse of the Card or by incurring a Charge on the Card. If you do not wish to be bound by this Agreement then you must cut the Card in half and return it to SBICPSL promptly. The Card is the property of SBICPSL and must be surrendered to SBICPSL on request. o The Cardholder must not permit any other person to use the Card and should safeguard it from misuse by retaining it under his/her personal control at all times. o oo Each Cardholder may be issued a personal identification number or a password (PIN) to enable use of the Card for accessing his/her Card Account on the ATM and Internet and also for availing any privilege, benefit or service that may be offered by SBICPSL on the Card. The PIN will be communicated to the Cardholder entirely at his/her risk, who shall not disclose the PIN to any person and shall take all possible care to avoid its discovery by any person. The Cardholder shall be liable for all transactions made with the use of the PIN, whether with or without the knowledge of the Cardholder. SBICPSL reserves the right to refuse any transactions if it believes that the PIN is being misused or being used without appropriate authorisation. o The Card is valid up to the last day of the month of the year indicated on the face of the Card unless cancelled earlier. Upon expiry or earlier cancellation, the Card may be renewed or reinstated at the sole discretion of SBICPSL. On expiry, the Card must be destroyed by cutting it in half diagonally. o A Joining fee at the prevailing rate will be levied on opening of the Card Account. An Annual fee at the prevailing rate will be levied upon opening of the Card Account and then annually during the month in which the Card Account was originally opened. An Annual Additional Card fee will also be levied for each Additional Card on the Card Account at the prevailing rate. The Joining and Annual fee(s) are subject to change at the discretion of SBICPSL and are not refundable. o SBICPSL may, based on the Primary Cardholder's written request, issue Additional Cards to individuals nominated by the Primary Cardholder who shall be unconditionally bound by this Agreement. o The Primary Cardholder shall be fully liable to SBICPSL for all the Charges on his/her Card and also for those incurred by the Additional Cardholders. The Additional Cardholders shall be jointly and severally liable to SBICPSL for all the Charges even though the monthly statement of account may be sent only to the Primary Cardholder. The Primary Cardholder may at any time request cancellation of any Additional Card(s) but will continue to remain liable for any Charges on such Additional Card(s).

Use of the Card

• The Card is valid for use in India and internationally as per usage restrictions, entitlements and other conditions stipulated by Reserve Bank of India (“RBI”) or any other Government authority from time to time. • The Card is not valid for payment in foreign exchange in Nepal and Bhutan. The currency of transaction on the Card in Nepal and Bhutan shall be the local currency or Indian Rupee.• The Cardholder (including the Additional Cardholder) shall strictly comply with all requirements of the foreign exchange control/management regulations issued by RBI from time to time and in the event of non-compliance, the Cardholder will be liable for action under the applicable exchange control/ management regulations. Moreover, the Cardholder may be debarred from holding the Card at the instance of RBI or SBICPSL • Use of the Card at Merchant Establishments will be limited by the credit limit assigned to each Card Account by SBICPSL from time to time. In case of Additional Cards issued by SBICPSL, the extent of use of all Cards so issued will be limited by the Card Account's credit limit. The Outstanding on the Card Account must not exceed the credit limit at any time. In the event of breach of this provision, the Cardholder will be charged an over limit fee at the prevailing rate. The Cardholder must repay the excess immediately. The over limit fee is subject to change at the discretion of SBICPSL. The credit limit may be revised from time to time at the discretion of SBICPSL. • SBICPSL may, at any time without prior notice, refuse authorisation for a Charge incurred at a Merchant Establishment, and/or restrict or defer the Cardholder's ability to use the Card and/or suspend or cancel the Card and/or repossess (directly or through a Merchant Establishment or any other third party) the Card if it reasonably believes that it is necessary to do so for proper management of credit or business risk or if the Card or the Card Account is being or likely to be misused or if the Cardholder is in violation of the exchange control/management regulations or any other applicable law or regulation. • The Card may be used for personal purposes and for bona fide business expenses. • The Cardholder shall ensure that he/she maintains a detailed record of his/her transactions on the Internet. SBICPSL is not obliged to make any independent verification with regard to order details provided by the Cardholder and shall be entitled to rely on the details submitted by the Cardholder on the Internet. • Some transactions may attract a service charge, in addition to the amount of the Charge, at certain Merchant Establishments. SBICPSL may also levy charges for collection of cheques, maintenance of the Card Accounts, and for other services that may be rendered to the Cardholder from time to time. • The Cardholder must sign and collect the Chargeslip, Cash Advance Slip or Mail Order Coupon at the time of incurring the Charge. Failure to sign a chargeslip will not avoid liability for the Charges. The Cardholder must retain his/her own copy of the chargeslips. Copies of chargeslips will not normally be provided by SBICPSL. However, at its discretion, and upon customer request, SBICPSL may provide copies thereof subject to an additional charge of Rs. 125/- per chargeslip (plus tax), which charge is subject to change at the discretion of SBICPSL • In relation to Charges on account of mail order or telephone or electronic commerce (e.g. on the Internet) where a chargeslip or voucher may not be available for signature, the Cardholder ccepts that in the event of any dispute regarding the authenticity or validity of such a Charge, the Cardholder will first clear his/her Outstanding on the Card and then endeavour to resolve the dispute directly with the concerned Merchant Establishment. • Any chargeslip or other payment requisition (electronic or otherwise) received from a Merchant Establishment or any intermediary by SBICPSL for payment shall be conclusive proof that the amount recorded on such chargeslip or other requisition was properly incurred by the use of the Card by the Cardholder. Should the Cardholder choose to disagree with a Charge indicated in the monthly statement of account, the same should be communicated to SBICPSL within 10 (ten) days of the statement date, failing which it would be construed that 2 all Charges and the monthly statement of account are entirely in order. • You agree that an electronic record or printout of an electronic record or a copy produced from a microfilm or a scanned /digital image of any document or Charge relating to your Card / Card Account with SBICPSL or produced from data received by SBICPSL electronically from the Merchant Establishment or from you or any intermediary, shall be conclusive evidence of that document or Charge for any purpose. • SBICPSL will not be responsible if any Merchant Establishment refuses to accept the Card or is unable to transact on the Card or levies a surcharge on the Card. However, the Cardholder should notify SBICPSL of this complaint. SBICPSL is not responsible or liable for any defect or deficiency in respect
of goods and services charged to the Card. Any dispute should be settled directly by the Cardholder with the Merchant Establishment and failure to do so will not relieve the Cardholder of any obligations to SBICPSL. The existence of a claim or dispute shall not relieve the Cardholder of his/her obligation to pay all Charges and the Cardholder agrees to pay promptly such Charges, notwithstanding any dispute or claim whatsoever. No claim by the Cardholder against a Merchant Establishment will be the subject of a set-off or counterclaim against SBICPSL. • SBICPSL may, at its sole discretion, permit from time to time, its Cardholder to transfer his/her Outstanding balances (“Balance Transfer/s”) on other credit cards and credit facilities availed by him / her from other companies and financial institutions. Balance Transfers will not be accepted from overdue status accounts or where the credit limit has been exceeded or which are greater than the Outstanding balances on such other credit cards and will be limited to such percentage of the available credit limit on the Card as may be determined by SBICPSL. Balance Transfer requests will also not be
accepted from other SBI card accounts. By choosing to avail of the Balance Transfer facility, the Cardholder authorizes SBICPSL to make payments to companies / financial institutions so designated. SBICPSL, however, reserves its absolute right to refuse any Balance Transfer request. The Cardholder must continue to meet his / her obligations in respect of his / her existing credit facilities, balances of which are the subject of Transfer hereunder, until he/she has received a written intimation from SBICPSL that the Balance Transfer request has been accepted and payments have been made to the companies/financial institutions so designated. SBICPSL will not be liable for any new charges, overdue payments or interests incurred on other credit cards/facilities. SBICPSL may, in its discretion, stipulate additional terms and conditions from time to time. • The Cardholder acknowledges that the privileges, benefits and facilities attached to the Card may be suspended/withdrawn by SBICPSL at its discretion at any time without liability to the Cardholder. Termination of this Cardholder Agreement shall result automatically in the termination of such privileges, benefits and facilities. SBICPSL shall not be liable in any way to the Cardholder for any defect or deficiency in any privileges, benefits or facilities provided by third party suppliers or Merchant Establishments. • A purchase and a cancellation of goods/services, e.g. air/rail tickets, are two separate transactions. The Cardholder must pay for the purchase transaction as it appears on the statement to avoid incurring finance charges or fees. Credit of refund on account of cancellation will be made to the Card Account (less cancellation charges) only when received from the Merchant Establishment. No cash refund will be given to the Cardholder. If a credit is not posted to the Card Account within a reasonable time, the Cardholder must notify SBICPSL within 30 (thirty) days of cancellation. • The onus of complying with the foreign exchange control / management regulations, baggage rules, EXIM Policy and other applicable laws, as amended from time to time, is solely that of the Cardholder and the Cardholder and shall indemnify and hold harmless SBICPSL from any consequence, loss, damage, expense or any other financial charge that SBICPSL may incur and/or suffer on account of the Cardholder’s contravention of any applicable law and regulation. Non-compliance with the regulations shall not be a ground for the Cardholder to delay or refuse the amounts payable to SBICPSL. In case the Card is suspended/cancelled, whether on account of non-compliance with exchange control/management regulations or otherwise, SBICPSL will not be responsible for any attempted usage of the Card, whether in India or abroad, resulting in the Card being dishonoured and the concerned Merchant Establishment would be entitled to pick up the Card on presentation.

Cash Advances

The Cardholder may be permitted to obtain a Cash Advance from designated branches of State Bank of India, Automated Teller Machines (ATMs) and/or other permitted establishments subject to applicable terms and requirements imposed by SBICPSL from time to time. A minimum and/or maximum amount of Cash Advance that can be accessed on the Card in a single charge or in a single business day may be specified by SBICPSL periodically. The total amount that will be available for cash withdrawal at any point in time will be governed by cash limits set up periodically which will be disclosed to the Cardholder in the monthly statement of account. A cash advance fee will be levied on each such Charge and will be billed to the Cardholder. The cash advance fee is currently 2.5% of the cash transaction amount or a minimum of Rs. 75/-, whichever is greater, and is subject to change at the discretion of SBICPSL.

Insurance Benefits

• In the event any insurance cover or benefit of any insurance cover is made available to the Cardholder by an insurance company at the request of SBICPSL, the Cardholder specifically acknowledges that SBICPSL will not be liable in any manner whatsoever and that the insurance company will be solely liable for all claims thereunder. The Cardholder shall not hold SBICPSL responsible for any matter arising out of or in connection with such insurance cover, whether for or in respect of any deficiency or defect in such insurance cover. Recovery or payment of compensation, processing or settlement of claims or any other matter in relation to the insurance cover shall be addressed to and resolved directly by the Cardholder with the insurance company. • The Cardholder further acknowledges that the insurance cover so provided will be available to the Cardholder only as per the terms of the relevant insurance policy in force and only so long as the Card Account is maintained in good standing. On the Card being suspended or cancelled for whatever reason, the benefit of such insurance cover shall automatically and ipso facto cease to be available from the date of uspension/cancellation of the Card Account. • The Cardholder hereby authorizes SBICPSL to require the insurance company to settle any Outstanding on his/her Card Account before payment of any compensation or claim to his/her heirs, nominees, beneficiaries, etc., under the insurance policy. • W.e.f 01 Jan. 2004, the free Insurance covers on the SBI Card will be valid only if the Card fee is paid, or card is used, within first 45 days of issuance or renewal. The Cover commences from 1st of the month after such use/payment.

Billing Settlement

• The monthly statements of account shall be sent to the Cardholder by mail unless the Cardholder specifically opts for such statements to be sent
by e-mail, in which case they shall be sent at the e-mail address specified by him/her in the application or by a separate intimation. Additionally, the
Cardholder may also access his/her Card Account on the Internet, as and when so enabled by SBICPSL, at its website by using his/her PIN to check his/her statement of account. If the Cardholder experiences any difficulty in accessing the electronically delivered statement of account, he/she shall promptly inform SBICPSL. The Cardholder agrees to access his/her aforesaid e-mail account at regular intervals of time. The Cardholder will not hold SBICPSL responsible for his/her not having access, for any reason whatsoever, to the information and statements of account sent to him/her via e-mail. Failure on the part of the Cardholder to receive the statement of account electronically (by e-mail or through access to the Card Account on the Internet) will not avoid his/her liability for the Charges incurred on the Card and the Cardholder shall be liable to make payment for the Charges within 30 days of incurring the Charge on the basis of his/her own record of the transaction or earlier if requested by SBICPSL. • SBICPSL will debit the Card Account for all the Charges incurred by use of the Card and provided for in the Agreement . Charges in respect of International Transactions incurred in foreign currency will be segregated from the Indian Rupee transactions in the statement of account. All Charges (including those in respect of International Transactions) shall be billed in Indian Rupees. The Cardholder agrees and hereby authorises SBICPSL to convert Charges in respect of International Transactions incurred in foreign currency to Indian Rupees at the applicable foreign exchange rates plus any service charges. SBICPSL will credit the Card Account for all payments made by the Cardholder to SBICPSL and also for any credit received from the Merchant Establishments in favour of the Cardholder. When the Card Account has a debit(s) or a credit(s) to be applied over a statement period as determined by SBICPSL from time to time, SBICPSL will send a monthly statement of account to the Cardholder reflecting such debit(s)/credit(s). The Cardholder's obligations and liabilities under this Agreement will not be affected in any way by non-receipt of the monthly statement of account and the Cardholder shall be liable to settle the Outstanding balance on the Card in due time on the basis of his/her chargeslip, noting, record or any other evidence (electronic or otherwise) of the Charge. • The monthly statement of account will set out, inter alia, the Outstanding balance on the Card Account, minimum payment required to be made and the due date for payment. The minimum payment due from the Cardholder each month will consist of (a) the monthly payment - this amount is payable by the due date shown on the relevant monthly statement of account and will be 5% of the Outstanding balance on the Card Account or Rs. 100/- whichever is higher (refer Tariff of Charges) and (b) any overdue amount and any over limit amount - these amounts are payable immediately; or if the Outstanding balance is less than Rs. 100/-, the minimum amount payable will be equal to the Outstanding balance on the Card Account.

	Unless the interest-free period applies as set out below, SBICPSL will levy a finance charge on any new purchase (and any related 4 debited charge) from the day on which it is debited to the Card Account. The interest-free period for a purchase (and any related debited charge) in any statement period will apply if the Outstanding balance on the Card Account for the previous statement period (if any) is paid in full by its due date. If the Outstanding balance on the Card Account is not paid in full by its due date, a finance charge will be levied on any new purchase (and any related debited charge) from the day on which the purchase (and any related debited charge) is debited to the Card Account and on the Outstanding account balance on the Card Account from the first day of the last statement period. SBICPSL will charge interest on a Cash Advance from the day on which the Cash Advance is debited to the Card Account.
	SBICPSL will ordinarily levy a finance charge on the Purchase Balance Outstanding on the Card Account on a daily basis by applying its current daily percentage rate to the amount of the Purchase Balance Outstanding at the end of each day. SBICPSL will levy a finance charge on Cash Advance balances on a daily basis by applying its current daily percentage rate to the amount of the Cash Advance balance at the end of each day.
	The finance charge as above, will continue to be payable after termination of this Agreement or closure of the Card Account till Outstanding on the Card Account is cleared in full.
	SBICPSL may at any time, under intimation to the Cardholder, vary the finance charge to take into account prevailing interest rates, market forces and credit and business risks.
	No interest will be paid on any credit balances in the Card Account.

	The Cardholder must make payment to SBICPSL each month of at least the minimum amount due as described in clause 6.3 hereinbefore.
	Punctual payment is essential and it is a condition of this Agreement that all payments must reach SBICPSL on or before the payment due date indicated in the monthly statement of account but not later than 30 days from the date of incurring the Charge in any case.
	If the minimum amount due is not paid by the payment due date, a late payment fee of Rs.150/- will be debited to the Card Account and is subject to change at the discretion of SBICPSL.
	Payments will be applied towards the Charges on the Card Account in the following order: (i) In repayment of unpaid fees; (ii) In repayment of service charges; (iii) In repayment of membership fee (Joining/Annual); (iv) In repayment of late payment fee; (v) In repayment of cheque dishonoured fee; (vi) In repayment of collection expenses; (vii) In repayment of over limit fee; (viii) In repayment of interest debited to the Card Account; (ix) In repayment of Charges; (x) In repayment of any Charges incurred but not yet billed; and thereafter at the discretion of SBICPSL.
	All payments made by cheque/draft are subject to realisation. Outstation cheques/drafts are subject to a collection charge at the prevailing rate, which is subject to change at the discretion of SBICPSL.
	Should any payment instrument be subsequently dishonoured, the charging privileges may be suspended. The fee in respect of a returned instrument is currently Rs. 100/- and is subject to change at the discretion of SBICPSL. SBICPSL also reserves the right to initiate any appropriate legal action.

Duplicate monthly statements of account will be provided by SBICPSL to the Cardholder only for a period of six months preceding the Cardholder's
request and would be subject to a service charge of Rs. 15/-, which can be changed at the discretion of SBICPSL.

The Cardholder will be liable for all Charges incurred and all other obligations under the terms and conditions of this Cardholder Agreement until the Card Account is repaid in full.

Lost or Stolen Cards

• In the event the Card, Card number or the PIN is lost, stolen or misused by another person, the Cardholder must report the occurrence to SBICPSL.
Although loss, theft or misuse may be reported by any means, the Cardholder must confirm to SBICPSL in writing immediately after reporting the
loss/theft/misuse to the police. A copy of the police complaint/First Information Report (FIR) must accompany the written confirmation. • If the Cardholder loses his/her Card overseas, he/she may either report the occurrence to SBICPSL or report the loss through the VISA / MASTERCARD Global Emergency
Assistance Services. In case the Cardholder uses the VISA / MASTERCARD Global Emergency Assistance Services then the charges would be applicable as provided in the cardholder guide. • The Cardholder will be fully liable for all the Charges on the Card in the event that it is lost, stolen or misused but not reported in writing as above to SBICPSL and the Cardholder hereby indemnifies SBICPSL fully against any liability (civil or criminal), loss, cost, expenses or damages that may arise due to loss, theft or misuse of the Card. In the event the transactions are received by SBICPSL after the Card has been reported telephonically lost, stolen or misused but before the receipt of the Cardholder’s written confirmation, the Cardholder shall continue to be fully liable for all amounts debited to the Card Account. • The Cardholder will not be liable for transactions made on the Card after receipt by SBICPSL of the written notice of the loss/theft/misuse. • On the loss of the Card, SBICPSL may at its sole discretion issue a replacement Card at a fee, which is currently Rs. 100/- and is subject to change at the discretion of SBICPSL. In the event the Cardholder subsequently recovers the Card, the recovered Card must not be used and must be cut in half diagonally and returned immediately to SBICPSL and adequate care taken to prevent its misuse. • The Cardholder is responsible for the security of the Card, Card number and the PIN and shall take all steps towards ensuring the safekeeping thereof. In the event SBICPSL determines that the aforementioned steps are questionable (on account of the Cardholder’s negligence, malafides, etc.), financial liability on account of the lost, stolen or misused Card/Card number/PIN shall be borne by the Cardholder and could result in cancellation of the Card Account.

Termination

•The privileges of the Card may be suspended and the Card cancelled by SBICPSL, either temporarily or permanently, at any time as provided in clause 3 hereinbefore in its absolute discretion and without giving notice thereof to the Cardholder or assigning any reason therefore. SBICPSL may list the cancelled Cards in a Cancellation Bulletin/Alert/Hot List, etc. or otherwise inform the Merchant Establishments that the Card(s) issued on the Card Account have been cancelled. The Cardholder shall agree to surrender the Card to SBICPSL or its representative or a Merchant Establishment, upon being requested to do so either by SBICPSL or its representative or by a Merchant Establishment. The Cardholder must not use the Card after it has expired or has been suspended or cancelled and shall continue to be fully liable for the Charges incurred after its expiry/suspension/cancellation. • The Cardholder can close his/her Card Account at any time by terminating this Agreement by a written notice to SBICPSL accompanied by the return of the Card cut in half diagonally and with full settlement of all Outstanding on the Card Account. • Upon termination of this Cardholder Agreement for any reason whatsoever, whether at the instance of the Cardholder or SBICPSL, the Cardholder shall remain liable for all Charges incurred by the use of the Card and all amounts/Outstanding shall be due and immediately payable. • The Cardholder specifically acknowledges that once the Card Account is closed and privileges (including any benefits and services) of the Card stand withdrawn, reinstatement of the same is neither automatic, nor attendant and will take place solely at the discretion of SBICPSL. The Cardholder also acknowledges that the aforementioned takes precedence over any communication in this context that the Cardholder might receive during the normal course. • The Card Account is liable to be suspended / cancelled on instruction from any government / regulatory body. All amounts Outstanding on the Card Account shall be deemed to have immediately become due on such instructions from government/ regulatory bodies as the case may be and SBICPSL shall be entitle to recover the same in accordance with the relevant laws in force.

Miscellaneous

• SBICPSL, at its sole discretion, can appoint agents for recovery of any Outstanding on the Card or initiate any other action allowed by law for recovery of all monies owing to SBICPSL. • The Cardholder shall be liable for all costs associated with the collection of dues, legal expenses and decretal amounts with interest, should it become necessary to refer the matter to any agent or where legal recourse for enforcement of payment has been taken. • The Cardholder expressly recognizes and accepts that SBICPSL shall be absolutely entitled to sell, assign or transfer in any manner (including through the drawing of a negotiable instrument or otherwise) in whole or in part and on such terms as SBICPSL may decide (including reserving a right to SBICPSL to proceed against the Cardholder on behalf of any purchaser, assignee or transferee) the Outstanding and dues of a Cardholder to any third party of SBICPSL’s choice without reference to or without written intimation by SBICPSL to the Cardholder and any such sale, assignment or transfer shall bind the Cardholder to accept such third party as a creditor exclusively or as a joint creditor with SBICPSL, but with the right to SBICPSL to continue to exercise all powers hereunder on behalf of such third party and to pay over such Outstanding and dues to such third party or to appropriate the same, as SBICPSL may decide. Any costs incurred by SBICPSL towards enforcement of its rights and recovery of Outstanding and dues shall be debited to the account of the Cardholder. • Where SBICPSL acts on good faith in response to any oral or electronic instruction or inquiry by the Cardholder in respect of any matter in relation to the Card, the Cardholder will not be entitled to claim or allege any loss, damage, liability, expense etc., attributable, directly or indirectly, to any such good faith action of SBICPSL and the Cardholder agrees to hold SBICPSL harmless in respect thereof. • The total Outstanding on the Card Account, together with the amount of any Charges effected but not yet charged to the Card Account, will become immediately due and payable in full to SBICPSL on bankruptcy or death of the Primary Cardholder and the Card Account shall immediately stand cancelled. The Primary Cardholder's estate will be responsible for settling any Outstanding on the Card Account and should keep SBICPSL indemnified against all costs including legal fees and expenses incurred in recovering such Outstanding. Pending such repayment, SBICPSL will be entitled to continue to levy finance charges at its prevailing rate. • The Cardholder hereby authorizes SBICPSL or its representatives to contact his/her employer, banker or any other source to obtain and/ or verify any information or otherwise that may be required . • SBICPSL reserves the right to add to or change these terms and conditions and revise policies, benefits and features offered on the Card at any time, without limitation to changes which affect existing balances, finance charges or rates and methods of calculation. The Cardholder will be notified of any such changes. By keeping or using the Card after notification, the Cardholder is deemed to have agreed to the amendment/change. If the Cardholder does not agree with any amendment of the terms and conditions or any other change related to the Card or benefit made available on the Card, he/she may cancel the Card by cutting it in half diagonally and returning both halves to SBICPSL. • If required by law to do so or if considered necessary to do so for proper management of credit or business risk, SBICPSL reserves the right to disclose any and all Cardholder information, including default in any payments, to any court of competent jurisdiction, quasi judicial authority, law enforcement agency, relevant wing of the Central Government or State Government, Cardholder’s employer, State Bank of India, any other card issuer, credit reference agency, financial institution or any company which is an affiliate or associate or parent or subsidiary of SBICPSL. The Cardholder acknowledges that information on usage of credit facilities by customers are also exchanged amongst banks and financial institutions which provide credit facilities and the Card may be cancelled on receipt of any adverse market information in relation to the Cardholder without any liability on SBICPSL to disclose any details thereof
to the Cardholder. • The Cardholder authorises disclosure of his/her Card Account information by SBICPSL to any third party engaged to provide any service in connection with operation of the Card Account and/or marketing of various services. The Cardholder agrees to SBICPSL sending, from time to time, marketing offers and/or promotional mailers to him/her at his/her postal or e-mail address, unless he/she has specifically opted not to so receive, in which event SBICPSL will be entitled reasonable time to stop sending such offers. • The Cardholder hereby agrees that the Card application and copies of all documents submitted in support thereof and for the ongoing operation of the Card Account by the Cardholder to SBICPSL are and shall remain the sole and exclusive property of SBICPSL, and SBICPSL shall not be obliged to return the same to the Cardholder upon his/her request or upon termination of this Agreement. • In the event that the Cardholder delays or is unable to settle the Outstanding on the Card in terms of this Agreement, SBICPSL is hereby authorised by the Cardholder to set-off and adjust any such Outstanding against any amount that may be payable by SBICPSL, in any capacity, to the Cardholder on any account whatsoever. • The Cardholder agrees that SBICPSL may send him/her reminders from time to time for settlement of any Outstanding on his/her Card Account by post, fax, telephone, e-mail, cellular phone , SMS messaging and./ or engage third parties to remind, follow up and collect his/her Outstandings on the Card Account. • The Cardholder agrees to comply with all applicable laws and regulations from time to time which govern or may be affected by the use of the Card. • The forbearance, delay or failure on the part of SBICPSL to exercise any right under this Agreement shall not operate as waiver of such a right nor preclude any further exercise of that right. • Without in any way limiting the above, SBICPSL shall not be liable or responsible to the Cardholder for any loss, damage, expense, claim or liability
arising directly or indirectly out of :

	any defect or deficiency in any goods and services purchased on the Card or availed as a benefit, privilege or facility attached to the Card;
	refusal by or inability of a Merchant Establishment to honour or accept the Card;
	refusal by or inability of a Merchant Establishment to honour or accept the Card;
	handing over of the Card by the Cardholder to any unauthorised person;
	any statement made by any person requesting return of the Card or any act performed by any person in conjunction therewith;
	any injury to the credit, character and reputation of the Cardholder alleged to have been caused by the repossession of the Card and/or request for its return;
	SBICPSL complying with any request made by the Additional Cardholder in relation to the Card Account;
	the exercise of any right by SBICPSL seeking surrender the Card prior to the expiry of the date mentioned on the face of the Card whether such demand and surrender is made and /or asked by SBICPSL or any person or Terminal Device;
	exercise of SBICPSL’s right to terminate any Card;
	decline of any charge by SBICPSL because of the Cardholder exceeding his/her foreign exchange entitlements or usage restrictions as prescribed by RBI guidelines issued from time to time; and
	if any demand or claim for settlement of Outstanding dues from the Cardholder is made by SBICPSL or any other person for and on behalf of SBICPSL, the Cardholder acknowledges that such an act shall not amount to an act of defamation or an act prejudicial to or reflecting upon the character of the Cardholder in any manner.

• The Cardholder is aware of all security risks, including possible third party interception of any of his/her transactions and statements of account on the Internet and the contents of his/her transactions or statements of account becoming known to third parties. The Cardholder agrees and undertakes that he/she shall not hold SBICPSL liable therefor in any way. The use and storage of any information, including without limitation, the Card number, PIN, password, account information, transaction activity, account balances and any other information available on the Cardholder’s Internet access device or computer is at his/her own risk and responsibility. • Any notice given by SBICPSL hereunder will be deemed to have been
received by the Cardholder within 7 days of posting to the Cardholder's address last notified in writing to SBICPSL or, where specifically requested, within 24 hours of sending the same via e-mail at the e-mail address specified by him/her. Any notice may also be sent by fax or communicated verbally and confirmed in writing by post or fax. SBICPSL shall not be held accountable for delays in receipt of notices by post. In the event of any change in the Cardholder's e-mail and/or employment and/or office and/or residential address and/or telephone numbers, the Cardholder shall inform SBICPSL promptly in writing or by e-mail and must confirm the same by mail or fax.

Governing Law and Arbitration

• The Cardholder Agreement shall be governed by the laws of India and the courts as prescribed under Section 2(e) of the Arbitration and Conciliation Act, 1996 or any subsequent statutory amendment to the Act will have jurisdiction. 10.2 Any dispute, difference and/ or claims arising out of in connection with or in relation to this Agreement, shall be settled by arbitration in accordance with the provisions of the Arbitration and Conciliation Act, 1996, by a sole arbitrator, whose appointment shall be made at the instance and discretion of the SBICPSL. The arbitrator appointed shall be competent to decide whether any matter or dispute or difference referred to the arbitrator falls within the purview of arbitration as provided for in this clause and/or should be decided under the Arbitration and Conciliation Act, 1996. 10.3 Any arbitration award granted shall be final and binding on the Parties. The venue and seat of the Arbitral Tribunal shall be at New Delhi . • This Clause 10 shall survive termination of the Cardholder Agreement.

Rewards Program

The Program

The SBI Card Rewards Program ("the Program") allows eligible SBI Cardholders ("Cardholder/s") to accumulate points ("Points") from spending on their SBI Cards, as determined by SBI Cards & Payment Services Private Limited ("SBICPSL") from time to time. Points accumulated on such SBI Cards can be exchanged against Spicejet Vouchers

Eligibility

The Program is open to holders of SBI Card/ Spicejet SBI Card ("SBI Card/s") whose accounts are valid and in good standing and any other Card so determined by SBICPSL. o The Points earned by an Additional Cardholder will accrue to the account of the Primary Cardholder.

Enrolment

• Participation in the Program is voluntary. o The Cardholder may opt out of the Program by sending an intimation (telephonic or written) to SBICPSL.
• The Cardholder may continue to use his/her SBI Card as he/she normally does. o The Annual Fee for participation in the Program may be as determined by SBICPSL from time to time. o Enrolment Date - shall mean the date of launch of the Program for the existing Cardholders and the account set up date by SBICPSL for the new Cardholders o Enrolment Year - shall mean "any twelve-month period" commencing on the Enrolment Date.

Points

• The Cardholder shall earn 1 (one) Point for every eligible Rs. 100/- charged to his/her SBI Card. o The Cardholder shall earn 5 reward points for every Rs 100 spent on buying Spicejet Airline tickets on Spicejet SBI Card. The points can be redeemed against Spicejet Vouchers only. All spending charged to the SBI Card under the Program will be eligible to earn Points except the following -
-balance transfers
- cash advances
- financial charges (e.g., late payment fee, dishonoured
cheque charges, service fee, transaction charges)
- disputed transactions
- any purchases at petrol pumps/ service stations
• A Cardholder cannot accrue Points for any charge incurred prior to his/her Enrolment Date. • Points accumulated by a Cardholder on an SBI Card cannot be combined or used in conjunction with Points of his/her other SBI Cards at the time of redemption or transferred to any other customer loyalty program unless otherwise notified by SBICPSL. • The Points do not constitute property of the Cardholder and are not transferable by operation of law or otherwise to any other person or entity. • The Points accrued do not have cash or any monetary value. • Adjustments will be made to the Points if there are any credits, including those arising from returned goods or services or billing disputes. If a disputed transaction is resolved in favour of the Cardholder or where a transaction is reversed, proportionate Points will also be reversed and credited to the Cardholder. On redemption, the Points would automatically be subtracted from the Points accumulated in the Cardholder's account. • Points accumulated that are not redeemed by the Cardholder for rewards within 12 months of his / her Enrolment Date can be carried over for another Enrolment Year. Any Points not used by the end of second such year after Enrolment shall lapse and be forfeited. • SBICPSL will notify the Primary Cardholder in the monthly statement of account in respect of the SBI Card of the number of Points accumulated immediately preceding the closing date for the said monthly statement. • In the event the SBI Card is voluntarily closed by the Cardholder, the Points accumulated on his/her SBI Card can be redeemed within 6 months of closure, otherwise these will automatically lapse. In the event of cancellation of the SBI International Card for any other reason, all the Points accumulated will stand forfeited. If the SBI Card is blocked or suspended by SBICPSL for any reason whatsoever, then the Points accumulated shall stand forfeited but may be reinstated at the discretion of SBICPSL if use of SBI Card is reinstated. • SBICPSL’s decision on computation of Points will be final, conclusive and binding on the Cardholder.

Redemption

o The SBI Card must not be overdue, suspended, blocked, cancelled or terminated by SBICPSL at the time of the redemption request. o The Points accrued can only be redeemed by the Primary Cardholder, and not by an Additional Cardholder. o The Points may be redeemed at Spicejet for Vouchers or as detailed in the Program catalogue and other mailers issued by SBICPSL from time to tim. The Points cannot be exchanged for cash or credit or used to obtain cash advances, or used against payment for any charges incurred on the SBI Card. o The Cardholder will have to fill in a redemption request form and mail it to SBICPSL or call the nearest SBI Card Customer Service Centre.o SBICPSL will mail a redemption certificate / voucher to the Cardholder approximately six to eight weeks' after receiving the redemption request from the Cardholder. o SBICPSL is not liable for any delay or loss in delivery of the redemption certificates / vouchers or rewards. o Redeemed rewards are not exchangeable for other rewards, or refundable, replaceable, or transferable for cash or credit under any circumstances, nor can these be re-converted back to Points. Once exchanged for another partner loyalty program, if any, Points cannot be transferred back. o All rewards are subject to availability and certain restrictions may apply. The redemption procedure and the additional terms and conditions for each reward are set forth in the redemption certificates/vouchers issued to the Cardholder. 5.9 Any additional meals, transportation, accommodation arrangements, courier or other costs incurred in connection with redemption of any reward will be the sole responsibility of the Cardholder. o Issuance of a redemption certificate for dining, travel or hotel accommodation does not constitute a reservation. The Cardholder is responsible for making all reservations and notifying the participating merchant establishments of the reward(s) he/she is going to redeem. o Other SBI benefits which are activated by use of the SBI Card do not apply to goods or services received as rewards under the Program.

General

• Fraud and abuse relating to earning and redemption of Points in the Program will result in forfeiture of the Points as well as termination of the SBI Card account. • Information supplied by a Cardholder on redemption of rewards may be used by SBICPSL or its merchant establishments for administrative and/or marketing purposes. • Any taxes or other liabilities or charges payable to the Government or any other authority or body or any other participating merchant establishment which may arise or accrue to a Cardholder by redemption as aforesaid or otherwise as result of the Program shall be to the sole account of the Cardholder. • SBICPSL reserves the right to cancel, change or substitute the rewards or reward conditions or the computation of Points or terms and conditions of the Program at any time. SBICPSL can suspend or terminate the Program at any time it deems necessary. In such a case, SBICPSL will intimate the Cardholders and give them an option to redeem the accumulated Points. • SBICPSL makes no warranties or representations, either expressed or implied, with regard to the type, quality or fitness of the goods and services provided by the participating merchant establishments under the Program. Merchandise, where applicable, will be accompanied by warranty information from
the manufacturer and any claims must be directed solely to the manufacturer. • Any dispute concerning goods or services received as rewards under the Program shall be settled between the Cardholder and the participating merchant establishment which supplied the goods or services. SBICPSL will bear no responsibility for resolving such disputes or for the dispute itself. • The Program does not in any way amend the Cardholder Agreement between SBICPSL and the Cardholder, and any term referenced but not defined herein may be interpreted in accordance with the Cardholder Agreement. • SBICPSL acts in good faith in response to any oral or electronic instruction or inquiry by the Cardholder in respect of any matter in relation to this Program and fulfillment of any reward, the Cardholder will not be entitled to claim or allege any loss, damage, liability, expense etc. attributable, directly or indirectly, to any such good faith action of SBICPSL and the Cardholder shall indemnify and hold SBICPSL harmless in respect thereof.
• All queries in relation to the Program may be addressed to -
The Manager - Customer Services
SBI Cards & Payment Services Private Limited
Plot No- 90 A, Sector- 18, Gurgaon, Haryana, India

FEES AND CHARGES

Joining Fees, Annual Fees & Renewal Fees

There are joining fees, annual fees and renewal fees applicable on the SBI Credit Card (SBI Card). These fees may vary from Cardholder to Cardholder, and from offer to offer. These shall be as communicated to the Cardholder at the time of applying for the credit card. The joining and annual fees, as applicable, are directly charged to the Cardholder account and the same would be displayed in the card statement of the month in which it is charged. There are separate fees for Additional Cards taken by the Primary Cardholder.

Cash Advance Fees

The Cardholder can use the Card to access cash in an emergency from ATMs / Cashpoints in India or ATMs overseas. A transaction fee would be levied on all such charges and would be billed to the Cardholder in the next statement. A transaction fee of 2.5% (subject to a minimum of Rs. 200 at domestic SBI ATMs / Cashpoints, and Rs. 200 at other domestic ATM's) and 3% (subject to a minimum of Rs. 200 ) at international ATMs will be levied. The transaction fee is subject to change at the discretion of SBI Cards & Payment Services Private Limited (SBICPSL). All cash advances also carry a service charge from the date of withdrawal until the date of settlement. The service charge is currently upto 2.95% per month and is subject to change at the discretion of SBICPSL.

Charges

Charges and fees, as may be applicable from time to time, are payable by Cardholders for specific services provided by SBICPSL to the Cardholder or for defaults committed by the Cardholder with reference to his Card account

SBICPSL retains the right to alter any charges or fees from time to time or to introduce any new charges or fees, as it may deem appropriate, with due intimation to cardholders.

Interest Free Grace Period

The interest free credit period could range from 20 to 50 days subject to submission of claims by the merchant. However, this is not applicable if the previous month's balance has not been cleared in full or if the Cardholder has availed of cash from any ATM / Cashpoint.

Finance Charges (Service Charges)

Finance charges on cash advances are applicable from the date of transaction until the payment is made in full.

Late Payment charges will be applicable if Minimum Amount Due is not paid by the payment due date, and are applicable at the rate of 30% of the minimum amount due subject to a minimum of Rs. 350 and a maximum of Rs. 500.

Overlimit charges are applicable on total outstanding exceeding the Credit Limit at the rate of 2% of the overlimit amount subject to minimum of Rs. 250 and a maximum of Rs. 500.

In case of a cheque bounce, a charge of 2% of the cheque amount will be made, subject to a minimum of Rs. 250 and a maximum of Rs. 500 .

LIMITS

Credit Limit and Cash Limit are assigned to Cardholders based on internal SBICPSL credit criteria (Add-On cardholders share the same limits as that of the Primary Account Holder). These limits are communicated to the cardholder at the time of card delivery. The Credit Limit and Cash Limits are communicated to the Cardholder in every statement. The Available Credit Limit (i.e. the Credit Limit available for use) at the time of the statement generation is provided as a part of the statement. SBICPSL will review the Cardholder account periodically, and increase or decrease the Cardholder credit limit based on internal criteria. Cardholders seeking to have their credit limit increased can do so by writing to SBICPSL and providing financial documents declaring their income. SBICPSL, at it's sole discretion and based on such new documents provided, may increase the Credit Limit of the Cardholder.

BILLING AND STATEMENT

SBICPSL will send the Cardholder a monthly statement showing the payments credited and the transactions debited to the Cardholder's Account since the last statement, provided the card has been active during the said period. SBICPSL will either mail a statement of transactions in the card account to the mailing address it has on record, or send a statement through email to the email id on record, on a pre-determined date.

Credit Cards offer the Cardholder a revolving credit facility. The Cardholder may choose to pay only the Minimum Amount Due printed on the statement and such payment should be sent before the Payment Due Date, which is also printed on your statement. The balance outstanding can be carried forward to subsequent statements. The Cardholder can also choose to pay the Total Amount Due or any part of the amount above the Minimum Amount Due. Any unpaid Minimum Amount Due of the previous statements will be added to the Cardholders current Minimum Amount due in addition to the outstanding exceeding the Cardholders Credit Limit.

Payments made towards the card outstanding are acknowledged in subsequent statements.

Payments received against the Cardholder's card outstanding will be adjusted against all EMI on loan plans (if applicable), taxes, fees and other charges, interest charges, cash advances and purchases, in that order.

Payments towards the Card account may be made in any of the following ways:
- By mailing a cheque or draft to the mailing address provided in the reverse of the statement.
- By dropping a cheque or draft into any of the SBI Card drop boxes placed in your city or in designated State Bank of India branches.
- The cheque/draft should be made payable to “SBI Card Number xxxx xxxx xxxx xxxx.
- ECS: Payments can be made through the Electronic Clearing System (ECS) in Bangalore, Delhi, Gurgaon, Hyderabad and Mumbai.

Billing Disputes: All contents of statements will be deemed to be correct and accepted by the Cardholder unless within 30 days of the Statement Date the Cardholder informs SBICPSL of any discrepancies, and these discrepancies are found to be true by SBICPSL. On receipt of such information, SBICPSL may reverse the charge on temporary basis. If on completion of subsequent investigations, the liability of such charges is to the Cardholder's account, the charge will be reinstated in a subsequent statement, along with Chargeslip Retrieval charges of Rs. 125 per chargeslip.

Contact Particulars: The Cardholder can contact SBICPSL for making any enquiries or for any grievance redressal through any of the following ways
24 Hour SBI Card Helpline : From BSNL/MTNL Lines - 1800 180 1290
From All Other Lines - 39 02 02 02
Through mail, by writing to SBI Cards & Payment Services Pvt. Ltd., P. O. Bag No. 24, GPO, New Delhi 110 001.
Through email by writing in at feedback.gesbi@ge.com

DEFAULT

In the event of default, the Cardholder will be sent reminders from time to time for settlement of any outstanding on the card account, by post, fax, telephone, e-mail, SMS messaging and/or engage third parties to remind, follow up and collect dues. Any third party so appointed, shall adhere fully to the code of conduct on debt collection.

The total Outstanding on the Card account, together with the amount of any Charges effected but not yet charged to the Card Account, will become immediately due and payable in full to SBICPSL on bankruptcy or death of the Primary Cardholder, and the Card Account shall immediately stand cancelled. The Primary Cardholder's estate will be responsible for settling any Outstanding on the Card Account and should keep SBICPSL indemnified against all costs, including legal fees and expenses incurred in recovering such Outstanding. Pending such repayments, SBICPSL will be entitled to continue to levy finance charges at its prevailing rates.

INSURANCE

Personal Accident Insurance (Valid only post payment of card fee):
Your SBI Card provides you a complimentary personal accident insurance cover of Rs. 50 lac in the event of loss of life in an air accident. The Insurance is applicable only for Spicejet flights.

Lost Baggage Cover of upto Rs 10,000
Accompanied baggage consists of clothings, personal effects items whether worn or carried including the suitcase containing them. A journey is deemed to commence when the insured person sets out of the premises he is staying or working in and shall deemed to terminate when he reaches to the premises he stays or works in.

EXCLUSION 1. Loss of baggage is caused due to War invasion or in consequence thereof 2. Loss of baggage is caused due to radiation, radioactivity of other Nuclear Accidents. 3. Acquired articles : Articles which did not form contents of any packages when journey commenced unless specifically and accepted by the company. 4. Articles carried under the contract of affreifhtment. 5. money, Security, manuscript, business books or documents, jewellery and watches. 6. Articles of consumable nature. 7. Articles of brittle or fragile nature,cracking, scratching or breakage of glass china, marble and other brittle or fragile articles is excluded unless theer is an accident to the carrying vehicle. 8. Theft from car except from fully enclosed sedan, which is locked at the time of theft. 9. Mechanical derangement of overwinding of watches and clocks. 10. Mechanical derangement, over running,short circuit, arcing, self heating,leakageor electricity including lighting or any electrical machine; or apparatus fixtures or fittings. 11. Depreciation, wear tear, moth and mildew loss arising or suffered with respect to the property or the property which is undergoing a process of dyeing, repair or restoring. 12. Consequential loss or legal liability.

Delay in flight Cover of upto Rs 10,000
This insurance cover is meant to provide indemnity to the SBI Card Holders against the delay in flight in excess of 12 Hours for the expenses incurred on lodging/boarding.

Delay in checked in baggage Cover of upto Rs 5000

This insurance cover is meant to provide indemnity to SBI Card holders against for the necessary emergency purchases of replacement items in the event that insured person suffers a delay of more than 12 Hours from the scheduled time at the destination for delivery of baggage that has been checked by an airline.

Claim documents

1 Name of Airline
2 Flight Number
3 Departure Airport and destination
4 Quantity of checked baggage submitted
5 Quantity of checked baggage received
6 Date and Time of baggage available for collection
7 Date and Time delay or loss reported in the Airline authorities
8 Cause of delay or loss
9 Copy of the Property irregularity report(PIR) obtained from the Airline
authority
10 Baggage receipt and ticket-boarding pass

ALL CLAIMS SHOULD BE REPORTED TO THE INSURANCE COMPANY WITHIN ONE MONTH FROM THE DATE OF LOSS/ACCIDENT.
The above-mentioned Insurance Covers are applicable only on Spicejet flights within India.

Purchase Protection Facility Your SBI Card ensures products purchased on your card such as refrigerators, TV's etc. and personal items such as watches, jewelry etc. are protected against burglary and fire in your house, up to Rs. 15,000, for 90 days from the date of purchase (up to Rs. 50,000 for a Gold Cardholder).

Protection Plus In the case of death or Total and Permanent Disability of the Cardholder, the Cardholder or his nominee can avail of the Protection Plus Insurance which provides the cardholder a Personal Accident (PA) Insurance cover of Rs. 6,00,000 as well as a Credit Shield cover which insures the outstanding on the SBI Card of up to a maximum of Rs. 1 lakh. This facility can be availed of by the Cardholder at a monthly fee of 0.01% of the monthly SBI Card outstanding balance for Credit shield, Rs.24 p.m. for PA and an administration fee of Rs.18 p.m.

TERMINATION/REVOCATION OF THE CARDHOLDERSHIP

The Cardholder may end the Agreement at any time by writing to SBICPSL or calling in to the SBI Card Helpline, and by cutting the card(s) diagonally. All the cards including the add-on cards will be terminated basis the written request. Termination will be effective after payment of all amounts outstanding on the card account. No annual, joining or renewal fees shall be refunded on a pro-rata basis.

SBICPSL may also restrict, terminate or suspend the use of The Cardholder Account at any time without prior notice if SBICPSL reasonably believe it necessary for business or security reasons. SBICPSL can suspend the facility on the Credit Card, if the Cardholder defaults on the payment due or exceeds the credit limit extended. The Card must not be used after the Agreement ends or while use of Card Account is suspended.

In such a situation, the Cardholder must (subject to any default or other notice required by law) immediately pay SBICPSL the total outstanding Balance on the Account. This includes all amounts due to SBICPSL under the Agreement, including all transactions and other amounts not yet charged to the Account. The Cardholder Account will not be considered as closed until the Cardholder has paid all such due amounts.

LOSS/THEFT/MISUSE OF CARD

The Cardholder should contact SBICPSL as soon as possible at the 24-Hour SBI Card Helpline if the Primary or any Additional credit card is misplaced, lost, stolen, mutilated, not received when due or if he/she suspects that the credit card is being used without the Cardholder's permission. Once a card is reported lost, it should not, under any circumstance be used if found by the Cardholder subsequently, and the Cardholder should cut the card diagonally in half.

SBICPSL is not liable or responsible for any transactions incurred on the card account prior to the time of reporting of the loss of the card to SBICPSL and the Cardholder will be wholly liable for the same. After the receipt of proper notification of the loss by SBICPSL, the Cardholder's subsequent liability is restricted upto a maximum of Rs. 1000 . In addition to notifying SBICPSL about the loss or theft of the Card, the Cardholder must report any theft of Credit Cards to the Police and lodge an FIR.

The Cardholder will, however, be liable for all losses when someone obtains and misuses the Card or PIN with the Cardholder's consent, or the consent of an Additional Cardholder.

If the Cardholder has acted fraudulently the Cardholder will be liable for all losses. If the Cardholder acts without reasonable care, the Cardholder may be liable for all losses incurred. This may apply if the Cardholder fails to follow the safeguards as specified by SBICPSL.

SBICPSL may, without referring to the Cardholder or any Additional Cardholder, give the police or other relevant authorities any information that SBICPSL considers relevant about the loss, theft or misuse of a Card or PIN.

DISCLOSURE

The Cardholder acknowledges that SBICPSL is authorized to share Cardholder information with any existing or future credit bureaus without any notice to this intent to the Cardholder, and such information may pertain to positive or negative Performance/default by the Cardholder.

The Credit Information Bureau India Ltd. (CIBIL), is an initiative of the Government of India and the Reserve Bank of India (RBI) to improve the functionality and stability of the Indian financial system. This is in line with RBI's efforts to provide an effective mechanism for exchange of information between banks and financial institutions, thereby enabling cardholders to avail of better credit terms from various institutions.

The Cardholder further acknowledges that SBICPSL is authorized to share Cardholder information, including default in payments with Financial Institution, employer and to other third parties engaged by SBICPSL for proper operation of card accounts, verification and other administrative services.

SBICPSL may also share Cardholder information with any parent, subsidiary, affiliate or associate of SBICPSL, for the purposes of marketing and offering various products and services of SBICPSL or its group companies, subsidiaries, affiliates and/or associates.

SCHEDULE OF CHARGES

Tariff of Charges
General

Free Credit Period *		Upto 50 days

Minimum repayment for use of Extended Credit		5% of outstanding balance or Rs.200 whichever is higher

Cash Advance Limit		40% or Credit Limit (subject to a max. of Rs.12,000 per day)

Free Personal Accident Cover		Rs. 6 lacs for Air and 2 lacs for Road

Outstation cheques/drafts **		Not Accepted


Fee

Joining Fee (one time only)		Rs.250

Annual Fee (p.a.)		Rs.750

Additional Card Fee (p.a.)		Rs.250


Interest

Finance charges on Extended Credit		Upto 2.99% per month from the transaction date

Finance charges on Cash Advance		Upto 2.99% per month from the date of withdrawal


Cash Advance Charges

SBI ATMs and Cash Points		2.5% or Rs. 75, whichever is higher

Domestic (non-SBI) ATM's		2.5% or Rs. 100, whichever is higher

International ATMs		2.5% or Rs. 200, whichever is higher

ATM Decline Fee #		Rs. 20


Other Charges

Late Payment Fee		30% of MAD (min Rs. 300, Max Rs. 500)

Charges on Overlimit Accounts		2% of overlimit amount (Min Rs. 250, Max Rs. 500)

Cheque Bounce Fee		2% of cheque amount (Min Rs. 250 Max Rs. 500)

Invalid Cheque Fee		2% of cheque amount (Min Rs. 250 Max Rs. 500)

Replacement Card Fee		Rs. 100

Emergency Replacement Card Fee (when Abroad)		Sub to actual cost (min $175)

Statement Retrieval Fee		Rs. 100 per statement , > 3 months

Chargeslip Retrieval Fee		Rs. 125 per chargeslip

Cheque Pickup Fee		Rs.45

Foreign Currency Transaction Fee		SBI cards conversion mark up - 3.5%


Surcharge on

Railway Tickets		Rs. 30+2.5% on transaction amount

Petrol & all products/services sold at petrol pumps		2.5% of transaction amount or Rs. 10, whichever is higher

Payment of Customs duty		2.25% of transaction amount or Rs. 75, whichever is higher

* Nil on Cash advance
** Cheques payable outside clearing zones not accepted. We accept payment through local cheques/drafts payable in Delhi only
# For any authorisation attempts declined
Note: Service Tax as applicable on all above fee, interest & charges. For any clarification on Tariff of Charges or any other details please call the 24 hr SBI Card Customer Helpline.
Your continued use of the card will be deemed acceptance of these amendments.

24-hour SBI Card Helpline

From BSNL/MTNL Lines - 1800 180 1290
From All Other Lines - 39 02 02 02

All information in this communication is correct as on 1st March, 2006 and is subject to change at the discretion of SBICPSL.