Corporate Purchase Card

Manage expenses, ensure compliance

Privileges on SBI Corporate Purchase Card

SBI Corporate Purchase Card brings you a set of privileges

spend-category-control

Spend Category Control

  • Now, you can restrict spends by your employees at non-permitted merchant categories
  • You can also put spending limits on select merchant categories as per daily, weekly or monthly expenses
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Spend Category Control
  • We help you in keeping your card usage within permitted entitlement limits
  • Get more protection and reduced chances of misuse, fraud or skimming on your cards
Spend Analysis

Spend Analysis

  • Spend analysis helps you control your expenses better with Visa Intellilink
  • Now get your MIS and analysis reports online
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Spend Analysis
  • You can monitor your expenses category-wise, giving a better insight about your expenditure-trends
  • This is a web-based interface and does not demand any changes in your existing system
smarter-expense-management

Smarter Expense Management

  • Empower yourself with greater control over your organisation’s expenditures
  • Easy review of expenses to check policy breaches and ensure compliance
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Smarter Expense Management
  • Get email alerts for key events, such as approvals, availability of reports or statements and program thresholds
  • You get self-service interactive reports with multiple filters, sort options and drill-down capability
Fraud Prevention

Fraud Prevention

  • Lost card liability cover
  • Closed loop and blocking of Merchant Id’s
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Fraud Prevention
  • Daily spend limits
  • Fidelity Insurance for Corporate

SBI Corporate Purchase Card

Know everything about our SBI Corporate Purchase Card

  • Spend Category Control
      • Restrict employees spends at non-permitted merchant categories
      • Put spending limits on select merchant categories as per daily, weekly or monthly expenses
      • We help you in keeping your card usage within permitted entitlement limits
      • Get more protection and reduced chances of misuse, fraud or skimming on your cards
  • Spend Analysis
      • Restrict employees spends at non-permitted merchant categories
      • Put spending limits on select merchant categories as per daily, weekly or monthly expenses
      • Monitor the category-wise expenses by giving a better insight about the expenditure-trends
      • It is a web-based interface and does not demand any changes in existing system
      • Easy review expenses to check policy breaches & ensure compliance
      • Category-wise tracking to leverage and negotiate better rates & terms with vendors & suppliers
  • Smarter Expense Management
      • Track and control organisation’s expenses
      • Easy review of expenses to check policy breaches and ensure compliance
      • Get email alerts for key events, such as approvals, availability of reports or statements and program thresholds
      • Use self-service interactive reports with multiple filters, sort options and drill-down capability for accurate spending information
      • With VISA Intellilink, control expenses better, rather than resort to budget cuts
      • Deep dive ability to analyze cardholder transactions globally
      • It is a web-based interface and does not demand any changes in existing system
      • Dashboards for quick snapshots of key information
      • Email alerts signal key events—approvals, availability of reports or statements, and program thresholds
  • Insurance
      • Protection against Employee Fraud with Fidelity Guarantee Insurance which covers organization’s liability against frauds by with Corporate Cardholder
      • The insurance stays valid on international and online transactions, as well
  • E-statement
      • Get hassle free monthly e-statements delivered directly to the inbox and stay stress free from postal delays, lost statements or late payments
  • 24x7 Services
      • A dedicated team of Service Desk Executives and Relationship Managers for assistance and support.
      • For any assistance, please call: 1860 180 1290 / 39 02 02 02 (prefix local STD code).
  • Fee
      • Joining fee: Nil
      • Annual fee: Nil
  • Extended Credit
      • Interest free credit period: 20-50 days, applicable only on retail purchases and if previous month’s outstanding balance is paid
      • Finance charges#: up to 3.35% per month, accounting to 40.2% per annum from the transaction
      • Total amount payable: total outstanding dues
  • Cash advance limit (if applicable)
      • Cash advance limit: Variable
      • Free Credit Period: Nil
      • Finance charges#: Up to 3.35% per month, accounting to 40.2% per annum from the date of withdrawal
  • Cash Advance Fee
      • SBI ATMs / Other Domestic ATMs: Up to 2.5% of withdrawal amount or Rs. 400, whichever is higher, per transaction
      • International ATMs: Up to 3% of withdrawal amount or Rs. 400, whichever is higher, per transaction
      • Cheque Bounce/ Invalid Cheque: 2% of Cheque Amount (minimum of Rs. 350 and maximum of Rs. 500)
  • Other charges
      • Cheque bounce or invalid cheque: 2% of cheque dishonor amount, accounting to minimum of Rs. 350 and maximum of Rs. 500
      • Charge slip retrieval: Rs. 225 per charge slip
      • Late Payment Charges: NIL for Total Amount due from Rs.0 - Rs. 200;
        Rs. 100 for Total Amount due greater than Rs. 200 & up to Rs. 500;
        Rs. 400 for Total Amount due greater than Rs. 500 & up to Rs. 1000;
        Rs. 500 for Total Amount due greater than Rs. 1000 & up to Rs. 10,000;
        Rs. 750 for Total Amount due greater than Rs. 10,000
      • Overlimit: 2.5% of over limit amount, accounting to minimum Rs. 500
      • Emergency card replacement (when abroad): Complimentary
      • Foreign currency transaction: Conversion mark up to 3.5%
      • Rewards redemption fee: Up to Rs. 99
      • Cash OTC fees: Rs. 100
      • Annual Priority Pass Fee: Rs. 180
      • Annual Reward Fee: Rs. 300
      • OTC Cash Payment Fees: Rs. 100 + applicable taxes
  • Surcharge
      • Railway tickets  through railway counters: Rs. 30 + 2.5% of transaction fee
      • Railway tickets through irctc.co.in: 1.8% of transaction amount + service charge, as applicable
      • Petrol and all products/services: 0% surcharge for single transaction spend between Rs. 500 and Rs. 4,000. Maximum surcharge waiver of Rs. 250 per month per credit card account. For transactions less than Rs. 500 and more than Rs. 4,000, a surcharge of 2.5% of the transaction amount (or minimum of Rs. 10) will be applicable on  Corporate Purchase Card.
      • Maximum surcharge waiver of Rs. 250 per statement cycle, per credit card account
  • Order of payment settlement

      Total amount due (which is inclusive of applicable taxes), followed by fees and other charges, Interest charges, retail outstanding and cash advance.

  • Things to know

      #Cheques payable outside clearing zones not accepted. We accept payment through local or drafts payable in Delhi only. 

      All taxes would be charged as applicable on all the above Fees, Interest & Charges.

      Applicable taxes means Service tax (ST) @ 14%, Swachh Bharat Cess (SBC) @ 0.5% and Krishi Kalyan Cess (KKC) @ 0.5%

      Your continued use of the card will be deemed acceptance of these amendments.

      For assistance, please call 24-hours SBI Card priority helpline:

      From BSNL/MTNL numbers   1860 180 1290 / 1800 180 1290

      From all other numbers    39 02 02 02
      Prefix your STD code if you use your mobile phone.

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