Offer Terms and Conditions 

Offer Terms and Conditions

  • Flexipay Summer Treat offer - Book at low interest rate of 8% (for 3,6,9 & 12 mnth) & 7.5% (for 24 & 36 mnth) and enjoy 100% Processing fee waiver (valid b/w 05-Apr-2016 to 30-Jun-2016)

    Flexipay Summer Treat offer T&C’s –

    • Lower Rate of interest at 7.5% flat p.a + 100% Processing fee waiver for bookings >=50k (for 24 & 36 months)
    • Lower Rate of interest at 8% flat p.a + 100% Processing fee waiver for bookings >=50k (for all other tenures)
    1. This offer is on Flexipay facility and is open only to those SBI credit cardholders ("Cardholders") who have received the offer from SBICPSLs and Payment Services Pvt. Ltd ("SBICPSL") through an appropriate communication medium decided by SBICSPL.
    2. The Flexipay facility is not available to the delinquent and any other ineligible Cardholders determined as per the internal policy of SBICPSL. Accordingly, approval of Flexipay facility is at the sole and absolute discretion of SBICPSL.
    3. The Flexipay facility may be availed of by the Cardholders by way of telephone calls to the Helpline Number(s) - 39020202 / 1860 180 1290 (prefix local STD code) or 1800 180 1290 (toll free) and/or by way of online booking made via www.sbicard.com.
    4. This offer on Flexipay is valid only for bookings between 5th Apr 2016 and 30th June 2016 -both days inclusive (“Term”).
    5. Flexipay bookings made under 3, 6, 9 & 12 months tenure will attract an interest rate of 8% flat p.a. & bookings made under the 24 & 36 months tenure will attract an interest rate of 7.5% flat p.a. (corresponding reducing rate for all tenures is mentioned in clause 12) for a minimum amount of Rs. 2500/- and above. Additionally a processing fee will be charged on the Flexipay amount at the interest rate of 2% subject to a minimum of Rs.199/- and a maximum of Rs.1000/-.
    6. As a part of the offer, cardholder would be eligible to get a 100% processing fee waiver for Flexipay bookings greater than or equal to Rs. 50,000/- during the offer “Term” for all tenures.
    7. Under this offer, the cardholder would be allowed to convert only Retail transactions of Rs. 2500/- and above into installments. Interest levied, Fees and Charges, GST and any other charges levied on the card cannot be converted into installments. Fuel and Jewelry transactions (in view of guidelines issued by the Reserve Bank of India) cannot be converted into Flexipay. Accordingly and in pursuant thereto, SBICPSL at its sole instance may decline Flexipay facility on such transaction categories.
    8. More than one retail transaction of Rs. 2500/- and above can be clubbed together to avail the offer. The SBI Credit cardholder can call up SBICPSL help line within 30 days of the purchase or before the payment due date (whichever is earlier) and ask for transfer of the said retail transaction amount to Flexipay.
    9. Eligible cardholders can call up the SBICPSL Helpline 39020202 / 1860 180 1290 (prefix local STD code) or 1800 180 1290 (toll free) within the offer Term and ask for transfer of retail transaction amount to Flexipay. The Cardholder can also avail the offer on our website – www.sbicard.com during the offer Term.
    10. This offer on Flexipay is valid from 5th Apr 2016 to 30th June 2016 (“Term”). Any bookings made after 30th June 2016 will attract an interest rate of 14.5% flat p.a. and a processing fee of 2% subject to a minimum of Rs.199/- and a maximum of Rs.1000/- will be charged without any additional feature mentioned in clause nos. 5 and 6 above.
    11. The Flexipay facility from SBICPSL is available over different tenures of 3, 6, 9, 12, 24 and 36 months, subject to the option exercised by the SBI Credit Cardholders. The tenure option of 36 months is only available for transaction amount greater than or equal to Rs. 30,000/- and booking amount greater than or equal to 30,000/-.
    12. The reducing interest rate applicable for different tenures are as follows:

      Tenure (Months) ~ corrs. to flat rate of 8% Reducing interest rate (annualized)
      3 11.96%
      6 13.59%
      9 14.18%
      12 14.45%

      For 24 & 36 months :

      Tenure (Months) ~ corrs. to flat rate of 7.5% Reducing interest rate(annualized)
      24 13.80%
      36 13.69%
    13. At any given month the portion of the monthly repayment amount applied towards interest is determined by multiplying the monthly 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 the reducing principal balance. Illustrative example of amortization scheduled given in clause No.40.
    14. For the purposes of booking Flexipay, the period of 30 days from the date of the retail transaction is the defined term (“Eligible Term”). If any transaction is converted to Flexipay after the Payment Due Date (“PDD”), interest charges of 3.35% p.m. 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.
    15. It is clarified that, if the said retail transaction is paid in full the same cannot be converted to Flexipay. If the transaction amount is partially paid and the unpaid amount is equal to or more than Rs.2500/-, only the unpaid balance amount can be converted to Flexipay.
    16. In case the SBI Credit cardholders has made multiple retail purchase transactions, each one of them more than Rs. 2500/-, then the SBI Credit Cardholders can combine these transactions and move the consolidated purchase amount to the Flexipay Scheme.
    17. The Flexipay facility is applicable/available only on retail purchases (subject to minimum single booking of Rs. 2500/- or more) made by either Primary or Add on SBI Credit Card. No request from Add on SBI Credit Cardholder will be entertained for transfer of retail purchases to Flexipay. The Processing Fee waiver offer is applicable only for Flexipay booking amount greater than or equal to Rs. 50,000/-.
    18. 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.
    19. 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% p.m. on his revolving balance till the time the transfer to Flexipay actually takes place within the Term defined hereinabove.
    20. Upon Flexipay approval, the SBI Credit Cardholder credit limit shall be blocked upto Flexipay Principal Amount + Processing Fee. The Credit limit gets adjusted as and when the Flexipay installment payments are made by the SBI credit cardholder.
    21. A SBI credit cardholder can take multiple Flexipay subject to the available credit limit on his SBI Credit Card account.
    22. Flexipay monthly installment is calculated as (Flexipay Principal Amount + Flexipay interest charge)/ Tenure. Example: Principle amount is Rs.10,000/-, Interest rate is 8% p.a. and Tenure is 24 months. The total interest charge will be (10,000 * 8% * 24/12) = Rs.1600/-. The EMI is calculated as (10,000/- + 1600/-)/24.
    23. Flexipay monthly installment schedule will begin from the SBICPSLholder next billing statement and continue over the Flexipay tenure. The Flexipay monthly installment (s) shall be included in the Minimum Amount Due (MAD) of the Statement of account in the duration of the Flexipay tenure.
    24. The MAD will be 5% of the SBICPSLholder 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).
    25. Non Payment of MAD will attract normal late payment fees and a standard credit charge of 3.35% p.m. on the unpaid Flexipay monthly installments.
    26. Under Payment of MAD will attract normal late payment fees and a standard credit charge of 3.35% p.m. on the unpaid Flexipay monthly installments
    27. In the event of non-payment / short payment of the Minimum Amount Due (MAD) for more than three successive months or 90 days whichever is earlier, the Flexipay shall be closed on 91st day and the principal outstanding along with the outstanding interest accrued till the date of such closure shall be debited to the Credit Card Account and appear in the subsequent monthly statement. SBICPSL shall be entitled to demand immediate repayment of such consolidated outstanding amounts. As a part of the Credit Card Account, this balance will now attract all the charges including finance charges at the credit card rate of interest, over-limit charges in the event account balance post transfer of loan outstanding if any exceeds the existing Credit Card limit as mentioned in the cardholders MITC.
    28. In the event, a cardholder puts a cancellation request, within 45 days of Flexipay facility getting booked then all fees charged will be reversed. In this scenario, the processing fee waiver provided on the Flexipay facility would not be applicable. For such cancellation scenarios, if the processing fee waiver is provided on the account, the same would be reversed within 60 days of offer closure i.e. by 30th June 2016.
    29. The SBICPSL cardholder can make request for cancellation of Flexipay by calling the SBICPSL helpline. On receipt of this request, the outstanding Flexipay principal amount is moved back to SBICPSL cardholders retail balance and a cancellation fee of 3% of Principal outstanding post 45 days shall be levied on the same. The outstanding principle amount is calculated basis reducing interest rate.
    30. At the time of cancellation of Flexipay, if the SBICPSL 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.
    31. Booking a Flexipay on phone will be deemed as acceptance of the terms and conditions of this program as set forth on www.sbicard.com and/or any other medium chosen by SBICPSL.
    32. Flexipay booking requests sent by mail or electronic mail will be considered valid only if received by SBICPSL within 30 days of transaction date/ before the Payment Due Date (whichever is earlier).
    33. No request for Flexipay will be entertained within 90 days of SBICPSLholder’s flipping/change of card request.
    34. Transfer from one Flexipay to another will not be entertained.
    35. 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.
    36. 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.
    37. Government service tax @ 14% and Swachh Bharat Cess @ 0.5% shall be levied on all fees, interest charges etc as applicable
    38. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on www.sbicard.com
    39. 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.
    40. Illustrative example of amortization schedule:

      Amortization schedule

      Sr. No. Billing Date Installment Interest Principal Balance Taxes#
      1 05-Apr-16 900 120.43 779.57 9220.43 17.46
      2 05-May-16 900 111.05 788.95 8431.48 16.10
      3 05-Jun-16 900 101.54 798.46 7633.02 14.72
      4 05-Jul-16 900 91.93 808.07 6824.95 13.33
      5 05-Aug-16 900 82.2 817.8 6007.15 11.92
      6 05-Sep-16 900 72.35 827.65 5179.5 10.49
      7 05-Oct-16 900 62.38 837.62 4341.87 9.04
      8 05-Nov-16 900 52.29 847.71 3494.17 7.58
      9 05-Dec-16 900 42.08 857.92 2636.25 6.10
      10 05-Jan-17 900 31.75 868.25 1768 4.60
      11 05-Feb-17 900 21.29 878.71 889.29 3.09
      12 05-Mar-17 900 10.71 889.29 0 1.55

      Principal 10000
      Installment 900
      R.O.I 8.00%
      Tenure 12

      #Taxes: Government Service Tax calculated @ 14% of interest component + Swachh Bharat Cess calculated @ 0.5% of interest component.
  • Flexipay Summer Treat offer - Book at low interest rate of 13% (for 3,6,9 & 12 mnth) & 12% (for 24 & 36 mnth) and enjoy 100% Processing fee waiver (valid b/w 05-Apr-2016 to 30-Jun-2016)

    Flexipay Summer Treat offer T&C’s –

    • Lower Rate of interest at 12% flat p.a + 100% Processing fee waiver for bookings >=50k (for 24 & 36 months)
    • Lower Rate of interest at 13% flat p.a + 100% Processing fee waiver for bookings >=50k (for all other tenures)
    1. This offer is on Flexipay facility and is open only to those SBI credit cardholders ("Cardholders") who have received the offer from SBICPSLs and Payment Services Pvt. Ltd ("SBICPSL") through an appropriate communication medium decided by SBICSPL.
    2. The Flexipay facility is not available to the delinquent and any other ineligible Cardholders determined as per the internal policy of SBICPSL. Accordingly, approval of Flexipay facility is at the sole and absolute discretion of SBICPSL.
    3. The Flexipay facility may be availed of by the Cardholders by way of telephone calls to the Helpline Number(s) - 39020202 / 1860 180 1290 (prefix local STD code) or 1800 180 1290 (toll free) and/or by way of online booking made via www.sbicard.com.
    4. This offer on Flexipay is valid only for bookings between 5th Apr 2016 and 30th June 2016 -both days inclusive (“Term”).
    5. Flexipay bookings made under 3, 6, 9 & 12 months tenure will attract an interest rate of 8% flat p.a. & bookings made under the 24 & 36 months tenure will attract an interest rate of 7.5% flat p.a. (corresponding reducing rate for all tenures is mentioned in clause 12) for a minimum amount of Rs. 2500/- and above. Additionally a processing fee will be charged on the Flexipay amount at the interest rate of 2% subject to a minimum of Rs.199/- and a maximum of Rs.1000/-.
    6. As a part of the offer, cardholder would be eligible to get a 100% processing fee waiver for Flexipay bookings greater than or equal to Rs. 50,000/- during the offer “Term” for all tenures.
    7. Under this offer, the cardholder would be allowed to convert only Retail transactions of Rs. 2500/- and above into installments. Interest levied, Fees and Charges, GST and any other charges levied on the card cannot be converted into installments. Fuel and Jewelry transactions (in view of guidelines issued by the Reserve Bank of India) cannot be converted into Flexipay. Accordingly and in pursuant thereto, SBICPSL at its sole instance may decline Flexipay facility on such transaction categories.
    8. More than one retail transaction of Rs. 2500/- and above can be clubbed together to avail the offer. The SBI Credit cardholder can call up SBICPSL help line within 30 days of the purchase or before the payment due date (whichever is earlier) and ask for transfer of the said retail transaction amount to Flexipay.
    9. Eligible cardholders can call up the SBICPSL Helpline 39020202 / 1860 180 1290 (prefix local STD code) or 1800 180 1290 (toll free) within the offer Term and ask for transfer of retail transaction amount to Flexipay. The Cardholder can also avail the offer on our website – www.sbicard.com during the offer Term.
    10. This offer on Flexipay is valid from 5th Apr 2016 to 30th June 2016 (“Term”). Any bookings made after 30th June 2016 will attract an interest rate of 14.5% flat p.a. and a processing fee of 2% subject to a minimum of Rs.199/- and a maximum of Rs.1000/- will be charged without any additional feature mentioned in clause nos. 5 and 6 above.
    11. The Flexipay facility from SBICPSL is available over different tenures of 3, 6, 9, 12, 24 and 36 months, subject to the option exercised by the SBI Credit Cardholders. The tenure option of 36 months is only available for transaction amount greater than or equal to Rs. 30,000/- and booking amount greater than or equal to 30,000/-.
    12. The reducing interest rate applicable for different tenures are as follows:

      Tenure (Months) ~ corrs. to flat rate of 13% Reducing interest rate (annualized)
      6 21.95%
      9 22.83%
      12 23.19%

      For 24 & 36 months :

      Tenure (Months) ~ corrs. to flat rate of 12% Reducing interest rate(annualized)
      24 21.57%
      36 21.20%
    13. At any given month the portion of the monthly repayment amount applied towards interest is determined by multiplying the monthly 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 the reducing principal balance. Illustrative example of amortization scheduled given in clause No.40.
    14. For the purposes of booking Flexipay, the period of 30 days from the date of the retail transaction is the defined term (“Eligible Term”). If any transaction is converted to Flexipay after the Payment Due Date (“PDD”), interest charges of 3.35% p.m. 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.
    15. It is clarified that, if the said retail transaction is paid in full the same cannot be converted to Flexipay. If the transaction amount is partially paid and the unpaid amount is equal to or more than Rs.2500/-, only the unpaid balance amount can be converted to Flexipay.
    16. In case the SBI Credit cardholders has made multiple retail purchase transactions, each one of them more than Rs. 2500/-, then the SBI Credit Cardholders can combine these transactions and move the consolidated purchase amount to the Flexipay Scheme.
    17. The Flexipay facility is applicable/available only on retail purchases (subject to minimum single booking of Rs. 2500/- or more) made by either Primary or Add on SBI Credit Card. No request from Add on SBI Credit Cardholder will be entertained for transfer of retail purchases to Flexipay. The Processing Fee waiver offer is applicable only for Flexipay booking amount greater than or equal to Rs. 50,000/-.
    18. 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.
    19. 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% p.m. on his revolving balance till the time the transfer to Flexipay actually takes place within the Term defined hereinabove.
    20. Upon Flexipay approval, the SBI Credit Cardholder credit limit shall be blocked upto Flexipay Principal Amount + Processing Fee. The Credit limit gets adjusted as and when the Flexipay installment payments are made by the SBI credit cardholder.
    21. A SBI credit cardholder can take multiple Flexipay subject to the available credit limit on his SBI Credit Card account.
    22. Flexipay monthly installment is calculated as (Flexipay Principal Amount + Flexipay interest charge)/ Tenure. Example: Principle amount is Rs.10,000/-, Interest rate is 8% p.a. and Tenure is 24 months. The total interest charge will be (10,000 * 8% * 24/12) = Rs.1600/-. The EMI is calculated as (10,000/- + 1600/-)/24.
    23. Flexipay monthly installment schedule will begin from the SBICPSLholder next billing statement and continue over the Flexipay tenure. The Flexipay monthly installment (s) shall be included in the Minimum Amount Due (MAD) of the Statement of account in the duration of the Flexipay tenure.
    24. The MAD will be 5% of the SBICPSLholder 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).
    25. Non Payment of MAD will attract normal late payment fees and a standard credit charge of 3.35% p.m. on the unpaid Flexipay monthly installments.
    26. Under Payment of MAD will attract normal late payment fees and a standard credit charge of 3.35% p.m. on the unpaid Flexipay monthly installments
    27. In the event of non-payment / short payment of the Minimum Amount Due (MAD) for more than three successive months or 90 days whichever is earlier, the Flexipay shall be closed on 91st day and the principal outstanding along with the outstanding interest accrued till the date of such closure shall be debited to the Credit Card Account and appear in the subsequent monthly statement. SBICPSL shall be entitled to demand immediate repayment of such consolidated outstanding amounts. As a part of the Credit Card Account, this balance will now attract all the charges including finance charges at the credit card rate of interest, over-limit charges in the event account balance post transfer of loan outstanding if any exceeds the existing Credit Card limit as mentioned in the cardholders MITC.
    28. In the event, a cardholder puts a cancellation request, within 45 days of Flexipay facility getting booked then all fees charged will be reversed. In this scenario, the processing fee waiver provided on the Flexipay facility would not be applicable. For such cancellation scenarios, if the processing fee waiver is provided on the account, the same would be reversed within 60 days of offer closure i.e. by 30th June 2016.
    29. The SBICPSL cardholder can make request for cancellation of Flexipay by calling the SBICPSL helpline. On receipt of this request, the outstanding Flexipay principal amount is moved back to SBICPSL cardholders retail balance and a cancellation fee of 3% of Principal outstanding post 45 days shall be levied on the same. The outstanding principle amount is calculated basis reducing interest rate.
    30. At the time of cancellation of Flexipay, if the SBICPSL 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.
    31. Booking a Flexipay on phone will be deemed as acceptance of the terms and conditions of this program as set forth on www.sbicard.com and/or any other medium chosen by SBICPSL.
    32. Flexipay booking requests sent by mail or electronic mail will be considered valid only if received by SBICPSL within 30 days of transaction date/ before the Payment Due Date (whichever is earlier).
    33. No request for Flexipay will be entertained within 90 days of SBICPSLholder’s flipping/change of card request.
    34. Transfer from one Flexipay to another will not be entertained.
    35. 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.
    36. 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.
    37. Government service tax @ 14% and Swachh Bharat Cess @ 0.5% shall be levied on all fees, interest charges etc as applicable
    38. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on www.sbicard.com
    39. 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.
    40. Illustrative example of amortization schedule:

      Amortization schedule

      Sr. No. Billing Date Installment Interest Principal Balance Taxes#
      1 05-Apr-16 933.33 178.81 754.52 9245.48 25.93
      2 05-May-16 933.33 165.32 768.02 8477.46 23.97
      3 05-Jun-16 933.33 151.59 781.75 7695.71 21.98
      4 05-Jul-16 933.33 137.61 795.73 6899.99 19.95
      5 05-Aug-16 933.33 123.38 809.95 6090.03 17.89
      6 05-Sep-16 933.33 108.9 824.44 5265.59 15.79
      7 05-Oct-16 933.33 94.15 839.18 4426.42 13.65
      8 05-Nov-16 933.33 79.15 854.18 3572.23 11.48
      9 05-Dec-16 933.33 63.88 869.46 2702.77 9.26
      10 05-Jan-17 933.33 48.33 885.01 1817.77 7.01
      11 05-Feb-17 933.33 32.5 900.83 916.94 4.71
      12 05-Mar-17 933.33 16.4 916.94 0 2.38

      Principal 10000
      Installment 933.33
      R.O.I 12.00%
      Tenure 12

      #Taxes: Government Service Tax calculated @ 14% of interest component + Swachh Bharat Cess calculated @ 0.5% of interest component.
  • 0% Interest on Cash Withdrawal up to 30 Apr 2016

      Terms & Conditions

    • The “Cash Withdrawal” offer (hereinafter “ Offer”) is made open to a select category of SBI Credit Cardholder (“Cardholders”) determined by SBI Cards and Payments Services Private Limited (“SBICPSL”) and to whom this offer is communicated by a suitable medium decided at the sole option and discretion of SBICPSL.
    • The Offer is valid from 16th Feb’16 to 30th Apr’16. Both dates inclusive (hereinafter “Term”)
    • By availing this offer benefits by conducting a financial transaction of withdrawing cash through an ATM machine, the Cardholder provides consent to all terms and conditions.
    • During the offer period, no interest is being charged on cash withdrawals through an ATM machine by the Cardholders. This Offer is exclusive of any other offer or schemes of SBICPSL and it cannot be clubbed and/or combined with any other similar schemes.

        Illustration: -

      • If you withdraw on 16th Feb’16, you will be charged 0% p.m. for 75 days till 30th Apr’16
      • If you again withdraw on 1st Apr’16, you will be charged 0% p.m. for 30 days till 30th Apr’16
    • A transaction fee of 2.5% or Rs.300 whichever is higher at domestic SBI ATMs and other domestic ATM's and 3% or Rs. 300, whichever is higher at international ATMs will be levied on all cash withdrawals under this Offer.
    • This Offer is being extended on a best effort basis and the participation by a Cardholder is purely voluntary. SBICPSL shall not have and accepts no other liability except and in accordance with these Offer terms, in the event of any actions, claims, demands, losses, damages, costs, charges and expenses which the SBI Cardholder may suffer or incur by way of his/her participation in this offer or with any matter whether directly, indirectly, incidentally and consequentially connected therewith.
    • SBICPSL reserves the right at any time with/without previous notice to add, alter, modify, change or vary all or any of these terms and conditions or replace, wholly or in part, this scheme by any other scheme, whether similar to this scheme or not or to altogether withdraw this offer.
    • Any disputes or differences arising out of this Program and any of its governing terms shall be referred to Arbitration under the Arbitration and Conciliation Act, 1996 and any amendments carried thereof. Arbitration proceedings 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 disputing parties.
    • Existence of a dispute shall not constitute a claim against SBICPSL.
  • 0% Interest on Cash Withdrawal up to 15 May 2016

      Terms & Conditions

    • The “Cash Withdrawal” offer (hereinafter “ Offer”) is made open to a select category of SBI Credit Cardholder (“Cardholders”) determined by SBI Cards and Payments Services Private Limited (“SBICPSL”) and to whom this offer is communicated by a suitable medium decided at the sole option and discretion of SBICPSL.
    • The Offer is valid from 16th Feb’16 to 15th May’16. Both dates inclusive (hereinafter “Term”)
    • By availing this offer benefits by conducting a financial transaction of withdrawing cash through an ATM machine, the Cardholder provides consent to all terms and conditions.
    • During the offer period, no interest is being charged on cash withdrawals through an ATM machine by the Cardholders. This Offer is exclusive of any other offer or schemes of SBICPSL and it cannot be clubbed and/or combined with any other similar schemes.

        Illustration: -

      • If you withdraw on 16th Feb’16, you will be charged 0% p.m. for 90 days till 15th May’16
      • If you again withdraw on 1st Apr’16, you will be charged 0% p.m. for 45 days till 15th May’16
    • A transaction fee of 2.5% or Rs.300 whichever is higher at domestic SBI ATMs and other domestic ATM's and 3% or Rs. 300, whichever is higher at international ATMs will be levied on all cash withdrawals under this Offer.
    • This Offer is being extended on a best effort basis and the participation by a Cardholder is purely voluntary. SBICPSL shall not have and accepts no other liability except and in accordance with these Offer terms, in the event of any actions, claims, demands, losses, damages, costs, charges and expenses which the SBI Cardholder may suffer or incur by way of his/her participation in this offer or with any matter whether directly, indirectly, incidentally and consequentially connected therewith.
    • SBICPSL reserves the right at any time with/without previous notice to add, alter, modify, change or vary all or any of these terms and conditions or replace, wholly or in part, this scheme by any other scheme, whether similar to this scheme or not or to altogether withdraw this offer.
    • Any disputes or differences arising out of this Program and any of its governing terms shall be referred to Arbitration under the Arbitration and Conciliation Act, 1996 and any amendments carried thereof. Arbitration proceedings 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 disputing parties.
    • Existence of a dispute shall not constitute a claim against SBICPSL.
  • 50% Processing Fee waiver on Cash Withdrawal up to 30 Apr 2016

      Terms & Conditions

    • The “Cash Withdrawal” offer (hereinafter “ Offer”) is made open to a select category of SBI Credit Cardholder (“Cardholders”) determined by SBI Cards and Payments Services Private Limited (“SBICPSL”) and to whom this offer is communicated by a suitable medium decided at the sole option and discretion of SBICPSL.
    • The Offer is valid from 16th Feb’16 to 30th Apr’16. Both dates inclusive (hereinafter “Term”)
    • By availing this offer benefits by conducting a financial transaction of withdrawing cash through an ATM machine, the Cardholder provides consent to all terms and conditions.
    • As a part of the offer, cardholder would be eligible to get a 50% processing fee waiver for all ATM Cash withdrawals during the offer “Term”. This Offer is exclusive of any other offer or schemes of SBICPSL and it cannot be clubbed and/or combined with any other similar schemes.
    • Eligible cardholders will be credited with the processing fee within 30 days of offer closure i.e. 30th May, 2016.
    • A regular interest rate of 3.35% will be applicable to all cash withdrawals. For detailed TnC, visit sbicard.com.
    • This Offer is being extended on a best effort basis and the participation by a Cardholder is purely voluntary. SBICPSL shall not have and accepts no other liability except and in accordance with these Offer terms, in the event of any actions, claims, demands, losses, damages, costs, charges and expenses which the SBI Cardholder may suffer or incur by way of his/her participation in this offer or with any matter whether directly, indirectly, incidentally and consequentially connected therewith.
    • SBICPSL reserves the right at any time with/without previous notice to add, alter, modify, change or vary all or any of these terms and conditions or replace, wholly or in part, this scheme by any other scheme, whether similar to this scheme or not or to altogether withdraw this offer.
    • Any disputes or differences arising out of this Program and any of its governing terms shall be referred to Arbitration under the Arbitration and Conciliation Act, 1996 and any amendments carried thereof. Arbitration proceedings 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 disputing parties.
    • Existence of a dispute shall not constitute a claim against SBICPSL.
  • 50% Processing Fee waiver on Cash Withdrawal up to 15 May 2016

      Terms & Conditions

    • The “Cash Withdrawal” offer (hereinafter “ Offer”) is made open to a select category of SBI Credit Cardholder (“Cardholders”) determined by SBI Cards and Payments Services Private Limited (“SBICPSL”) and to whom this offer is communicated by a suitable medium decided at the sole option and discretion of SBICPSL.
    • The Offer is valid from 16th Feb’16 to 15th May’16. Both dates inclusive (hereinafter “Term”)
    • By availing this offer benefits by conducting a financial transaction of withdrawing cash through an ATM machine, the Cardholder provides consent to all terms and conditions.
    • As a part of the offer, cardholder would be eligible to get a 50% processing fee waiver for all ATM Cash withdrawals during the offer “Term”. This Offer is exclusive of any other offer or schemes of SBICPSL and it cannot be clubbed and/or combined with any other similar schemes.
    • Eligible cardholders will be credited with the processing fee within 30 days of offer closure i.e. 15th Jun, 2016.
    • A regular interest rate of 3.35% will be applicable to all cash withdrawals. For detailed TnC, visit sbicard.com.
    • A transaction fee of 2.5% or Rs.300 whichever is higher at domestic SBI ATMs and other domestic ATM's and 3% or Rs. 300, whichever is higher at international ATMs will be levied on all cash withdrawals under this Offer.
    • This Offer is being extended on a best effort basis and the participation by a Cardholder is purely voluntary. SBICPSL shall not have and accepts no other liability except and in accordance with these Offer terms, in the event of any actions, claims, demands, losses, damages, costs, charges and expenses which the SBI Cardholder may suffer or incur by way of his/her participation in this offer or with any matter whether directly, indirectly, incidentally and consequentially connected therewith.
    • SBICPSL reserves the right at any time with/without previous notice to add, alter, modify, change or vary all or any of these terms and conditions or replace, wholly or in part, this scheme by any other scheme, whether similar to this scheme or not or to altogether withdraw this offer.
    • Any disputes or differences arising out of this Program and any of its governing terms shall be referred to Arbitration under the Arbitration and Conciliation Act, 1996 and any amendments carried thereof. Arbitration proceedings 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 disputing parties.
    • Existence of a dispute shall not constitute a claim against SBICPSL.
  • Encash website offer – Book Encash online for INR 100K or more and enjoy Cashback upto INR 3000 (valid between 27-Nov-2015 to 27- Jan 2016)

    • Cashback of INR 1500 for booking amount >= INR 1,00,000 & <= INR2,00,000
    • Cashback of INR 3000 for booking amount >= INR 2,00,000

    1. This Encash Cashback Offer ("Offer") is made by SBI Cards & Payment Services Pvt. Ltd ("SBICPSL") to certain SBICPSL Credit Cardholder ("Cardholders"). The intended recipients shall receive the offer through appropriate medium as chosen by SBICPSL. By availing this Offer and benefits accruing thereto, the Cardholder explicitly agrees to be bound by all the terms and conditions herein.
    2. This offer is applicable only for Encash bookings done on sbicard.com, by the eligible cardholders, during the offer period. SBICPSL Cardholders who book Encash on sbicard.com during the offer period would be eligible for a Cashback of INR 1500 for a booking amount >= INR 1,00,000 & <=INR 2,00,000 or Cashback of INR 3000 for booking amount >= INR 2,00,000.
    3. The offer is valid from 27st November 2015 to 27th January 2016. (Both days inclusive).
    4. Encash carries a reducing rate of interest and such reducing rate of interest shall be communicated to the Cardholder vide an amortization schedule duly recorded in the Encash sanction letter issued by SBICPSL to the Cardholder. This Reducing rate of interest shall be charged to the Cardholder on the offered principal amount and for calculating all his financial obligations under this Offer and the same shall be the basis of drawing the appropriate amortization Schedule enumerated under Clause 30 herein below.
    5. The Rate of Interest applicable for Encash facility is card member specific as decided by SBICPSL Cards at its sole discretion and intimated to the card member prior to availing the facility. The rate of interest offered to a customer is determined by factors such as, but not limited to: a. Past transaction / repayment behavior of the customer b. Credit risk profile The cost of funds and other operational costs for the business also determine the rate of interest. Interest rate applicable on Encash facility ranges from 7% - 24.55%.
    6. Encash also carries a one-time Processing fees of 2% of the booking amount subject to a minimum of INR 499 and a maximum of INR 3000
    7. Changes in factors mentioned above may result in upward or downward revision of the interest applicable on the Encash facility from time to time / from offer to offer at the sole discretion of SBICPSL. All fees / charges applicable to the facility may or may not be dynamic and are subject to modifications based on SBICPSL periodic internal review.
    8. This Offer is also subject to a maximum limit on the amount that may be availed by the Cardholder. The limit on the Offer can either be over and above the existing credit limit or from within the existing credit limit of SBICPSL. In all events when an Encash is offered over and above the credit limit, the maximum limit shall be contained and communicated by way of the proposed communication medium as made applicable by SBICPSL to the intended recipient. In all events when an Encash is offered from the credit limit, the amount offered will be part of the existing credit limit and the credit limit shall be blocked up to Principal availed + Interest component. On payment of the monthly repayment amount, the Credit limit to the extent of monthly repayment amount will be credited back to the existing credit limit. It is clarified that the maximum amount offered will be subject to the available credit limit on the Card at the time of availing the Offer. This Offer (both in case of over the existing limit or within the existing limit) is subject to a minimum request for an amount of INR 10,000 (Ten Thousand Only).
    9. The aforesaid general terms and conditions dealing with interest rate etc under Clauses 5 to 8 are applicable on all Encash Offerings irrespective of the specific benefits under this Offer.
    10. The Cardholders will be offered the option of availing the benefits under this Offer by requesting for at par Cheque.
    11. The monthly repayment amount is calculated as (Principal Amount + Interest charge) / Tenure in months. The interest charged is the reducing rate of interest and accordingly 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.
    12. Eligible cardholders will be credited with the Cashback within 60 days of offer closure i.e 27th March 2016.
    13. The monthly repayment schedule will begin from the SBICPSL Cardholder next billing statement and continue over the tenure period chosen for the Offer.
    14. The Minimum Amount Due (MAD) will be 5% of the SBICPSL Cardholders existing revolving balances (Retail/Cash/Balance Transfer) and the monthly repayment amount due under the Offer (or all monthly repayment amounts due in case of multiple Offers).
    15. Non Payment of MAD will attract normal late payment fees and a maximum credit charge of 3.35%p.m. on the unpaid monthly repayment amounts.
    16. Under Payment of MAD will attract normal late payment fees and a maximum credit charge of 3.35%p.m. on the unpaid monthly repayment amounts.
    17. In the event of non-payment / short payment of the Minimum Amount Due for more than three successive months or 90 days whichever is earlier, the Encash facility shall be closed/withdrawn on 91st day and the principal outstanding along with the outstanding interest accrued till the date of such closure shall be debited to the Credit Card Account and appear in the subsequent monthly statement. SBICPSL shall be entitled to demand immediate repayment of such consolidated outstanding amounts. As a part of the Credit Card Account, this balance will now attract all the charges including finance charges at the credit card rate of interest, over-limit charges in the event the Account balance post transfer of loan outstanding if any exceeds the existing Credit Card limit as mentioned in the cardholders MITC.
    18. The SBICPSL Cardholder is supposed to pay the MAD in full to avoid getting delinquent.
    19. The SBICPSL cardholder shall be levied a foreclosure fee amounting to 3% of the Principal amount outstanding in case of the Offer being voluntarily pre-closed by the customer prior to the maturity of the tenure period opted for. The principal outstanding is calculated basis reducing interest rate as shown in the amortization scheduled sent along with Encash Cheque/ Draft. In the illustration mentioned in point 30 the “balance” column will be used to calculate the foreclosure amount for example if the cardholder forecloses in the 5th month the foreclosure amount will be calculated as INR 12097.82*3% =Rs. 362.93.
    20. In the event, a cardholder puts a cancellation request, within 45 days of Offer getting booked then all fees charged will be reversed. Notwithstanding above it is clarified that the applicable charges will not be reversed once a cheque or a draft issued to the cardholder has been cleared and resulted in a clear credit to the Cardholder account . Any cancellations after 45 days of Offer getting booked, the fees charged will not be reversible and the same shall be charged to the cardholder. In this scenario, the Cashback provided for the Encash web offer would not be applicable. For such cancellation scenarios, if the Cashback is provided on the account, the same would be reversed within 60 days of offer closure i.e. by 27th March 2016.
    21. No request for change in billing cycle will be entertained before all the repayment amounts have been cleared by the Cardholder.
    22. Transfer from this Offer to any other offer will not be entertained. SBICPSL reserves its absolute right at any time to add, alter, modify or change or vary terms and conditions herein after giving due notice to the Cardholder.
    23. Cardholders are not bound in any way to participate in this Offer. Any such participation is voluntary.
    24. Government service tax @ 14% and Swachh Bharat Cess @ 0.5% shall be levied on all fees, interest charges etc. as applicable.
    25. 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.
    26. By availing this Offer and by conducting a financial transaction (encashing the Encash Demand Draft / Cheque), and/or by booking the Offer online on www.sbicard.com, the Cardholder provides consent and acceptance to all terms and conditions herein including for sharing of all personal, transactional and other related information for the purpose of this Offer.
    27. No request from Add-on being additional SBICPSL Cardholder other than primary Cardholder will be entertained for booking of Offer or availing benefits under this offer
    28. SBICPSL may at its sole option and discretion withdraw this Offer with prior notice any time before the Encash Demand draft / cheque has been honoured/banked.
    29. The cardholder would generally receive the instrument within 3 working days (for Metro locations) or 5 working days of booking (for all other locations). This may, however, vary in case of unforeseen circumstances like bad weather conditions / flight delays / location or pin code being non-serviceable by the courier. Delays may also occur in the event of customer address is incomplete/untraceable/shifted or scenarios when the customer is not available. SBICPSL would not be held liable in the event of non-delivery of the instrument within the specified timeline.
    30. 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.
    31. Illustrative example of amortization schedule:

      Amortization schedule

      Sr. No. MRA Billing Date* Rs. MRA$ Rs. Interest Rs. Principal Rs. Balance Rs. Taxes# Rs.
      1 25-Nov-15 1,833.33 299.53 1,533.80 18,466.20 43.43
      2 26-Dec-15 1,833.33 276.56 1,556.77 16,909.43 40.1
      3 27-Jan-16 1,833.33 253.25 1,580.09 15,329.34 36.72
      4 28-Feb-16 1,833.33 229.58 1,603.75 13,725.59 33.29
      5 29-Mar-16 1,833.33 205.56 1,627.77 12,097.82 29.81
      6 30-Apr-16 1,833.33 181.19 1,652.15 10,445.67 26.27
      7 30-May-16 1,833.33 156.44 1,676.89 8,768.78 22.68
      8 1-Jun-16 1,833.33 131.33 1,702.01 7,066.77 19.04
      9 2-Jul-16 1,833.33 105.84 1,727.50 5,339.28 15.35
      10 3-Aug-16 1,833.33 79.96 1,753.37 3,585.91 11.59
      11 4-Sep-16 1,833.33 53.7 1,779.63 1,806.28 7.79
      12 5-Oct-16 1,833.33 27.05 1,806.28 0 3.92

      Request Id 0000000
      Principal INR20,000
      MRA INR 1,833.33
      R.O.I** 10.00% p.a.
      Tenure 12 Months

      The above is an Illustrative example of amortization schedule and the actual amortization schedule will be part of the sanction letter issued to the Cardholder.
      * MRA (Monthly Repayment Amount) Billing Date is the monthly statement date. For payment due date please refer your monthly statement
      $ MRA Excluding Government Service Tax
      #Taxes: Government Service Tax calculated @ 14% of interest component + Swachh Bharat Cess calculated @ 0.5% of interest component.
      ** - This is the flat rate of interest and is used to calculate the monthly repayment amount. The above flat rate of interest translates into 17.97% p.a. reducing interest rate.

  • Merchant EMI (Convert2EMI) Terms & Conditions

      General Terms and Conditions

    • This General Terms and Conditions as provided hereunder are to be read in conjunction with, and not in derogation to the terms and conditions contained in the Cardholder Agreement and nothing contained herein shall be construed or interpreted prejudicial to the terms and conditions of the Cardholder Agreement.
    • Unless otherwise specified, the terms and expressions contained herein shall have the same meaning as ascribed to them in the Cardholder Agreement.
    • This offer is brought to you by SBICPSL in conjunction with the merchant/ manufacturer entity through our aggregator/partner.
    • The EMI offers are valid for resident Indian citizens only and for transactions effected through SBI Credit Card with in the territory of India.
    • The EMI offers are valid only for selected products and/or services at selected Merchant Entities.
    • Cardholders are not bound in any way to participate in this Offer. Any such participation is purely voluntary and the same is being made purely on a “best effort basis”.
      • Tenure of EMI may vary with different product/services and Merchant Entities.
      • In these Terms and Conditions, the following terms shall have the following meanings.

      • “Credit Card” shall mean an unexpired credit card issued by SBICPSL.
      • “Cardholder” shall mean the holder of a Credit Card.
      • “Merchant EMI” shall mean a product wherein the purchase(s) done at Merchant Establishments/websites and are converted into Equal Monthly Installments at the point of transaction at the rate as communicated at the time of availing the product(s)/service(s).
      • Terms and Conditions for Merchant EMI

      • Merchant EMI (Convert2EMI) needs to be opted for at the time of transaction.
      • A Cardholder may opt to convert a purchase at select Merchant outlets into Equated Monthly Installments (EMIs.) The Purchase/s would be converted into Equated Monthly Installments (EMI) by charging interest on the total EMI Booking Amount value on a monthly reducing balance basis.
      • In the event the Credit Card is closed prior to all installments being charged, the amount outstanding against Merchant EMI plan shall be debited as a consolidated amount from the Credit Card account of the Cardholder.
      • SBICPSL shall be entitled to demand immediate repayment of such consolidated outstanding amounts.
      • The EMI shall be computed on a monthly reducing balance.
      • The Credit Limit on the Credit Card shall be blocked to the extent of the full transaction amount. The Credit Limit will be released to such extent as and when the EMI is billed and paid for in subsequent months.
      • Interest rates as communicated at the time of availing of the product(s) shall be applicable/ levied.
      • EMI would be booked automatically within 3 to 4 working days on request placed at the merchant provided there is sufficient outstanding balance available on card at the time of conversion. Please note, in case current outstanding balance on SBI card is less than the requested transaction amount then the current outstanding amount would be converted into EMI provided difference between current outstanding amount and requested transaction amount is less than or equal to 10%.
      • In case of any dispute/issue with respect to a merchant EMI transaction, cardholder must report the same to SBI Card within 45 days of transaction. SBICPSL shall not be liable for any non conversion/cashback related issues reported post this period.
      • SBICPSL will not be responsible for EMI conversion of transactions where merchant has errorneously swiped transaction as a regular transaction instead of EMI. Customers are adviced to check chargeslip for EMI details post transaction and request merchant to Void transaction in cases where a transaction is swiped as a regular transaction instead of EMI.
      • SBICPSL will not be responsible for EMI conversion of transactions where on account of a technical issue with merchant’s swipe machine, EMI option could not be opted for. Customers are requested to do transaction at some other merchant outlet in such cases.
      • Partial refunds do not affect the EMI booking done on card. In such cases, interest already billed to card will not be reversed.
      • Minimum merchant EMI booking amount is Rs. 2500.00. Some merchants may at their sole discretion choose to offer EMI on purchases much above this value.
      • Merchant / Manufacturer can choose to offer EMI option only on select products at their own discretion.
      • Merchant / manufacturer cashback/ discount will be posted on the same day of the interest bearing EMI booking plan creation on the account. It is relevant to note that merchant / manufacturer cashback/ discount is being directly offered by the merchant / manufacturer to the customers through aggregator / partner. In an exceptional case of EMI booking cancellation, any such Merchant / manufacturer cashback/ discount posted to card earlier, will be debited in full.
      • If the EMI booking is validly rejected by SBICPSL in accordance with SBICPSL policies, cashback/ discount transaction would not be posted on the account.
      • Cancellation of Merchant EMI bookings is not allowed – except in case of the transaction itself being cancelled and full refund from merchant reflecting on card within 45 days of transaction date. For such cancellation requests arising out of full refund, customers need to contact below mentioned SBI Card helpline numbers.
      • Reward points shall be earned as per features applicable to the Credit Card for the Merchant EMI purchase.
      • The conversion of the purchase amount to applicable EMI scheme is at the sole discretion of SBICPSL and such conversion is dependent upon timely submission of accurate purchase details by the aggregator to the SBICPSL in accordance with the terms and conditions agreed to by and between SBICPSL and the Aggregator and the Cardholder meeting the other eligibility criteria as applicable to such EMI offers. The Aggregator alone shall be responsible and liable to SBICPSL and the Cardholder for all matters relating to non-conversion of the purchase amount to EMI scheme either for itself and/or on behalf of the merchants enrolled directly by the aggregator for the EMI program. The responsibility of the aggregator and/or the Merchant shall be in accordance to their respective obligations under this program.
      • Billing and repayment

        The first EMI shall be billed on the first billing date for the Credit Card that falls post the date of the transaction on the Credit Card that is being converted into EMI as per the Merchant EMI plan. All billing of EMIs in the subsequent months shall be on the billing date of the Credit Card for that month.

        The EMI amount shall be included as a part of the minimum amount due appearing in the Cardholder’s monthly Credit Card Statement. Charges as communicated in the Most Important Terms and Conditions and Cardholder Terms & Conditions shall be applicable/ levied if the minimum amount due remains unpaid by the payment due date. Also refer to the Service Charges on Card Balances clause below.

        Interest Calculation Methodology

        Interest rates as communicated at the time of availing of the product(s)/service(s) shall be levied/ applicable on the EMI Booking amount. Interest rates applicable on monthly reducing balance methodology.

        Service Charges on Card balances

        If the amount paid towards dues on the Credit Card is less than the Total Amount Due, Service Charges shall be levied on such outstanding (including but not limited to the EMI as above), as per the interest rate applicable and communicated in the Most Important Terms & Conditions (MITC) and Cardholder Terms & Conditions. This rate is subject to change with prior notice. The applicable interest rate for computation of Service Charges on Credit Card balances shall be mentioned on the monthly statement. Please note, if the amount paid towards dues on the Credit Card is less than the Minimum Amount Due, Late Fee and Service charges, as applicable, shall be levied.

        Prepayment process and related charges

        Any payment/refund made into the Credit Card Account over and above the EMI shall not be deemed to be payment towards the amount availed under Merchant EMI and shall not be deemed as closure of the said facility. You can choose to pre-close the Merchant EMI facility with pre-payment charges by calling SBI Card helpline at 39 02 02 02 (Prefix STD code of your city while calling from mobile) or 1860 180 1290 (if calling from MTNL and BSNL lines). IVR & Emergency Services are available 24 hours and Customer Service representatives are available from Monday to Saturday between 8am to 8pm. SBICPSL reserves the right to revise the pre-payment charges at its discretion, with prior notice and such revised charges shall be binding on the Cardholder. Once the Merchant EMI is pre-closed, for any reason whatsoever, all outstanding including but not limited to the principal outstanding, pre-closure charge and the interest for the actual number of days till closure i.e., from the last billing date till the date of closure, shall be debited to the Credit Card account. In case of partial refund done by merchant towards a merchant EMI transaction, interest already billed to card will not be reversed.

        Pre-closure due to non-payment

        In the event of non-payment of the minimum amount due for three successive months, the Merchant EMI shall be pre-closed and the principal outstanding, the interest for the days till closure and the pre-closure charges shall be debited to the Credit Card account and appear in the subsequent monthly statement. SBICPSL shall be entitled to demand immediate repayment of such consolidated outstanding amounts.

        Pre-closure due to Card closure

        In the event the Credit Card is closed prior to all EMI(s) being charged, the amount outstanding under Merchant EMI and any applicable charges, as on the date of closure of the Credit Card shall be debited to the Credit Card account as a consolidated amount. SBICPSL shall be entitled to demand immediate repayment of such consolidated outstanding amounts.

        Pre-closure on request

        The SBI Cardholder can make request for pre-closure of EMI plan by calling the SBI Card helpline at 39 02 02 02 (Prefix STD code of your city while calling from mobile) or 1860 180 1290 (if calling from MTNL and BSNL lines). IVR & Emergency Services are available 24 hours and Customer Service representatives are available from Monday to Saturday between 8am to 8pm. On receipt of this request, the outstanding principal amount is moved back to SBI Cardholders retail balance and a preclosure fee of 3% shall be levied on the same. The outstanding principle amount is calculated basis reducing interest rate. At the time of preclosure of EMI Plan, if the SBI Cardholders account is revolving, then the above mentioned amount (Principal amount + Preclosure fee) will be added to the revolving balance and will attract standard credit card interest charges.

        Other Terms & Conditions

      • The Merchant Entities shall have the right to amend, alter, modify or withdraw/cancel the offer/s at any time at the sole discretion of their management.
      • The EMI offer/s cannot be clubbed with any other offer/scheme or promotion prevailing at the Merchant Entities during the offer term unless specified otherwise by the concerned Merchant Entity/s.
      • The Product/Services being offered under the EMI Offer/s is being offered and sold/ provided directly by the Merchant Entities to the Cardholder and SBICPSL is neither responsible nor guarantees merchantability, suitability, quality, delivery or after sales maintenance of the product/services nor is it liable if the same is in any way deficient or defective or damaged/lost in transit.
      • All queries, complaint/s, and disputes with respect to any aspect/s pertain to the offer/product/services such as delivery, service, suitability, merchantability, availability or quality of the offer and/or products/services under the offer must be taken up by the Cardholders directly with the concerned Merchant Entities and that SBICPSL shall not entertain any such query/complaint/communication in this regard.
      • SBICPSL shall have the right to add/alter /modify/amend or vary all/any of these terms & conditions and/or to replace wholly, or in part, the EMI offer/s by other offers, whether similar to the existing EMI offer/s or not , or to extend, withdraw cancel or terminate the existing EMI offer/s altogether without prior notice.
      • SBICPSL shall have the right to add/alter /modify/amend or vary all/any of these terms & conditions and/or to replace wholly, or in part, the EMI offer/s by other offers, whether similar to the existing EMI offer/s or not , or to extend, withdraw cancel or terminate the existing EMI offer/s altogether without prior notice.
      • Any Government levies / taxes like Sales Tax, TDS, any Local Tax etc., arising out of the EMI offer/s shall be borne by the Cardholder.
      • SBICPSL reserves the right to modify all interest rates and charges from time to time, at its sole discretion without prior notice.
      • Any disputes arising out of the EMI Offer/s shall be referred to arbitration to be conducted in accordance with the Arbitration and Conciliation Act, 1996. The Arbitral Tribunal shall consist of sole arbitrator to be appointed by SBICPSL. The place of such arbitration shall be New Delhi and language of arbitration shall be English. The existence of a dispute, if any, shall not constitute a claim against SBICPSL
      • Subject to above clause, all disputes are subject to the jurisdiction of competent courts of Delhi.
  • Flexipay festive offer - Book at low interest rate of 8% (for 3,6,9 & 12 mnth) & 7.5% (for 24 & 36 mnth) and enjoy 100% Processing fee waiver (valid b/w 20-Oct-2015 to 20-Dec-2015)

    Limited period – Flexipay festive program offer Terms & Conditions -

    • Lower Rate of interest at 8% flat p.a + 100% Processing fee waiver for bookings >=50k
    • Lower Rate of interest at 7.5% flat p.a + 100% Processing fee waiver for bookings >=50k (for 24 & 36 months)

    1. This offer is on Flexipay facility and is open only to those SBI credit cardholders ("Cardholders") who have received the offer from SBICPSLs and Payment Services Pvt. Ltd ("SBICPSL") through an appropriate communication medium decided by SBICSPL.
    2. The Flexipay facility is not available to the delinquent and any other ineligible Cardholders determined as per the internal policy of SBICPSL. Accordingly, approval of Flexipay facility is at the sole and absolute discretion of SBICPSL.
    3. The Flexipay facility may be availed of by the Cardholders by way of telephone calls to the Helpline Number(s) - 39020202 / 1860 180 1290 (prefix local STD code) or 1800 180 1290 (toll free) and/or by way of online booking made via www.sbicard.com.
    4. This offer on Flexipay is valid only for bookings between 20th Oct 2015 and 20th Dec 2015 -both days inclusive (“Term”).
    5. Flexipay bookings made under 3, 6, 9 & 12 months tenure will attract an interest rate of 8% flat p.a. & bookings made under the 24 & 36 months tenure will attract an interest rate of 7.5% flat p.a. (corresponding reducing rate for all tenures is mentioned in clause 12) for a minimum amount of Rs. 2500/- and above. Additionally a processing fee will be charged on the Flexipay amount at the interest rate of 2% subject to a minimum of Rs.199/- and a maximum of Rs.1000/- .
    6. As a part of the offer, cardholder would be eligible to get a 100% processing fee waiver for Flexipay bookings greater than or equal to Rs. 50,000/- during the offer “Term” for all tenures. Special Diwali offer between 12th Nov and 21st Nov 2015 (both days inclusive) - Cardholder would be eligible to get a 100% processing fee waiver for Flexipay bookings greater than or equal to Rs. 25,000/-.
    7. Under this offer, the cardholder would be allowed to convert only Retail transactions of Rs. 2500/- and above into installments. Interest levied, Fees and Charges, GST and any other charges levied on the card cannot be converted into installments. Fuel and Jewelry transactions (in view of guidelines issued by the Reserve Bank of India) cannot be converted into Flexipay. Accordingly and in pursuant thereto, SBICPSL at its sole instance may decline Flexipay facility on such transaction categories.
    8. More than one retail transaction of Rs. 2500/- and above can be clubbed together to avail the offer. The SBI Credit cardholder can call up SBICPSL help line within 30 days of the purchase or before the payment due date (whichever is earlier) and ask for transfer of the said retail transaction amount to Flexipay.
    9. Eligible cardholders can call up the SBICPSL Helpline 39020202 / 1860 180 1290 (prefix local STD code) or 1800 180 1290 (toll free) within the offer Term and ask for transfer of retail transaction amount to Flexipay. The Cardholder can also avail the offer on our website – www.sbicard.com during the offer Term.
    10. This offer on Flexipay is valid from 20th Oct 2015 to 20th Dec 2015 (“Term”). Any bookings made after 20th Dec 2015 will attract an interest rate of 14.5% flat p.a. and a processing fee of 2% subject to a minimum of Rs.199/- and a maximum of Rs.1000/- will be charged without any additional feature mentioned in clause nos. 5 and 6 above.
    11. 11. The Flexipay facility from SBICPSL is available over different tenures of 3, 6, 9, 12, 24 and 36 months, subject to the option exercised by the SBI Credit Cardholders. The tenure option of 36 months is only available for transaction amount greater than or equal to Rs. 30,000/- and booking amount greater than or equal to 30,000/- .
    12. The reducing interest rate applicable for different tenures are as follows:
      Tenure (Months) ~ corrs. to flat rate of 8% Reducing interest rate (annualized)
      3 11.96%
      6 13.59%
      9 14.18%
      12 14.45%

      For 24 & 36 months :

      Tenure (Months) ~ corrs. to flat rate of 7.5% Reducing interest rate (annualized)
      24 13.80%
      36 13.69%
    13. At any given month the portion of the monthly repayment amount applied towards interest is determined by multiplying the monthly 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 the reducing principal balance. Illustrative example of amortization scheduled given in clause No.40.
    14. For the purposes of booking Flexipay, the period of 30 days from the date of the retail transaction is the defined term (“Eligible Term”). If any transaction is converted to Flexipay after the Payment Due Date (“PDD”), interest charges of 3.35% p.m. 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.
    15. It is clarified that, if the said retail transaction is paid in full the same cannot be converted to Flexipay. If the transaction amount is partially paid and the unpaid amount is equal to or more than Rs.2500/-, only the unpaid balance amount can be converted to Flexipay.
    16. In case the SBI Credit cardholders has made multiple retail purchase transactions, each one of them more than Rs. 2500/-, then the SBI Credit Cardholders can combine these transactions and move the consolidated purchase amount to the Flexipay Scheme.
    17. The Flexipay facility is applicable/available only on retail purchases (subject to minimum single booking of Rs. 2500/- or more) made by either Primary or Add on SBI Credit Card. No request from Add on SBI Credit Cardholder will be entertained for transfer of retail purchases to Flexipay. The Processing Fee waiver offer is applicable only for Flexipay booking amount greater than or equal to Rs. 50,000/- .
    18. 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.
    19. 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% p.m. on his revolving balance till the time the transfer to Flexipay actually takes place within the Term defined hereinabove.
    20. Upon Flexipay approval, the SBI Credit Cardholder credit limit shall be blocked upto Flexipay Principal Amount + Processing Fee. The Credit limit gets adjusted as and when the Flexipay installment payments are made by the SBI credit cardholder.
    21. A SBI credit cardholder can take multiple Flexipay subject to the available credit limit on his SBI Credit Card account.
    22. Flexipay monthly installment is calculated as (Flexipay Principal Amount + Flexipay interest charge)/ Tenure. Example: Principle amount is Rs.10,000/-, Interest rate is 8% p.a. and Tenure is 24 months. The total interest charge will be (10,000 * 8% * 24/12) = Rs.1600/-. The EMI is calculated as (10,000/- + 1600/-)/24.
    23. Flexipay monthly installment schedule will begin from the SBICPSLholder next billing statement and continue over the Flexipay tenure. The Flexipay monthly installment (s) shall be included in the Minimum Amount Due (MAD) of the Statement of account in the duration of the Flexipay tenure.
    24. The MAD will be 5% of the SBICPSLholder 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)
    25. Non Payment of MAD will attract normal late payment fees and a standard credit charge of 3.35% p.m. on the unpaid Flexipay monthly installments.
    26. Under Payment of MAD will attract normal late payment fees and a standard credit charge of 3.35% p.m. on the unpaid Flexipay monthly installments
    27. In the event of non-payment / short payment of the Minimum Amount Due (MAD) for more than three successive months or 90 days whichever is earlier, the Flexipay shall be closed on 91st day and the principal outstanding along with the outstanding interest accrued till the date of such closure shall be debited to the Credit Card Account and appear in the subsequent monthly statement. SBICPSL shall be entitled to demand immediate repayment of such consolidated outstanding amounts. As a part of the Credit Card Account, this balance will now attract all the charges including finance charges at the credit card rate of interest, over-limit charges in the event account balance post transfer of loan outstanding if any exceeds the existing Credit Card limit as mentioned in the cardholders MITC.
    28. In the event, a cardholder puts a cancellation request, within 45 days of Flexipay facility getting booked then all fees charged will be reversed. In this scenario, the processing fee waiver provided on the Flexipay facility would not be applicable. For such cancellation scenarios, if the processing fee waiver is provided on the account, the same would be reversed within 60 days of offer closure i.e. by 20th Dec 2015.
    29. The SBICPSL cardholder can make request for cancellation of Flexipay by calling the SBICPSL helpline. On receipt of this request, the outstanding Flexipay principal amount is moved back to SBICPSL cardholders retail balance and a cancellation fee of 3% of Principal outstanding post 45 days shall be levied on the same. The outstanding principle amount is calculated basis reducing interest rate.
    30. At the time of cancellation of Flexipay, if the SBICPSL 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.
    31. Booking a Flexipay on phone will be deemed as acceptance of the terms and conditions of this program as set forth on www.sbicard.com and/or any other medium chosen by SBICPSL.
    32. Flexipay booking requests sent by mail or electronic mail will be considered valid only if received by SBICPSL within 30 days of transaction date/ before the Payment Due Date (whichever is earlier).
    33. No request for Flexipay will be entertained within 90 days of SBICPSLholder’s flipping/change of card request.
    34. Transfer from one Flexipay to another will not be entertained.
    35. 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.
    36. 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.
    37. Government service tax @ 14% and Swachh Bharat Cess @ 0.5% shall be levied on all fees, interest charges etc as applicable .
    38. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on sbicard.com.
    39. 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.
    40. Illustrative example of amortization schedule:

      Amortization schedule

      Sr. No. Billing Date Installment Interest Principal Balance Taxes#
      1 24-Oct-15 900.00 120.43 779.57 9220.43 17.46
      2 24-Nov-15 900.00 111.05 788.95 8431.48 16.10
      3 24-Dec-15 900.00 101.54 798.46 7633.02 14.72
      4 24-Jan-15 900.00 91.93 808.07 6824.95 13.33
      5 24-Feb-15 900.00 82.20 817.80 6007.15 11.92
      6 24-Mar-15 900.00 72.35 827.65 5179.50 10.49
      7 24-Apr-16 900.00 62.38 837.62 4341.87 9.04
      8 24-May-16 900.00 52.29 847.71 3494.17 7.58
      9 24-Jun-16 900.00 42.08 857.92 2636.25 6.10
      10 24-Jul-16 900.00 31.75 868.25 1768.00 4.60
      11 24-Aug-16 900.00 21.29 878.71 889.29 3.09
      12 24-Sep-16 900.00 10.71 889.29 0.00 1.55

      Principal 10000
      Installment 900
      R.O.I 8.00%
      Tenure 12

      #Taxes: Government Service Tax calculated @ 14% of interest component + Swachh Bharat Cess calculated @ 0.5% of interest component.
  • Flexipay festive offer - Book at low interest rate of 12% and enjoy 100% Processing fee waiver (valid b/w 20-Oct-2015 to 20-Dec-2015)

    1. This offer is on Flexipay facility and is open only to those SBI credit cardholders ("Cardholders") who have received the offer from SBICPSLs and Payment Services Pvt. Ltd ("SBICPSL") through an appropriate communication medium decided by SBICSPL.
    2. The Flexipay facility is not available to the delinquent and any other ineligible Cardholders determined as per the internal policy of SBICPSL. Accordingly, approval of Flexipay facility is at the sole and absolute discretion of SBICPSL.
    3. The Flexipay facility may be availed of by the Cardholders by way of telephone calls to the Helpline Number(s) - 39020202 / 1860 180 1290 (prefix local STD code) or 1800 180 1290 (toll free) and/or by way of online booking made via sbicard.com.
    4. This offer on Flexipay is valid only for bookings between 20th Oct 2015 and 20th Dec 2015 -both days inclusive (“Term”).
    5. Any booking under this offer will attract an interest rate of 12% flat p.a. (corresponding reducing rates for various tenures are mentioned in clause 12) on booking a single Flexipay for a minimum amount of Rs. 2,500 and above. Additionally a processing fee will be charged on the Flexipay amount at the interest rate of 2% subject to a minimum of Rs. 199 and a maximum of Rs. 1,000.
    6. As a part of the offer, cardholder would be eligible to get a 100% processing fee waiver for Flexipay bookings greater than or equal to Rs. 50,000 during the offer “Term” for all tenures .Special Diwali offer between 12th Nov and 21st Nov 2015 (both days inclusive) - Cardholder would be eligible to get a 100% processing fee waiver for Flexipay bookings greater than or equal to Rs. 25,000/- .
    7. Under this offer, the cardholder would be allowed to convert only Retail transactions of Rs. 2,500 and above into installments. Interest levied, Fees and Charges, GST and any other charges levied on the card cannot be converted into installments. Fuel and Jewelry transactions (in view of guidelines issued by the Reserve Bank of India) cannot be converted into Flexipay. Accordingly and in pursuant thereto, SBICPSL at its sole instance may decline Flexipay facility on such transaction categories.
    8. More than one retail transaction of Rs. 2,500 and above can be clubbed together to avail the offer. The SBI Credit cardholder can call up SBICPSL help line within 30 days of the purchase or before the payment due date (whichever is earlier) and ask for transfer of the said retail transaction amount to Flexipay.
    9. Eligible cardholders can call up the SBICPSL Helpline 39020202 / 1860 180 1290 (prefix local STD code) or 1800 180 1290 (toll free) within the offer Term and ask for transfer of retail transaction amount to Flexipay. The Cardholder can also avail the offer on our website – sbicard.com during the offer Term.
    10. This offer on Flexipay is valid from 20th Oct 2015 to 19th Dec 2015 (“Term”). Any bookings made after 19th Dec 2015 will attract an interest rate of 14.5% flat p.a. and a processing fee of 2% subject to a minimum of Rs. 199 and a maximum of Rs. 1,000 will be charged without any additional feature mentioned in clause nos. 5 and 6 above.
    11. The Flexipay facility from SBICPSL is available over different tenures of 6, 9, 12, 24 and 36 months, subject to the option exercised by the SBI Credit Cardholders. The tenure option of 36 months is only available for transaction amount greater than or equal to Rs. 30,000 and booking amount greater than or equal to Rs. 30,000.
    12. The reducing interest rate applicable for different tenures are as follows:
      Tenure (Months) Reducing interest rate (annualized)
      6 20.29%
      9 21.11%
      12 21.46%
      24 21.57%
      36 21.20%
    13. At any given month the portion of the monthly repayment amount applied towards interest is determined by multiplying the monthly 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 the reducing principal balance. Illustrative example of amortization scheduled given in clause No.40.
    14. For the purposes of booking Flexipay, the period of 30 days from the date of the retail transaction is the defined term (“Eligible Term”). If any transaction is converted to Flexipay after the Payment Due Date (“PDD”), interest charges of 3.35% p.m. 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.
    15. It is clarified that, if the said retail transaction is paid in full the same cannot be converted to Flexipay. If the transaction amount is partially paid and the unpaid amount is equal to or more than Rs. 2500, only the unpaid balance amount can be converted to Flexipay.
    16. In case the SBI Credit cardholders has made multiple retail purchase transactions, each one of them more than Rs. 2500, then the SBI Credit Cardholders can combine these transactions and move the consolidated purchase amount to the Flexipay Scheme.
    17. The Flexipay facility is applicable/available only on retail purchases (subject to minimum single booking of Rs. 2500 or more) made by either Primary or Add on SBI Credit Card. No request from Add on SBI Credit Cardholder will be entertained for transfer of retail purchases to Flexipay. The Processing Fee waiver offer is applicable only for Flexipay booking amount greater than or equal to Rs. 50,000.
    18. 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.
    19. 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% p.m. on his revolving balance till the time the transfer to Flexipay actually takes place within the Term defined hereinabove.
    20. Upon Flexipay approval, the SBI Credit Cardholder credit limit shall be blocked upto Flexipay Principal Amount + Processing Fee. The Credit limit gets adjusted as and when the Flexipay installment payments are made by the SBI credit cardholder.
    21. A SBI credit cardholder can take multiple Flexipay subject to the available credit limit on his SBI Credit Card account.
    22. Flexipay monthly installment is calculated as (Flexipay Principal Amount + Flexipay interest charge)/ Tenure. Example: Principle amount is Rs. 10,000, Interest rate is 12% p.a. and Tenure is 24 months. The total interest charge will be (10,000 * 12% * 24/12) = Rs. 2400. The EMI is calculated as (10,000/- + 2400/-)/24.
    23. Flexipay monthly installment schedule will begin from the SBICPSLholder next billing statement and continue over the Flexipay tenure. The Flexipay monthly installment (s) shall be included in the Minimum Amount Due (MAD) of the Statement of account in the duration of the Flexipay tenure.
    24. The MAD will be 5% of the SBICPSLholder 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).
    25. Non Payment of MAD will attract normal late payment fees and a standard credit charge of 3.35% p.m. on the unpaid Flexipay monthly installments.
    26. Under Payment of MAD will attract normal late payment fees and a standard credit charge of 3.35% p.m. on the unpaid Flexipay monthly installments
    27. In the event of non-payment / short payment of the Minimum Amount Due (MAD) for more than three successive months or 90 days whichever is earlier, the Flexipay shall be closed on 91st day and the principal outstanding along with the outstanding interest accrued till the date of such closure shall be debited to the Credit Card Account and appear in the subsequent monthly statement. SBICPSL shall be entitled to demand immediate repayment of such consolidated outstanding amounts. As a part of the Credit Card Account, this balance will now attract all the charges including finance charges at the credit card rate of interest, over-limit charges in the event account balance post transfer of loan outstanding if any exceeds the existing Credit Card limit as mentioned in the cardholders MITC.
    28. In the event, a cardholder puts a cancellation request, within 45 days of Flexipay facility getting booked then all fees charged will be reversed. In this scenario, the processing fee waiver provided on the Flexipay facility would not be applicable. For such cancellation scenarios, if the processing fee waiver is provided on the account, the same would be reversed within 60 days of offer closure i.e. by 19th Dec 2015.
    29. The SBICPSL cardholder can make request for cancellation of Flexipay by calling the SBICPSL helpline. On receipt of this request, the outstanding Flexipay principal amount is moved back to SBICPSL cardholders retail balance and a cancellation fee of 3% of Principal outstanding post 45 days shall be levied on the same. The outstanding principle amount is calculated basis reducing interest rate.
    30. At the time of cancellation of Flexipay, if the SBICPSL 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.
    31. Booking a Flexipay on phone will be deemed as acceptance of the terms and conditions of this program as set forth on sbicard.com and/or any other medium chosen by SBICPSL.
    32. Flexipay booking requests sent by mail or electronic mail will be considered valid only if received by SBICPSL within 30 days of transaction date/ before the Payment Due Date (whichever is earlier).
    33. No request for Flexipay will be entertained within 90 days of SBICPSL cardholder’s flipping/change of card request.
    34. Transfer from one Flexipay to another will not be entertained.
    35. 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.
    36. 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.
    37. Government service tax @ 14% and Swachh Bharat Cess @ 0.5% shall be levied on all fees, interest charges etc as applicable.
    38. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on sbicard.com.
    39. 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.
    40. Illustrative example of amortization schedule:

      Amortization schedule

      Sr. No. Billing Date Installment Interest Principal Balance Taxes#
      1 24-Oct-15 933.33 178.81 754.52 9245.48 25.93
      2 24-Nov-15 933.33 165.32 768.02 8477.46 23.97
      3 24-Dec-15 933.33 151.59 781.75 7695.71 21.98
      4 24-Jan-16 933.33 137.61 795.73 6899.99 19.95
      5 24-Feb-16 933.33 123.38 809.95 6090.03 17.89
      6 24-Mar-15 933.33 108.9 824.44 5265.59 15.79
      7 24-Apr-16 933.33 94.15 839.18 4426.42 13.65
      8 24-May-16 933.33 79.15 854.18 3572.23 11.48
      9 24-Jun-16 933.33 63.88 869.46 2702.77 9.26
      10 24-Jul-16 933.33 48.33 885.01 1817.77 7.01
      11 24-Aug-16 933.33 32.5 900.83 916.94 4.71
      12 24-Sep-16 933.33 16.4 916.94 0 2.38

      Principal 10000
      Installment 933.33
      R.O.I 12.00%
      Tenure 12

      #Taxes: Government Service Tax calculated @ 14% of interest component + Swachh Bharat Cess calculated @ 0.5% of interest component.
  • Easy Bill Pay – Rs. 100 cashback per Auto Pay registration

    Terms & Conditions

    • The program is for select customer base only, which has been communicated Offer directly through e-mails and/or SMS
    • The offer is valid only for new registrations on EasyBillPay (EBP) service at https://payments.billdesk.com/ubp/sbi/index.jsp
    • The offer is valid from 21st November 2014 to 20th December 2014
    • For every new EBP Autopay registration, the cardholder will be eligible for ₹ 100/- per AutoPay registration with the maximum cap of ₹ 300/-  per card per user. Only Autopay Bill registrations with “monthly” billing frequency are eligible for this offer
    • The cashback will be credited to the Cardholders account by 30th April 2015 subject to following conditions:
      • AutoPay bills registered between 21st November 2014 to 20th December 2014 are active on card
      • Minimum 2 Bill payments against each Autopay registration have been made through SBI Card before 15th March’15. The Bills paid should be of minimum ₹ 300/-
      • Registered Bills have monthly payment cycle
    • "AutoPay" is a service exclusively for SBI Credit Cardholders ("Cardholder"), to enable payment  of utility bills by  cardholders for utility companies listed in https://payments.billdesk.com/ubp/sbi/index.jsp . For the said service the customer agrees to pay a convenience charge; subject to revision/waiver promotions from time to time by SBI Card. The convenience charge will be upto 1.82% of the transaction amount for any transaction done for Cat 2 Billers and no convenience charge for any transactions done for Cat 1 Billers. The list of Cat 1 and cat 2 billers is as given on the website sbicard.com
    • The term "Utility Company" or "Biller"; shall mean a company, organization or entity that sends a Bill, statement or invoice, usually a request for payment for a product or service to the customer
    • AutoPay service is available for select billers in select cities 
    • The said services will be available to the credit card holders registered for this service and to the exclusion of all others
    • The Cardholder agrees that he/she would enter the Bill details correctly in the application website, if entered incorrectly it will not be the responsibility of SBI Card, and any further disputes are to be settled with the utility company directly by the card holder. It is specifically stipulated that all liability shall be on the cardholder in case of any incorrect entry and SBI card shall not be responsible whether directly, indirectly, incidentally or consequentially for any such acts of the cardholder
    • The cardholder shall take precaution to ensure that no double payment is made from his end for the same bill. SBI Card will not be liable for reversals in such cases and cardholder will need to liaise directly with Biller
    • SBI Card will not bear the responsibility of late payment made by the cardholder
    • The Cardholder should ensure that he/she receives a confirmation for the payment made by him/her through this facility. Any non-confirmation of the transaction, SBI card shall not be responsible and liable and accordingly no payments shall be made to the utility company
    • Payment to the registered Biller will be made only when we receive the bill from Biller. In case of failure in receiving the Bill from Biller, SBI card won’t be liable for non-payment
    • All disputes regarding the bill registration and payments should be raised within 6 months of the billing date, SBI Card will not bear any esponsibility for wrong payments or registrations after 6 months
    • Notwithstanding any other terms, it is stipulated that processing of all the payments is subject to the availability of free, clear and available limits in the cardholder's SBI Credit Card Account at the time of processing the transaction. In the event of credit limits not being available, cardholder will receive a payment failed report
    • In all situations where the cardholder services are discontinued/disrupted due to any acts of the utility company, governmental orders and any other related matter, SBI Card shall not be responsible and/or liable for the same and the cardholder shall be solely responsible and liable to settle such matters with its utility company and/or statutory authority
    • The cardholder indemnifies SBI Card from and against all actions, suits, claims, liabilities and proceedings due to or arising out of any or all disputes between the cardholder and Utility companies or by reason of SBI Card acting in good faith and bonafide belief
    • SBI Card will endeavor to effect payments / carry-out instructions received by it within Bill due date. However, SBI Card does not warrant that Payment / fulfillment of instructions will not be delayed for reasons beyond its control including any default on the part of the service provider. As the instructions would depend on various electronic technology used from time to time, there could be delays in receipt of any instructions by SBI Card from the cardholder and by the provider of Utilities / Services. For all such delays, the service provider of such services shall be responsible and liable being the owner and administrator of these services
    • This service is available only for individual primary cardholders and not corporate cardholders
    • It is clarified here that cardholder statement is adequate and conclusive proof that such payment was paid to utility company
    • SBI Card is not in any manner party to the contracts that may be executed between the cardholder and the providers of such Utilities / Services. The providers of Utilities / Services shall be solely responsible to the cardholder to render the Utilities / Services for which Payment is to be made by SBI Card and SBI Card shall not be responsible/liable for any deficiency in the same including, but not limited to, deficient quality, delivery, quantity etc., and shall not be made party to any disputes between the cardholder and any providers of Utilities / Services
    • The cardholder shall not hold SBI Card liable for any non-service, delayed service or faulty service rendered by the provider of Utilities / Services and shall not contact or communicate in any manner whatsoever, inter alia, by electronic mail, phone, post, SMS, or personal meeting with SBI Card in this regard
    • SBI Card will not accept any cancellation request by the cardholder if the payment transaction has been authorized on his card account and payment accepted by the Biller. Any disputes will have to be settled by the cardholder directly with the Biller
    • Nothing contained herein shall prejudice or affect the terms and conditions as mentioned in the Terms & Conditions booklet sent in the Credit Card welcome kit . The terms of this service shall be in addition to and not in derogation of the terms contained in the Terms & Conditions booklet
    • Nothing contained in the said services shall be construed as binding obligation on SBI Card or any participating utility company to continue the services after the services are terminated
    • SBI Card reserves the right to charge and recover from the Cardholder, fees for availing the service, which may be altered with prior intimation to the cardholder
    • SBI Card shall have the right to revoke and/or discontinue this service to certain cardholders if it has reason and/or reasonable apprehension to believe that such continuing of this service shall gravely prejudice the commercial situation of SBI Card. Such a determination by SBI Card shall be at its sole and absolute discretion with reference to its cardholders
    • All disputes and differences arising out and in connection with this service shall be subject to arbitration under the Arbitration and Conciliation Act, 1996 with any amendments thereof. The arbitration shall be conducted by a sole arbitrator appointed by SBICPSL. The place of arbitration shall be New Delhi and language of arbitration shall be English. The award passed by the arbitrator shall be final and binding on parties. Existence of a dispute/difference shall not constitute a claim against SBICPSL. Notwithstanding the foregoing the courts in New Delhi shall have the exclusive jurisdiction to decide any matters related and connected to the instant terms
    • The said services will be effective subject to SBI Card Credit Card being valid and in good standing
    • SBI Card may at its sole discretion accept of decline the said services by the utility company
    • SBI Card may change from time to time the utility companies for which said services are extended
    • The record of charges in respect of the said services received or availed by cardholder and submitted by utility companies to cardholder’s Card Account will neither bear Cardholder  signature nor the imprint of Credit Card. Cardholder therefore undertake to unconditionally honor and pay without demur protest and contest all the said charges including interim charges booked by cardholder under the said services, as and when cardholder is billed for the same by SBI Card during the validity period of his Card and subsequent renewals thereof
    • SBI Card reserves the right to revoke / stop this facility if the credit behavior on the card is unsatisfactory
    • This facility is available only for utility bills pertaining to residential uses, No commercial utility bills will be paid under this scheme
    • No receipt will be given for bills paid through this facility. Cardholder statement is adequate proof that such payment was paid to utility company
    • SBI Card neither endorses the Utilities / Services offered, nor is it in any manner party to the contracts that may be executed between the cardholder and the providers of such Utilities / Services
    • The cardholder is liable to honour all his/her credit card commitments irrespective of any grievances/complaints that cardholder may have with utility companies
    • Cardholder will continue making payments towards  any utility bill outstanding until he/she receives an SMS/E-mail/letter confirmation from SBI Card indicating that his/her EasyBillPay facility has been activated along with effective date of activation
    • Cardholder agrees to communicate termination of facility to SBI Card in writing failing which the payment made to the utility company will be construed as valid and binding on him/her
    • Cardholder agrees to resolve disputes (if any) of whatsoever nature directly with the utility company and will not hold SBI Card liable for any deficiency of services provided by the utility company
    • It will be the responsibility of the cardholder to inform SBI Card in writing of any change or withdrawal of the EasyBillPay facility thus availed
    • Any disputes arising out of disconnection of the utility facility, penalty from government and late charges on installment dues arising due to change / revocation of the facility will be the sole responsibility of the cardholder and the cardholder will not hold SBI Card responsible/liable for the same 
  • Easy Bill Pay – 500 Reward points per Auto Pay registration

    Terms & Conditions

    • The program is for select customer base only, which has been communicated Offer directly through e-mails and/or SMS
    • The offer is valid only for new registrations on EasyBillPay (EBP) service at https://payments.billdesk.com/ubp/sbi/index.jsp
    • The offer is valid from 21st November 2014 to 20th December 2014
    • For every new EBP Autopay registration, the cardholder will be eligible for 500 reward points per AutoPay registration with the maximum cap of 5000 reward points per card per user. Only AutoPay Bill registrations with “monthly” billing frequency are eligible for this offer
    • The reward points will be credited to the Cardholders account by 30th April 2015 subject to following conditions:
      • AutoPay bills registered between 21st November 2014 to 20th December 2014 are active on card
      • Minimum 2 Bill payments against each Autopay registration have been made through SBI Card before 15th March 2015
      • Registered Bills have monthly payment cycle
    • "AutoPay" is a service exclusively for SBI Credit Cardholders ("Cardholder"), to enable payment  of utility bills by  cardholders for utility companies listed in https://payments.billdesk.com/ubp/sbi/index.jsp . For the said service the customer agrees to pay a convenience charge; subject to revision/waiver promotions from time to time by SBI Card. The convenience charge will be upto 1.82% of the transaction amount for any transaction done for Cat 2 Billers and no convenience charge for any transactions done for Cat 1 Billers. The list of Cat 1 and cat 2 billers is as given on the website sbicard.com
    • The term "Utility Company" or "Biller"; shall mean a company, organization or entity that sends a Bill, statement or invoice, usually a request for payment for a product or service to the customer
    • AutoPay service is available for select billers in select cities
    • The said services will be available to the credit card holders registered for this service and to the exclusion of all others
    • The Cardholder agrees that he/she would enter the Bill details correctly in the application website, if entered incorrectly it will not be the responsibility of SBI Card, and any further disputes are to be settled with the utility company directly by the card holder. It is specifically stipulated that all liability shall be on the cardholder in case of any incorrect entry and SBI card shall not be responsible whether directly, indirectly, incidentally or consequentially for any such acts of the cardholder
    • The cardholder shall take precaution to ensure that no double payment is made from his end for the same bill. SBI Card will not be liable for reversals in such cases and cardholder will need to liaise directly with Biller
    • SBI Card will not bear the responsibility of late payment made by the cardholder
    • The Cardholder should ensure that he/she receives a confirmation for the payment made by him/her through this facility. Any non-confirmation of the transaction, SBI card shall not be responsible and liable and accordingly no payments shall be made to the utility company
    • Payment to the registered Biller will be made only when we receive the bill from Biller. In case of failure in receiving the Bill from Biller, SBI card won’t be liable for non-payment
    • All disputes regarding the bill registration and payments should be raised within 6 months of the billing date, SBI Card will not bear any responsibility for wrong payments or registrations after 6 months
    • Notwithstanding any other terms, it is stipulated that processing of all the payments is subject to the availability of free, clear and available limits in the cardholder's SBI Credit Card Account at the time of processing the transaction. In the event of credit limits not being available, cardholder will receive a payment failed report
    • In all situations where the cardholder services are discontinued/disrupted due to any acts of the utility company, governmental orders and any other related matter, SBI Card shall not be responsible and/or liable for the same and the cardholder shall be solely responsible and liable to settle such matters with its utility company and/or statutory authority
    • The cardholder indemnifies SBI Card from and against all actions, suits, claims, liabilities and proceedings due to or arising out of any or all disputes between the cardholder and Utility companies or by reason of SBI Card acting in good faith and bonafide belief
    • SBI Card will endeavor to effect payments / carry-out instructions received by it within Bill due date. However, SBI Card does not warrant that Payment / fulfillment of instructions will not be delayed for reasons beyond its control including any default on the part of the service provider. As the instructions would depend on various electronic technology used from time to time, there could be delays in receipt of any instructions by SBI Card from the cardholder and by the provider of Utilities / Services. For all such delays, the service provider of such services shall be responsible and liable being the owner and administrator of these services
    • This service is available only for individual primary cardholders and not corporate cardholders
    • It is clarified here that cardholder statement is adequate and conclusive proof that such payment was paid to utility company
    • SBI Card is not in any manner party to the contracts that may be executed between the cardholder and the providers of such Utilities / Services. The providers of Utilities / Services shall be solely responsible to the cardholder to render the Utilities / Services for which Payment is to be made by SBI Card and SBI Card shall not be responsible/liable for any deficiency in the same including, but not limited to, deficient quality, delivery, quantity etc., and shall not be made party to any disputes between the cardholder and any providers of Utilities / Services
    • The cardholder shall not hold SBI Card liable for any non-service, delayed service or faulty service rendered by the provider of Utilities / Services and shall not contact or communicate in any manner whatsoever, inter alia, by electronic mail, phone, post, SMS, or personal meeting with SBI Card in this regard
    • SBI Card will not accept any cancellation request by the cardholder if the payment transaction has been authorized on his card account and payment accepted by the Biller. Any disputes will have to be settled by the cardholder directly with the Biller
    • Nothing contained herein shall prejudice or affect the terms and conditions as mentioned in the Terms & Conditions booklet sent in the Credit Card welcome kit . The terms of this service shall be in addition to and not in derogation of the terms contained in the Terms & Conditions booklet
    • Nothing contained in the said services shall be construed as binding obligation on SBI Card or any participating utility company to continue the services after the services are terminated
    • SBI Card reserves the right to charge and recover from the Cardholder, fees for availing the service, which may be altered with prior intimation to the cardholder
    • SBI Card shall have the right to revoke and/or discontinue this service to certain cardholders if it has reason and/or reasonable apprehension to believe that such continuing of this service shall gravely prejudice the commercial situation of SBI Card. Such a determination by SBI Card shall be at its sole and absolute discretion with reference to its cardholders
    • All disputes and differences arising out and in connection with this service shall be subject to arbitration under the Arbitration and Conciliation Act, 1996 with any amendments thereof. The arbitration shall be conducted by a sole arbitrator appointed by SBICPSL. The place of arbitration shall be New Delhi and language of arbitration shall be English. The award passed by the arbitrator shall be final and binding on parties. Existence of a dispute/difference shall not constitute a claim against SBICPSL. Notwithstanding the foregoing the courts in New Delhi shall have the exclusive jurisdiction to decide any matters related and connected to the instant terms
    • The said services will be effective subject to SBI Card Credit Card being valid and in good standing
    • SBI Card may at its sole discretion accept of decline the said services by the utility company
    • SBI Card may change from time to time the utility companies for which said services are extended
    • The record of charges in respect of the said services received or availed by cardholder and submitted by utility companies to cardholder’s Card Account will neither bear Cardholder  signature nor the imprint of Credit Card. Cardholder therefore undertake to unconditionally honor and pay without demur protest and contest all the said charges including interim charges booked by cardholder under the said services, as and when cardholder is billed for the same by SBI Card during the validity period of his Card and subsequent renewals thereof
    • SBI Card reserves the right to revoke / stop this facility if the credit behavior on the card is unsatisfactory
    • This facility is available only for utility bills pertaining to residential uses, No commercial utility bills will be paid under this scheme
    • No receipt will be given for bills paid through this facility. Cardholder statement is adequate proof that such payment was paid to utility company
    • SBI Card neither endorses the Utilities / Services offered, nor is it in any manner party to the contracts that may be executed between the cardholder and the providers of such Utilities / Services
    • The cardholder is liable to honour all his/her credit card commitments irrespective of any grievances/complaints that cardholder may have with utility companies
    • Cardholder will continue making payments towards  any utility bill outstanding until he/she receives an SMS/E-mail/letter confirmation from SBI Card indicating that his/her EasyBillPay facility has been activated along with effective date of activation
    • Cardholder agrees to communicate termination of facility to SBI Card in writing failing which the payment made to the utility company will be construed as valid and binding on him/her
    • Cardholder agrees to resolve disputes (if any) of whatsoever nature directly with the utility company and will not hold SBI Card liable for any deficiency of services provided by the utility company
    • It will be the responsibility of the cardholder to inform SBI Card in writing of any change or withdrawal of the EasyBillPay facility thus availed
    • Any disputes arising out of disconnection of the utility facility, penalty from government and late charges on installment dues arising due to change / revocation of the facility will be the sole responsibility of the cardholder and the cardholder will not hold SBI Card responsible/liable for the same
  • Activation Offer E-Voucher Terms & Conditions

    Terms & Conditions

    Activation Offer E-Voucher terms and conditions – Pepperfry

    1. This marketing program (“Program”) is from SBI Card & Payment Services Private Ltd. (“SBICPSL”) under an arrangement with Pepperfry are open to all residents of India holding a valid ,current and unblocked SBI Credit Card (“Cardholder”) and to whom a communication is communicated through an appropriate medium chosen at the sole option and discretion of SBICPSL.
    2. This offer shall be valid till 31st March 2016 (‘Term’) unless extended by the parties in mutual consent in writing.
    3. This Offer is made available to the Customer/s selected at the discretion of SBICPSL.
    4. The cardholder needs to spend within the offer period (’Term’) in accordance with the instructions/specifications provided in the communication sent by SBICPSL.
    5. Returned purchases, disputed or unauthorized/fraudulent transactions, EMI’s and fees/charges will not be considered for this offer.
    6. Eligible cardholders will be entitled to an e-voucher (“E-Voucher”) subject to the terms and conditions as contained herein. These terms are jointly set forth by Pepperfry and SBICPSL.
    7. Under this program,, SBI Cardholders get a flat Rs. 300 discount on a minimum purchase of Rs. 1,200 & above from Pepperfry on the total purchase value on the first transaction made on Pepperfry by the customer on the Website www.pepperfry.com(“Website”) ”Offer”/”Programme”). The Cardholder need to enter the Coupon code: SBI300 SBICPSL except the items listed on Pepperfry’s deal properties.
    8. Offer is applicable on select products and brands
    9. This program is applicable on the products under "Furniture", "Home Décor", “Furnishings”, “Lamps & Lightings” categories.
    10. SBI Cardholders who have qualified to receive the E-Vouchers under the Promotion can redeem online at http://www.pepperfry.com/sbi.html , using the coupon code “SBI300” .All SBI Cardholders must therefore visit the Pepperfry Website and use their SBI Card while making the payment.
    11. SBI Cardholders should contact Pepperfry directly in case of any difficulty or queries in relation to the use of the Pepperfry Website and/or redemption of the E-Vouchers.
    12. E-Vouchers can only be redeemed/ used within the validity period i.e. until 31st December 2015 as notified to the SBI Cardholder via the email/SMS.
    13. Usage of E-Vouchers shall be subject to terms and conditions that may be imposed by Pepperfry (as modified by Pepperfry from time to time) and it is the sole responsibility of the SBI Cardholder to check and comply with these terms and conditions.
    14. SBI Cardholders should check with Pepperfry directly in case of any queries in relation to availability goods & services being purchased using their E-Vouchers.
    15. SBICPSL shall have no responsibility and liability towards availability, quality, standards and delivery of the goods purchased on www.Pepperfry.com against the e-voucher.
    16. Every SBI Cardholder who takes part in the Promotion is bound by the terms and conditions stated in this Pepperfry Voucher Offer General Terms and Conditions of Promotion.
    17. Under no circumstance will the offer/discount being offered under this Program be settled with cash in lieu by SBICPSL or by the Vendor.

    Activation Offer E-Voucher terms and conditions – Jabong

    1. This marketing program (“Program”) is from SBI Card & Payment Services Private Ltd. (“SBICPSL”) under an arrangement with Jabong are open to all residents of India holding a valid and current SBI Credit Card (“Cardholder”) and to whom a communication is communicated through an appropriate medium chosen at the sole option and discretion of SBICPSL.
    2. This offer shall be valid till 31st March 2016 (‘Term’) unless extended by the parties in mutual consent in writing.
    3. This Offer is made available to the Customer/s selected at the discretion of SBICPSL Card.
    4. The cardholder needs to spend within the offer period (’Term’) in accordance with the instructions/specifications provided in the communication sent by SBICPSL.
    5. Returned purchases, disputed or unauthorized/fraudulent transactions, EMI’s and fees/charges will not be considered for this offer.
    6. Eligible cardholders will be entitled to an e-voucher (“E-Voucher”) subject to the terms and conditions as contained herein. These terms are jointly set forth by Jabong and SBICPSL.
    7. Under this program,, SBI Cardholders get a 30% discount on a minimum purchase of Rs.999 & above from Jabong on the total purchase value on the first transaction made on Jabong by the customer on the Website Jabong(“Website”) ”Offer”/”Programme”). The Cardholder need to enter the Coupon code: SBIJAB300 . Maximum amount of discount is capped at 35% of the amount of transaction per transaction on SBI Credit Card including all the add-on cards.
    8. Offer is applicable on select products and brands.
    9. SBI Cardholders who have qualified to receive the E-Vouchers under the Promotion can redeem online at www.jabong.com/sbi, using the coupon code “SBIJAB300” .All SBI Cardholders must therefore visit the Jabong Website and use their SBI Card while making the payment.
    10. SBI Cardholders should contact Jabong directly in case of any difficulty or queries in relation to the use of the Jabong Website and/or redemption of the E-Vouchers.
    11. E-Vouchers can only be redeemed/ used within the validity period i.e until 31st March 2016 as notified to the SBI Cardholder via the email/SMS.
    12. Usage of E-Vouchers shall be subject to terms and conditions that may be imposed by Jabong (as modified by Jabong from time to time) and it is the sole responsibility of the SBI Cardholder to check and comply with these terms and conditions.
    13. SBI Cardholders should check with Jabong directly in case of any queries in relation to availability goods & services being purchased using their E-Vouchers.
    14. SBICPSL shall have no responsibility and liability towards availability, quality, standards and delivery of the goods purchased on www.Jabong.com against the e-voucher.
    15. Every SBI Cardholder who takes part in the Promotion is bound by the terms and conditions stated in this Jabong Voucher Offer General Terms and Conditions of Promotion.
    16. Under no circumstance will the offer/discount being offered under this Program be settled with cash in lieu by SBICPSL or by the Vendor.

    Activation Offer E-Voucher terms and conditions – Lenskart

    1. This marketing program (“Program”) is from SBI Card & Payment Services Private Ltd. (“SBICPSL”) under an arrangement with Lenskart are open to all residents of India holding a valid, current and unblocked SBI Credit Card (“Cardholder”) and to whom a communication is communicated through an appropriate medium chosen at the sole option and discretion of SBICPSL.
    2. offer shall be valid till 31st March 2016(‘Term’) unless extended by the parties in mutual consent in writing.
    3. This Offer is made available to the Customer/s selected at the discretion of SBICPSL. Card.
    4. The cardholder needs to spend within the offer period (’Term’) in accordance with the instructions/specifications provided in the communication sent by SBICPSL.
    5. Returned purchases, disputed or unauthorized/fraudulent transactions, EMI’s and fees/charges will not be considered for this offer.
    6. Eligible cardholders will be entitled to an e-voucher (“E-Voucher”) subject to the terms and conditions as contained herein. These terms are jointly set forth by Lenskart and SBICPSL.
    7. Under this program,, SBI Cardholders get a 35% discount on a minimum purchase of Rs. 1500 & above on Eyeglasses from Lenskart on the total purchase value on the first transaction made on Lenskart by the customer on the Website Lenskart(“Website”) ”Offer”/”Programme”). The Cardholder need to enter the Coupon code: SBILK525 SBICPSL except the items listed on Lenskart’s deal properties.
    8. Offer is applicable on select products and brands.
    9. The offer is not valid on the following brands: John Jacobs, Ray-Ban, Oakley, Vogue, Fastrack, FCUK, Carrera, Boss Orange, Marc By Marc Jacobs, Polaroid, Vintage, Tommy Hilfiger, IDEE, Gunnar, Chhota Bheem, Tag Heuer, Killer, Lee Cooper, iConnect, Cooper Vision, Lens Solution, emporio-armani, oxydo, calvin-klein, parim Arnette, MAUI JIM, timberland, mexican, panache .
    10. SBI Cardholders who have qualified to receive the E-Vouchers under the Promotion can redeem online at www.lenskart.com/sbi , using the coupon code “SBILK525” .All SBI Cardholders must therefore visit the Lenskart Website and use their SBI Card while making the payment.
    11. SBI Cardholders should contact Lenskart directly in case of any difficulty or queries in relation to the use of the Lenskart Website and/or redemption of the E-Vouchers.
    12. E-Vouchers can only be redeemed/ used within the validity period i.e until 31st March 2016as notified to the SBI Cardholder via the email/SMS.
    13. Usage of E-Vouchers shall be subject to terms and conditions that may be imposed by Lenskart (as modified by Lenskart from time to time) and it is the sole responsibility of the SBI Cardholder to check and comply with these terms and conditions.
    14. SBI Cardholders should check with Lenskart directly in case of any queries in relation to availability goods & services being purchased using their E-Vouchers.
    15. SBICPSL shall have no responsibility and liability towards availability, quality, standards and delivery of the goods purchased on www.Lenskart.com against the e-voucher.
    16. Every SBI Cardholder who takes part in the Promotion is bound by the terms and conditions stated in this Lenskart Voucher Offer General Terms and Conditions of Promotion.
    17. Under no circumstance will the offer/discount being offered under this Program be settled with cash in lieu by SBICPSL or by the Vendor.

    Activation Offer E-Voucher terms and conditions – Agoda

    1. This marketing program (“Program”) is from SBI Card & Payment Services Private Ltd. (“SBICPSL”) under an arrangement with Agoda.com are open to all residents of India holding a valid, Current and unblocked SBI Credit Card (“Cardholder”) and to whom a communication is communicated through an appropriate medium chosen at the sole option and discretion of SBICPSL.
    2. This offer shall be valid till 31st March 2016(‘Term’) unless extended by the parties in mutual consent in writing.
    3. This Offer is made available to the Customer/s selected at the discretion of SBICPSL. Card.
    4. The cardholder needs to spend within the offer period (’Term’) in accordance with the instructions/specifications provided in the communication sent by SBICPSL.
    5. Returned purchases, disputed or unauthorized/fraudulent transactions, EMI’s and fees/charges will not be considered for this offer.
    6. Eligible cardholders will be entitled to an e-voucher (“E-Voucher”) subject to the terms and conditions as contained herein. These terms are jointly set forth by Agoda.com and SBICPSL.
    7. Under this program,, SBI Cardholders get 10% off on worldwide hotel bookings on using their SBI Card on the Website Agoda.com (“Website”) ”Offer”/”Programme”). The Cardholder need to enter the unique Coupon code sent to them through SMS and email.
    8. Offer is applicable on select products and brands
    9. SBI Cardholders who have qualified to receive the E-Vouchers under the Promotion can redeem online at www.agoda.com, using the coupon code communicated to them through SMS and Email. All SBI Cardholders must therefore visit the Agoda Website and use their SBI Card while making the payment.
    10. SBI Cardholders should contact Agoda directly in case of any difficulty or queries in relation to the use of the Agoda Website and/or redemption of the E-Vouchers.
    11. E-Vouchers can only be redeemed/used within the validity period i.e until 31st March 2016as notified to the SBI Cardholder via the email/SMS.
    12. Usage of E-Vouchers shall be subject to terms and conditions that may be imposed by Agoda (as modified by Agoda from time to time) and it is the sole responsibility of the SBI Cardholder to check and comply with these terms and conditions.
    13. SBI Cardholders should check with Agoda directly in case of any queries in relation to availability goods & services being purchased using their E-Vouchers.
    14. SBICPSL shall have no responsibility and liability towards availability, quality, standards and delivery of the goods purchased on www.Agoda.com against the e-voucher.
    15. Every SBI Cardholder who takes part in the Promotion is bound by the terms and conditions stated in this Agoda Voucher Offer General Terms and Conditions of Promotion.
    16. Under no circumstance will the offer/discount being offered under this Program be settled with cash in lieu by SBICPSL or by the Vendor.

    Activation Offer E-Voucher terms and conditions – Shopclues

    1. This marketing program (“Program”) is from SBI Card & Payment Services Private Ltd. (“SBICPSL”) under an arrangement with Shopclues are open to all residents of India holding a valid, Current and unblocked SBI Credit Card (“Cardholder”) and to whom a communication is communicated through an appropriate medium chosen at the sole option and discretion of SBICPSL.
    2. This offer shall be valid till 31st March 2016(‘Term’) unless extended by the parties in mutual consent in writing.
    3. This Offer is made available to the Customer/s selected at the discretion of SBICPSL. Card.
    4. The cardholder needs to spend within the offer period (’Term’) in accordance with the instructions/specifications provided in the communication sent by SBICPSL.
    5. Returned purchases, disputed or unauthorized/fraudulent transactions, EMI’s and fees/charges will not be considered for this offer.
    6. Eligible cardholders will be entitled to an e-voucher (“E-Voucher”) subject to the terms and conditions as contained herein. These terms are jointly set forth by Shopclues and SBICPSL.
    7. Under this program, SBI Cardholders get a flat Rs. 250 off on a minimum purchase of Rs. 1250 from Shopclues on the total purchase value on the first transaction made on Shopclues by the customer on the Website Shopclues (“Website”) ”Offer”/”Programme”). The Cardholder need to enter the Coupon code: SBISC250 SBICPSL except the items listed on Shopclues deal properties.
    8. Offer is applicable on select products and brands. The offer is valid on Categories-“Fashion”,” Footwear”, ”Jewelry &Watches” ,”Home &Kitchen” ,”Beauty &Perfumes” ,”Sports & Outdoors” ,”Toys &Baby care ”,”Books& Stationery”, ”Automotive ”,”Gifts & Flowers ”,”Everything else”.
    9. The offer is not valid on Categories-“Mobile&Tablets”,”Computer”,”Electronics”,”Home-appliances”.
    10. SBI Cardholders who have qualified to receive the E-Vouchers under the Promotion can redeem online at www.Shopclues.com, using the coupon code “SBISC250” on a minimum purchase of Rs.1250.All SBI Cardholders must therefore visit the Shopclues Website and use their SBI Card while making the payment.
    11. SBI Cardholders should contact Shopclues directly in case of any difficulty or queries in relation to the use of the Shopclues Website and/or redemption of the E-Vouchers.
    12. E-Vouchers can only be redeemed/used within the validity period i.e until 31st March 2016as notified to the SBI Cardholder via the email/SMS.
    13. Usage of E-Vouchers shall be subject to terms and conditions that may be imposed by Shopclues (as modified by Shopclues from time to time) and it is the sole responsibility of the SBI Cardholder to check and comply with these terms and conditions.
    14. SBI Cardholders should check with Shopclues directly in case of any queries in relation to availability goods & services being purchased using their E-Vouchers.
    15. SBICPSL shall have no responsibility and liability towards availability, quality, standards and delivery of the goods purchased on www.Shopclues.com against the e-voucher.
    16. Every SBI Cardholder who takes part in the Promotion is bound by the terms and conditions stated in this Shopclues Voucher Offer General Terms and Conditions of Promotion.
    17. Under no circumstance will the offer/discount being offered under this Program be settled with cash in lieu by SBICPSL or by the Vendor.

    Activation Offer E-Voucher terms and conditions – Ebay

    1. This marketing program (“Program”) is from SBI Card & Payment Services Private Ltd. (“SBICPSL”) under an arrangement with Ebay are open to all residents of India holding a valid, Current and unblocked SBI Credit Card (“Cardholder”) and to whom a communication is communicated through an appropriate medium chosen at the sole option and discretion of SBICPSL.
    2. This offer shall be valid till 31st March 2016(‘Term’) unless extended by the parties in mutual consent in writing.
    3. This Offer is made available to the Customer/s selected at the discretion of SBICPSL. Card.
    4. The cardholder needs to spend within the offer period (’Term’) in accordance with the instructions/specifications provided in the communication sent by SBICPSL.
    5. Returned purchases, disputed or unauthorized/fraudulent transactions, EMI’s and fees/charges will not be considered for this offer.
    6. Eligible cardholders will be entitled to an e-voucher (“E-Voucher”) subject to the terms and conditions as contained herein. These terms are jointly set forth by Ebay and SBICPSL.
    7. Under this program, SBI Credit Cardholders to get a flat Rs. 100 off on a minimum purchase of Rs. 300 from eBay made on eBay by the customer on the Website www.ebay.in (“Website”) on the customer’s first eBay transaction. The Cardholder need to enter the unique Coupon code distributed by SBI Cards.The program is not valid on items listed on eBay deal/Handpicked properties.
    8. Offer is valid on certain Brands/Products.
    9. SBI Cardholders who have qualified to receive the E-Vouchers under the Promotion can redeem online at www.ebay.in/sbi , using the coupon code on a minimum purchase of Rs.300.All SBI Cardholders must therefore visit the Ebay Website and use their SBI Card while making the payment.
    10. SBI Cardholders should contact Ebay directly in case of any difficulty or queries in relation to the use of the Ebay Website and/or redemption of the E-Vouchers.
    11. E-Vouchers can only be redeemed/ used within the validity period i.e. until 31st March 2016as notified to the SBI Cardholder via the email/SMS.
    12. Usage of E-Vouchers shall be subject to terms and conditions that may be imposed by Ebay (as modified by Ebay from time to time) and it is the sole responsibility of the SBI Cardholder to check and comply with these terms and conditions.
    13. SBI Cardholders should check with Ebay directly in case of any queries in relation to availability goods & services being purchased using their E-Vouchers.
    14. SBICPSL shall have no responsibility and liability towards availability, quality, standards and delivery of the goods purchased on www.ebay.in against the e-voucher.
    15. Every SBI Cardholder who takes part in the Promotion is bound by the terms and conditions stated in this Ebay Voucher Offer General Terms and Conditions of Promotion.
    16. Under no circumstance will the offer/discount being offered under this Program be settled with cash in lieu by SBICPSL or by the Vendor.

    Activation Offer E-Voucher terms and conditions – Homeshop18

    1. This marketing program (“Program”) is from SBI Card & Payment Services Private Ltd. (“SBICPSL”) under an arrangement with Homeshop18 are open to all residents of India holding a valid, Current and unblocked SBI Credit Card (“Cardholder”) and to whom a communication is communicated through an appropriate medium chosen at the sole option and discretion of SBICPSL.
    2. This offer shall be valid till 31st March 2016(‘Term’) unless extended by the parties in mutual consent in writing.
    3. This Offer is made available to the Customer/s selected at the discretion of SBICPSL. Card.
    4. The cardholder needs to spend within the offer period (’Term’) in accordance with the instructions/specifications provided in the communication sent by SBICPSL.
    5. Returned purchases, disputed or unauthorized/fraudulent transactions, EMI’s and fees/charges will not be considered for this offer.
    6. Eligible cardholders will be entitled to an e-voucher (“E-Voucher”) subject to the terms and conditions as contained herein. These terms are jointly set forth by Homeshop18 and SBICPSL.
    7. Under this program, SBI Cardholders get 10% off on a minimum purchase of Rs. 1000 &above from HS18 on the total purchase value on the first transaction made on HS18 by the customer on the Website www.homeshop18.com (“Website”)”Offer”/”Programme”). The Cardholder need to enter the Coupon code: SBIHS18 SBICPSL except the items listed on HS18 deal properties.
    8. Offer is valid on certain Brands/Products.
    9. The offer is not valid on categories mobiles & electronic products
    10. Maximum discount is capped at Rs. 500 per transaction on SBI Credit Card including all the add-on cards.
    11. SBI Cardholders who have qualified to receive the E-Vouchers under the Promotion can redeem online at www.homeshop18.com, using the coupon code “SBIHS18”.All SBI Cardholders must therefore visit the Homeshop18 Website and use their SBI Card while making the payment.
    12. SBI Cardholders should contact Homeshop18 directly in case of any difficulty or queries in relation to the use of the Homeshop18 Website and/or redemption of the E-Vouchers.
    13. E-Vouchers can only be redeemed/ used within the validity period i.e. until 31st March 2016as notified to the SBI Cardholder via the email/SMS.
    14. Usage of E-Vouchers shall be subject to terms and conditions that may be imposed by Homeshop18 (as modified by Homeshop18 from time to time) and it is the sole responsibility of the SBI Cardholder to check and comply with these terms and conditions.
    15. SBI Cardholders should check with Homeshop18 directly in case of any queries in relation to availability goods & services being purchased using their E-Vouchers.
    16. SBICPSL shall have no responsibility and liability towards availability, quality, standards and delivery of the goods purchased on www.Homeshop18.com against the e-voucher.
    17. Every SBI Cardholder who takes part in the Promotion is bound by the terms and conditions stated in this Homeshop18 Voucher Offer General Terms and Conditions of Promotion.
    18. Under no circumstance will the offer/discount being offered under this Program be settled with cash in lieu by SBICPSL or by the Vendor.

    Activation Offer E-Voucher terms and conditions – Myntra

    1. This marketing program (“Program”) is from SBI Card & Payment Services Private Ltd. (“SBICPSL”) under an arrangement with Myntra are open to all residents of India holding a valid, Current and unblocked SBI Credit Card (“Cardholder”) and to whom a communication is communicated through an appropriate medium chosen at the sole option and discretion of SBICPSL.
    2. This offer shall be valid till 31st March 2016 (‘Term’) unless extended by the parties in mutual consent in writing.
    3. This Offer is made available to the Customer/s selected at the discretion of SBICPSL. Card.
    4. The cardholder needs to spend within the offer period (’Term’) in accordance with the instructions/specifications provided in the communication sent by SBICPSL.
    5. Returned purchases, disputed or unauthorized/fraudulent transactions, EMI’s and fees/charges will not be considered for this offer.
    6. Eligible cardholders will be entitled to an e-voucher (“E-Voucher”) subject to the terms and conditions as contained herein. These terms are jointly set forth by Myntra and SBICPSL.
    7. Under this program, SBI Cardholders get 28% off on a minimum purchase of Rs. 1499 &above from Myntra on the total purchase value on the first transaction made on Myntra by the customer on the Website http://bit.ly/1CoXo5g (“Website”)”Offer”/”Programme”). The Cardholder need to enter the Coupon code: MYSBI28 SBICPSL except the items listed on Myntra deal properties.
    8. Offer is valid on the Myntra Mobile App.
    9. Offer is valid on certain Brands/Products.
    10. SBI Cardholders who have qualified to receive the E-Vouchers under the Promotion can redeem online at http://bit.ly/1CoXo5g , using the coupon code MYSBI28”.All SBI Cardholders must therefore visit the Myntra Website and use their SBI Card while making the payment.
    11. SBI Cardholders should contact Myntra directly in case of any difficulty or queries in relation to the use of the Myntra Website and/or redemption of the E-Vouchers.
    12. E-Vouchers can only be redeemed/ used within the validity period i.e. until 31st March 2016 as notified to the SBI Cardholder via the email/SMS.
    13. Usage of E-Vouchers shall be subject to terms and conditions that may be imposed by Myntra (as modified by Myntra from time to time) and it is the sole responsibility of the SBI Cardholder to check and comply with these terms and conditions.
    14. SBI Cardholders should check with Myntra directly in case of any queries in relation to availability goods & services being purchased using their E-Vouchers.
    15. SBICPSL shall have no responsibility and liability towards availability, quality, standards and delivery of the goods purchased on www.Myntra.com against the e-voucher.
    16. Every SBI Cardholder who takes part in the Promotion is bound by the terms and conditions stated in this Myntra Voucher Offer General Terms and Conditions of Promotion.
    17. Under no circumstance will the offer/discount being offered under this Program be settled with cash in lieu by SBICPSL or by the Vendor.

    Activation Offer E-Voucher terms and conditions – Cleartrip

    1. This marketing program (“Program”) is from SBI Card & Payment Services Private Ltd. (“SBICPSL”) under an arrangement with Cleartrip are open to all residents of India holding a valid, Current and unblocked SBI Credit Card (“Cardholder”) and to whom a communication is communicated through an appropriate medium chosen at the sole option and discretion of SBICPSL.
    2. This offer shall be valid till 31st March 2016 (‘Term’) unless extended by the parties in mutual consent in writing.
    3. This Offer is made available to the Customer/s selected at the discretion of SBICPSL. Card.
    4. The cardholder needs to spend within the offer period (’Term’) in accordance with the instructions/specifications provided in the communication sent by SBICPSL.
    5. Returned purchases, disputed or unauthorized/fraudulent transactions, EMI’s and fees/charges will not be considered for this offer.
    6. Eligible cardholders will be entitled to an e-voucher (“E-Voucher”) subject to the terms and conditions as contained herein. These terms are jointly set forth by Cleartrip and SBICPSL.
    7. Under this program, SBI Cardholders get upto Rs.3000 instant cashback on Domestic/International Flights & Hotels booked with SBI Credit Card on Cleartrip Mobile App on the total purchase value on the first transaction made on Cleartrip App by the customer on the http://www.cleartrip.com/offers/india/sbi-cc (“Website”)”Offer”/”Programme”). The Cardholder need to enter the Coupon code: SBICT3000 SBICPSL except the items listed on Cleartrip deal properties.
    8. Offer is valid on certain Brands/Products/services.
    9. The offer construct is as follows:
      • Domestic Roundtrip Flights:
        Get Rs.500 instant cashback on Domestic Roundtrip Flights booked for 1 or 2 passengers using Cleartrip Mobile App.
        Get Rs.1000 instant cashback on Domestic Roundtrip Flights booked for 3 or more passengers using Cleartrip Mobile App.
      • International Roundtrip Flights:
        Get Rs.1000 instant cashback on International Roundtrip Flights booked using Cleartrip Mobile App.
      • Domestic Hotels:
        Get Rs.1000 instant cashback on Domestic Hotels of Rs.5000 or more, booked using Cleartrip Mobile App.
      • International Hotels:
        Get Rs.1000 instant cashback on International Hotels of Rs.5000 or more, booked using Cleartrip Mobile App.
    10. Offer is valid only on Cleartrip Mobile App.
    11. Valid for transactions made between 20 July 2015 to 31 March 2016. Dates of Travel are completely open.
    12. Offer is valid on all Domestic/International Roundtrip Flights & Hotels available on Cleartrip Mobile App.
    13. Offer not valid for transactions made on IVR/Phone with Cleartrip Customer Care.
    14. You can avail the offer only once on Domestic Flights, once on International Flights & once on Domestic Hotels. If you transact more than once using the same card, your booking will be confimed but you will not get any cashback on your 2nd Domestic Flight transaction or your 2nd International Flight transaction or your 2nd Domestic Hotel transaction.
    15. The cashback offer is valid per transaction. In case you book more than 1 passenger/ ticket/ segment/ room/ night/ room night in a single transaction, you will still receive cashback on per transaction basis only.
    16. In case you cancel the transaction (in part or full) the entire cashback availed for the said transaction will be deducted from the refund amount.
    17. Valid on Adult & Child bookings only. Not valid for Infants.
    18. Flight & Hotel bookings are subject to availability.
    19. SBI Cardholders who have qualified to receive the E-Vouchers under the Promotion can redeem online at mobile app- http://www.cleartrip.com/offers/india/sbi-cc , using the coupon code “SBICT3000”.All SBI Cardholders must therefore visit Cleartrip and use their SBI Card while making the payment.
    20. SBI Cardholders should contact Cleartrip directly in case of any difficulty or queries in relation to the use of the Cleartrip Website and/or redemption of the E-Vouchers.
    21. E-Vouchers can only be redeemed/ used within the validity period i.e. until 31st March 2016 as notified to the SBI Cardholder via the email/SMS.
    22. Usage of E-Vouchers shall be subject to terms and conditions that may be imposed by Cleartrip (as modified by Cleartrip from time to time) and it is the sole responsibility of the SBI Cardholder to check and comply with these terms and conditions.
    23. SBI Cardholders should check with Cleartrip directly in case of any queries in relation to availability goods & services being purchased using their E-Vouchers.
    24. SBICPSL shall have no responsibility and liability towards availability, quality, standards and delivery of the goods purchased on www.Cleartrip.com against the e-voucher.
    25. Every SBI Cardholder who takes part in the Promotion is bound by the terms and conditions stated in this Cleartrip Voucher Offer General Terms and Conditions of Promotion.
    26. Under no circumstance will the offer/discount being offered under this Program be settled with cash in lieu by SBICPSL or by the Vendor.

    Activation Offer E-Voucher terms and conditions – Grofers

    1. This marketing program (“Program”) is from SBI Card & Payment Services Private Ltd. (“SBICPSL”) under an arrangement with Grofers (“Merchant”) and is open to all residents of India holding a valid and current SBI Credit Card (“Cardholder”) and to whom a communication is sent either by SBICPSL and/or Merchant.
    2. The Validity of the Program (“Term”) is from 26th November, 2015 –31st March, 2016 (Both days included), unless extended by SBICPSL and Merchant.
    3. Under this program:
      • Cardholder can avail a discount of 15% on first time use of Grofers app using promocode : GSBI20
      • Maximum discount is of Rs 125
      • Minimum purchase of Rs 500
    4. This Programme is not applicable on SBI Corporate Card
    5. The offer is applicable only for cardholders using the Grofers app for the first time. Customers who have used the app earlier, using any other payment method will not be able to avail the offer.
    6. There will be an upfront discount on the bill.
    7. Discount needs to be availed by using the corresponding promocode
    8. Any query regarding the cash back will be entertained till 30th April’. Post such date; SBICPSL will not entertain any correspondence or communication regarding this Programme from any cardholder.
    9. SBICPSL does not endorse any of the products or brands being offered under the Program and will not accept any liability pertaining to the quality, delivery or after sales service of such products which shall be at the sole liability to Merchant.
    10. The Exclusive offers/discounts under these Programs cannot be clubbed with any other offer or discount extended by the participating brands as part of any other arrangement.
    11. All the existing offers, gifts, discounts etc., that are being offered can be availed by the Cardholders apart of this exclusive offer as mentioned in the communication.
    12. Pictures of products shown in the communication sent to the customer either through mailers or advertised on our website, are representative only and may not bear a resemblance to the actual products. SBICPSL shall under no circumstances be responsible towards the same.
    13. Products offered under this program are subject to availability from the respective participating outlets of Merchant and accordingly SBICPSL in no circumstances shall be liable for non-availability of any of the products.
    14. Under no circumstance will the offer/discount being offered under this Program be settled with cash in lieu by SBICPSL or by Merchant
    15. All government Levies like Sales Tax, TDS, any Local Tax, Octroi etc., shall be payable by the Cardholder as applicable at the time the respective Programs were offered.
    16. Any disputes arising out of the Offer shall be subject to arbitration by a sole arbitrator appointed by SBICPSL for this purpose. The proceedings of the arbitration shall be conducted as per the provisions of Arbitration and Conciliation Act, 1996. The place of arbitration shall be at New Delhi and language of arbitration shall be English. The existence of a dispute, if any, shall not constitute a claim against SBICPSL.
    17. Cardholders are not bound in anyway to participate in the Programs. Any such participation is voluntary and the same is being made purely on a “best effort basis”.
    18. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to this Program at any time with/without prior notice to the cardholders.

    Other T & Cs

    1. The products and/or services offered under this offer are at the sole responsibility of the participating Merchant and at their exclusive costs and consequences. SBICPSL does not endorse, nor recommends the quality, merchantability, fitness for a particular purpose(s), after sale services, warranties etc., of the products and/or services being made available under this offer.
    2. Pictures of products shown in the communication sent to the customer either through mailers or advertised on the website are representative only and may not bear a resemblance to the actual products. SBICPSL shall under no circumstances be responsible towards the same.
    3. All government Levies like Sales Tax, TDS, any Local Tax, Octroi etc., shall be payable by the Cardholder as applicable at the time the respective Programs were offered. 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 within the validity period.
    4. Any person availing this offer shall be deemed to have accepted these Terms and Conditions.
    5. This Program is not applicable on SBI Corporate Card
    6. If the Card Holder ceases to be the Card Holder at any time during the Program period, or before dispatch of the Gift, all the benefits under the Program shall lapse and shall not be available to the Card Holder
    7. If the Card Holder becomes delinquent at any time during the Program period or before dispatch of Gift, all the benefits under the Program shall lapse and shall not be available to the Card Holder.
    8. The Exclusive offers/discounts under these Programs cannot be clubbed with any other offer or discount extended by the participating brands as part of any other arrangement.
    9. 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 coupon code via email, SMS or other registered contact details of the Cardholder.
    10. Whilst information about the Promotion is correct at the time of publication, SBICPSL 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.
    11. For the avoidance of doubt, SBICPSL will not be obliged to publish or reveal under any circumstances the list of qualifying Cardholders, any information relating to coupon code under the Promotion, or the selection process under the Promotion except as may be mandated by law.
    12. If a cardholder has more than one SBI Credit Card, he/she must confirm the specific SBI Credit Card for availing the said offer by calling up the Customer Care Centre. Spends on multiple cards cannot be clubbed by the Cardholder for the said offer.
    13. Any disputes arising out of this Offer shall be subject to arbitration under the Indian Arbitration and Conciliation Act, 1996 including any statutory amendments carried thereof. Arbitration shall be conducted by a sole arbitrator appointed by SBICPSL for this purpose and the award of the arbitrator shall be final and binding on the cardholder and SBICPSL. The place of arbitration shall be at New Delhi and the language of arbitration shall be English. Existence of a dispute, if any, shall not constitute a claim against SBICPSL. This offer will be governed by and construed in accordance with Indian law
    14. In case of any dispute, decision of SBICPSL shall be final and binding.
    15. If any term of this offer is held by a court of competent jurisdiction to be invalid or unenforceable, then this offer, including all of the remaining terms, will remain in full force and effect as if such invalid or unenforceable term had never been included.
    16. SBICPSL and the partner reserves the right to modify or change any of the terms and conditions applicable to the Offer with/without prior notice.
    17. These Terms shall be in addition to and not in substitution / derogation to the Primary Terms and Conditions governing the Credit Card of SBICPSL. All capitalized terms used but not defined herein shall have the respective meanings ascribed to it in the Primary Terms and Conditions.
  • Rs. 100 cashback on ATM Cash Withdrawal Offer

    Terms & Conditions

    • The SBI Card Offer (“Offer”) ‘₹ 100 Cash Back on ATM Cash withdrawal within 1st 30 days from receipt of SBI Credit Card’ from SBI Cards & Payment Services Private Ltd. (“SBICPSL”) is open to select residents of India, holding a valid SBI Credit Card (“Card”).
    • By availing this Offer benefits by conducting a financial transaction of withdrawing cash through an ATM machine, the Cardholder provides consent to all these terms and conditions.
    • Under this Offer, a Cardholder gets ₹ 100 Cash Back on his/her first ATM Cash Withdrawal (India or overseas) within 30 days from receipt of SBI Credit Card.
    • Offer is applicable only on ATM Cash Withdrawal using SBI Credit Card. The Offer does not include any retail spends, including Fuel, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.
    • Under the Offer, each cardholder can avail a maximum of ₹ 100 Cash Back. Total Cash Back per account will not exceed ₹ 100. Regular cash advance fee of Rs 2.5% or ₹ 300 whichever is higher & interest rates of up to 3.35% per month apply and is subject to change as per discretion of SBICPSL.
    • Cash back will be credited to the SBI Card customer’s account within 60 days of ATM cash withdrawal.
    • Any query regarding the program will be entertained within 90 days of ATM cash withdrawal Or 4 months of account set up date (“Query Period”) and SBICPSL will not entertain any correspondence or communication regarding this Offer post the Query Period.
    • This Offer is not applicable on Add on Card, Card Renewals & SBI Corporate Card.
    • This Offer is a standalone Offer and the benefits offered under this Offer cannot be clubbed together and/or in any way be cumulated with any other offer of SBICPSL in any manner, or form.
    • Cardholders are not bound in any way to participate in the Offer. Any such participation is voluntary and the same is being made purely on a “best effort basis”.
    • SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time with or without prior notice.
    • Any disputes arising out of this Offer shall be subject to arbitration under the Indian Arbitration and Conciliation Act, 1996 including any statutory amendments carried thereof. Arbitration shall be conducted by a sole arbitrator appointed by SBICPSL for this purpose and the award of the arbitrator shall be final and binding on the cardholder and SBICPSL. The place of arbitration shall be New Delhi and the language of arbitration shall be English.
  • 2% cashback

    Terms & Conditions

    • The SBI Card Offer("Offer") from SBI Cards & Payment Services Private Ltd. ("SBICPSL") is open to select residents of India holding a valid and current SBI Credit Card("Card") i.e. with no outstanding more than 30 days("Cardholder").
    • The Offer is valid on all qualifying transactions made during the dates specified as per the communication by SBICPSL ("Term").
    • Under this offer, a Cardholder can avail 2% Cash Back, subject to a maximum Cash Back amount of ₹ 250, on retail spends only.
    • Offer is applicable only on total retail spends undertaken on SBI Cards. The offer does not include Fuel, ATM Cash Withdrawal, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.
    • Under the program, each cardholder can avail a maximum of ₹ 250 as Cash Back. Total Cash Back amount per account will not exceed ₹ 250.
    • Cash Back is given only to the Cardholder who are eligible as a part of Offer on their SBI Card. Decision of SBICPSL about eligibility of cardholders is final and binding
    • Cash Back will be credited to the SBI Card customer's account within 30 days post completion of the offer.
    • SBICPSL will not entertain any correspondence or communication regarding the validity and acceptability of the Offer.
    • This Offer is a stand alone Offer and the benefits offered under this Offer cannot be clubbed together  and/or in any way be cumulated with any other offer of SBICPSL in any manner, or form.
    • Any disputes arising out of this offer shall be subject to arbitration under the Indian  Arbitration and Conciliation Act, 1996 including any statutory amendments carried thereof. Arbitration shall be conducted by a sole arbitrator appointed by SBICPSL for this purpose and the award of the arbitrator shall be final and binding on the cardholder and SBICPSL. The Place of arbitration shall be New Delhi and the language of arbitration shall be English. Existence of a dispute, if any, shall not constitute a claim against SBICPSL.
    • Cardholders are not bound in anyway to participate in the Offer. Any such participation is voluntary and the same is being made purely on a "best effort basis".
    • SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time without prior notice.
  • 5X Rewards

    Terms & Conditions

    • The SBI Card Offer(“Offer”) from SBI Cards & Payment Services Private Ltd. (“SBICPSL”) is open to select residents of India holding a valid and current SBI Credit Card(“Card”) i.e. with no outstanding more than 30 days(“Cardholder”).
    • The Offer is valid on all qualifying transactions made during the dates specified as per the communication by SBICPSL (“Term”).
    • Under the offer, a Cardholder gets 5 times reward points, subject to a maximum of 5000 Reward points, on retail spends only. For SBI Gold & More card, reward points can be earned on all purchases other than departmental stores and grocery purchases.
    • Offer is applicable only on total retail spends undertaken on SBI Cards.
    • The offer does not include any purchases at petrol pumps/ service stations, ATM Cash Withdrawal, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.
    • Under the program, each accountholder can avail a maximum of 5000 reward points. Total Reward points per account will not exceed 5000.
    • Reward points will be given only to the Cardholder who are eligible as a part of Offer on their SBI Card. Decision of SBICPSL about eligibility of cardholders is final and binding.
    • Reward points will be credited to the SBI Card customer’s account within 30 days post completion of the offer.
    • The above offer complies to all the existing terms & conditions of the reward points program.
    • SBICPSL will not entertain any correspondence or communication regarding the validity and acceptability of the Offer.
    • This Offer is a stand alone Offer and the benefits offered under this Offer cannot be clubbed together  and/or in any way be cumulated with any other offer of SBICPSL in any manner, or form.
    • Any disputes arising out of this offer shall be subject to arbitration under the Indian  Arbitration and Conciliation Act, 1996 including any statutory amendments carried thereof.
    • Arbitration shall be conducted by a sole arbitrator appointed by SBICPSL for this purpose and the award of the arbitrator shall be final and binding on the cardholder and SBICPSL. The Place of arbitration shall be New Delhi and the language of arbitration shall be English. Existence of a dispute, if any, shall not constitute a claim against SBICPSL.
    • Cardholders are not bound in any way to participate in the Offer. Any such participation is voluntary and the same is being made purely on a “best effort basis”.
    • SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time without prior notice.
  • 5% cashback

    Terms & Conditions

    • The SBI Card Offer(“Offer”) from SBI Cards & Payment Services Private Ltd. (“SBICPSL”) is open to select residents of India holding a valid and current SBI Credit Card(“Card”) i.e. with no outstanding more than 30 days(“Cardholder”).
    • The Offer is valid on all qualifying transactions made during the dates specified as per the communication by SBICPSL (“Term”).
    • Under this offer, a Cardholder can avail 5% Cash Back, subject to a maximum Cash Back amount of Rs.500, on retail spends only.
    • Offer is applicable only on total retail spends undertaken on SBI Cards. The offer does not include Fuel, ATM Cash Withdrawal, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.
    • Under the program, each cardholder can avail a maximum of Rs. 500 as Cash Back. Total Cash Back amount per account will not exceed Rs. 500.
    • Cash Back is given only to the Cardholders who are eligible as a part of the Offer on their SBI Card. Decision of SBICPSL about eligibility of cardholders is final and binding.
    • Cash Back will be credited to the SBI Card customer’s account within 30 days post completion of the offer.
    • SBICPSL will not entertain any correspondence or communication regarding the validity and acceptability of the Offer.
    • This Offer is a stand alone Offer and the benefits offered under this Offer cannot be clubbed together and/or in any way be cumulated with any other offer of SBICPSL in any manner, or form.
    • Any disputes arising out of this offer shall be subject to arbitration under the Indian  Arbitration and Conciliation Act, 1996 including any statutory amendments carried thereof. Arbitration shall be conducted by a sole arbitrator appointed by SBICPSL for this purpose and the award of the arbitrator shall be final and binding on the cardholder and SBICPSL. The Place of arbitration shall be New Delhi and the language of arbitration shall be English. Existence of a dispute, if any, shall not constitute a claim against SBICPSL.
    • Cardholders are not bound in any way to participate in the Offer. Any such participation is voluntary and the same is being made purely on a “best effort basis”.
    • SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time without prior notice.
  • Rs. 100 cashback on Rs. 750 spend on SBI Defence Cards

    Terms & Conditions

    • The SBI Card Offer (“Offer”) from SBI Cards & Payment Services Private Ltd. (“SBICPSL”) is open to select residents of India, holding a valid and current SBI Credit Card  (“Card”) i.e., with no outstanding of more than 30 days.
    • The Offer is valid on all qualifying transactions made during the dates specified as per the communication by SBICPSL (“Term”).
    • Under this Offer, a Cardholder can avail a ₹ 100 Cash Back if he/she spends a total of ₹ 750 or more using their SBI Credit Card during the Term.
    • Offer is applicable only on Defence Canteen spends undertaken on SBI Card credit cards. The offer does not include any other retail spends, Fuel, ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.
    • Under the program, each cardholder can avail a maximum of ₹ 100 Cash Back. Total Cash Back per account will not exceed ₹ 100.
    • ₹ 100 Cash Back is given only to the Cardholders who are eligible as a part of Offer on their SBI Card. Decision of SBICPSL about eligibility of cardholders is final and binding.
    • Cash back will be credited to the SBI Card customer’s account within 30 days of offer completion.
    • Any query regarding the program will be entertained within 30 days of offer completion. SBICPSL will not entertain any correspondence or communication regarding this offer post said day.
    • This Offer is a stand alone Offer and the benefits offered under this Offer cannot be clubbed together and/or in any way be cumulated with any other offer of SBICPSL in any manner, or form.
    • Cardholders are not bound in anyway to participate in the Offer. Any such participation is voluntary and the same is being made purely on a “best effort basis”.
    • SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time without prior notice.
    • Any disputes arising out of this Offer shall be subject to arbitration under the Indian Arbitration and Conciliation Act, 1996 including any statutory amendments carried thereof. Arbitration shall be conducted by a sole arbitrator appointed by SBICPSL for this purpose and the award of the arbitrator shall be final and binding on the cardholder and SBICPSL. The place of arbitration shall be New Delhi and the language of arbitration shall be English.
  • Rs. 150 cashback on Rs. 1,500 Fuel spends on SBI Platinum Cards

    Terms & Conditions

    • The SBI Card Offer (“Offer”) from SBI Cards & Payment Services Private Ltd. (“SBICPSL”) is open to select residents of India, holding a valid and current SBI Credit Card  (“Card”) i.e., with no outstanding of more than 30 days.
    • The Offer is valid on all qualifying transactions made during the dates specified as per the communication by SBICPSL (“Term”).
    • Under this Offer, a Cardholder can avail a ₹ 150 Cash Back if he/she spends a total of ₹ 1500 or more using their SBI Credit Card during the Term.
    • Offer is applicable only on Fuel spends undertaken on SBI Platinum Card. The offer does not include any other retail spends, ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.
    • Under the program, each cardholder can avail a maximum of ₹ 150 Cash Back. Total Cash Back per account will not exceed ₹ 150.
    • ₹ 150 Cash Back is given only to the Cardholders who are eligible as a part of Offer on their SBI Card. Decision of SBICPSL about eligibility of cardholders is final and binding.
    • Cash back will be credited to the SBI Card customer’s account within 30 days of offer completion.
    • Any query regarding the program will be entertained within 30 days of offer completion. SBICPSL will not entertain any correspondence or communication regarding this offer post said day.
    • This Offer is a stand alone Offer and the benefits offered under this Offer cannot be clubbed together and/or in any way be cumulated with any other offer of SBICPSL in any manner, or form.
    • Cardholders are not bound in any way to participate in the Offer. Any such participation is voluntary and the same is being made purely on a “best effort basis”.
    • SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time without prior notice.
    • Any disputes arising out of this Offer shall be subject to arbitration under the Indian Arbitration and Conciliation Act, 1996 including any statutory amendments carried thereof. Arbitration shall be conducted by a sole arbitrator appointed by SBICPSL for this purpose and the award of the arbitrator shall be final and binding on the cardholder and SBICPSL. The place of arbitration shall be New Delhi and the language of arbitration shall be English.
  • Rs. 100 cashback on Rs. 1,000 Fuel spends on SBI Gold & More Card

    Terms & Conditions

    • The SBI Card Offer (“Offer”) from SBI Cards & Payment Services Private Ltd. (“SBICPSL”) is open to select residents of India, holding a valid and current Gold & More / SimplySAVE SBI Card i.e., with no outstanding of more than 30 days
    • The Offer is valid on all qualifying transactions made during the dates specified as per the communication by SBICPSL (“Term”).
    • Under this Offer, a Cardholder can avail ₹ 100 Cash Back if he/she spends a total of ₹ 1000 or more using their SBI Credit Card during the Term.
    • Offer is applicable only on Fuel spends undertaken on Gold & More / SimplySAVE SBI Card. The offer does not include any other retail spends, ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.
    • Under the program, each cardholder can avail a maximum of ₹ 100 Cash Back. Total Cash Back per account will not exceed ₹ 100.
    • ₹ 100 Cash Back is given only to the Cardholders who are eligible as a part of Offer on their SBI Card. Decision of SBICPSL about eligibility of cardholders is final and binding.
    • Cash back will be credited to the SBI Card customer’s account within 30 days of offer completion.
    • Any query regarding the program will be entertained within 30 days of offer completion. SBICPSL will not entertain any correspondence or communication regarding this offer post said day.
    • This Offer is a stand alone Offer and the benefits offered under this Offer cannot be clubbed together and/or in any way be cumulated with any other offer of SBICPSL in any manner, or form.
    • Cardholders are not bound in any way to participate in the Offer. Any such participation is voluntary and the same is being made purely on a “best effort basis”.
    • SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time without prior notice.
    • Any disputes arising out of this Offer shall be subject to arbitration under the Indian Arbitration and Conciliation Act, 1996 including any statutory amendments carried thereof. Arbitration shall be conducted by a sole arbitrator appointed by SBICPSL for this purpose and the award of the arbitrator shall be final and binding on the cardholder and SBICPSL. The place of arbitration shall be New Delhi and the language of arbitration shall be English.
  • Rs. 100 cashback on Rs. 2,000 spends on SBI Gold Classic Card

    Terms & Conditions

    • The SBI Card Offer (“Offer”) from SBI Cards & Payment Services Private Ltd. (“SBICPSL”) is open to select residents of India, holding a valid and current SBI Credit Card  (“Card”) i.e., with no outstanding of more than 30 days
    • The Offer is valid on all qualifying transactions made during the dates specified as per the communication by SBICPSL (“Term”).
    • Under this Offer, a Cardholder can avail a ₹ 100 Cash Back if he/she spends a total of ₹ 2000 or more using their SBI Credit Card during the Term.
    • Offer is applicable only on total retail spends undertaken on SBI Card credit cards. The offer does not include any other retail spends, Fuel, ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.
    • Under the program, each cardholder can avail a maximum of ₹ 100 Cash Back. Total Cash Back per account will not exceed ₹ 100.
    • ₹ 100 Cash Back is given only to the Cardholders who are eligible as a part of Offer on their SBI Card. Decision of SBICPSL about eligibility of cardholders is final and binding.
    • Cash back will be credited to the SBI Card customer’s account within 30 days of offer completion.
    • Any query regarding the program will be entertained within 30 days of offer completion. SBICPSL will not entertain any correspondence or communication regarding this offer post said day.
    • This Offer is a stand alone Offer and the benefits offered under this Offer cannot be clubbed together and/or in any way be cumulated with any other offer of SBICPSL in any manner, or form.
    • Cardholders are not bound in any way to participate in the Offer. Any such participation is voluntary and the same is being made purely on a “best effort basis”.
    • SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time without prior notice.
    • Any disputes arising out of this Offer shall be subject to arbitration under the Indian Arbitration and Conciliation Act, 1996 including any statutory amendments carried thereof. Arbitration shall be conducted by a sole arbitrator appointed by SBICPSL for this purpose and the award of the arbitrator shall be final and binding on the cardholder and SBICPSL. The place of arbitration shall be New Delhi and the language of arbitration shall be English.
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