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Offer Terms & Conditions

Offer Terms & Conditions

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  • No Interest on Cash Withdrawal upto 30 Apr 2014

    1. 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.

    2. The Offer is valid from 02nd Mar’14 to 30th Apr’14. Both dates inclusive (hereinafter “Term”)

    3. 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.

    4. 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 02nd Mar’14, you will be charged 0% p.m. for 60 days till 30th Apr’14
     -If you again withdraw on 01st Apr’14, you will be charged 0% p.m. for 30 days till 30th Apr’14

    5. 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.

    6. 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.

    7. 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. 

    8. 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.

    9.  Existence of a dispute shall not constitute a claim against SBICPSL.

  • No Interest on Cash Withdrawal upto 30 May 2014

    1. 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.

    2. The Offer is valid from 02nd Mar’14 to 30th May’14. Both dates inclusive (hereinafter “Term”)

    3. 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.

    4. 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 02nd Mar’14, you will be charged 0% p.m. for 90 days till 30th May’14
     -If you again withdraw on 01st Apr’14, you will be charged 0% p.m. for 60 days till 30th May’14

    5. 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.

    6. 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.

    7. 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. 

    8. 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.

    9.  Existence of a dispute shall not constitute a claim against SBICPSL.

  • Spend and get BONUS Reward Points

    1. The Offer ('Offer') from SBI Cards & Payment Services Private Ltd. ('SBICPSL') is open to Select cardholders holding a valid and current SBI Credit Card ('Card') with no outstanding of more than 30 days ('Cardholder').

    2. This offer shall be valid between the periods 15th Day of January 2014 to 28th February 2014 both days included (“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. 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 Call Centre. Spends on multiple cards cannot be clubbed by the SBI Credit Cardholder for the said offer.

    5. To be eligible for the offer, the cardholder needs to spend within the offer period (’Term’) in accordance with the instructions/specifications provided therein in the communication sent by SBICPSL. All the cumulative purchases within the offer period may also be clubbed together to avail the  offer.

    6. Returned purchases/transactions, disputed and/or unauthorized/fraudulent transactions, EMI’s and fees/charges will not be considered for this offer.

    7. BONUS reward points are given only to the Cardholders who are eligible as part of this Programme on their SBI Credit Card. All decisions of SBICPSL about eligibility of cardholders for benefits under this Programme are final, absolute and binding on all Cardholders.

    8. BONUS reward Points will be credited to the SBI Card customer's account on or before 30th April 2014.

    9. Qualifying transactions for spend calculation does not include spends on Fuel, ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft products of SBICPSL.

    10. Maximum BONUS reward points will be in accordance with the instructions/specifications provided therein in the communication sent by SBICPSL.

    11. Cardholder to ensure and update latest mobile number and registered e-mail ID to receive periodic communication related to this offer.

    12. SBICPSL Card will not be responsible for email bounces, wrong email id/mobile number updation or incomplete email id/mobile number updation in the system. Email/SMS will be sent to the email id and mobile number updated in our system.

    13. There is a separate Reward Redemption fee made applicable on every redemption request and the same may be communicated to the Cardholder at the time of redemption and if and when the occasion arises.

    14. Standard SBICPSL Credit Card(s) Reward Points terms and conditions to govern the Offer. 

    15. Any person availing this offer shall be deemed to have accepted these Terms and Conditions

    16. Any query regarding the Offer or any matter related thereof will be entertained only till 15th April 2014. SBICPSL will not entertain any correspondence or communication regarding this offer thereafter.

    17. 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.

    18. 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.

    19. In case of any dispute, decision of SBI Card will be final and binding.

    20. 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.

    21. Cardholders are not bound in any way to participate in the Offer. Any such participation is voluntary and the same is being made available purely on a 'best effort basis'.

    22. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time its sole discretion with/without prior notice.

    23. The above offer is by way of a special offer for select SBICPSL Credit Cardholders only and nothing contained herein shall prejudice or affect the terms and conditions of the Cardholder agreement. The terms of the above schemes shall be in addition to and not in derogation of the terms contained in the card member agreement.

  • Spend and GET EBAY.IN Voucher

    1. This is a promotional e-bay voucher offer” (”Offer”) jointly made available by SBI Cards and Payments Services Private Limited (“ SBICPSL”)   under a commercial arrangement with e-bay. This Offer is further made available only to such SBI Cardholders to whom this Offer is communicated through an appropriate medium chosen at the sole option and discretion of SBICPSL.

    2. This offer shall be valid between the periods 15th Day of January 2014 to 28th February 2014(“Term”) both days included (“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. To be eligible for the offer, the cardholder needs to spend within the offer period (’Term’) in accordance with the instructions/specifications provided  in the communication sent by SBICPSL. All the cumulative purchases within the offer period may also be clubbed together to avail this offer.

    5. Qualifying transactions for spend calculation does not include spends on Fuel, ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft products of SBICPSL .

    6. Returned purchases, disputed or unauthorized/fraudulent transactions, EMI’s and fees/charges will not be considered for this offer.

    7. 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 e-bay and SBICPSL and the value of each of the e-bay E-voucher given will be Rs.300/- (Three Hundred only).

    8. SBI Cardholders who have qualified to receive the E-Vouchers under the Promotion will each receive a unique number (“Unique Redemption Number”) for redemption of e-bay E-Vouchers on www.ebay .in.  The E-Vouchers and respective Unique Redemption Numbers  that will be communicated to eligible cardholders through SMS and/or email to registered mobile number and/or email address updated with SBICPSL on or before 30th April 2014.

    9. E-Vouchers can only be redeemed online at www.ebay.in (“ebay India Website”), using the Unique Redemption Number allocated and sent to the qualifying SBI Cardholders. All SBI Cardholders must therefore visit the ebay Website with their Unique Redemption Number in order to redeem their E-Vouchers 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 of 2 months from the day the voucher is issued and notified to the SBI Cardholder via the email/SMS containing the Unique Redemption Number.

    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. Under no circumstance will the offer/discount being offered under this Program be settled with cash in lieu by SBICPSL  or by the Vendor.

    15. 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 .

    16. 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.

    17. 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.

    18. Any person availing this offer shall be deemed to have accepted these Terms and Conditions

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

    20. 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.

    21. 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.

    22. 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 redemption of the Vouchers under the Promotion, or the selection process under the Promotion except as may be mandated by law.

    23. 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.

    24. 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.

    25. 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

    26. In case of any dispute, decision of SBICPSL  shall be final and binding.

    27. 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.

    28. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at its sole discretion with/without prior notice.

  • Spend and GET Jabong Voucher

    1. This Offer ('Offer') from SBI Cards & Payment Services Private Ltd. ('SBICPSL') is open to SELECT cardholders holding a valid and current SBI Credit Card ('Card') with no outstanding of more than 30 days ('Cardholder').

    2. This offer shall be valid between the period with both days included (“Term”) in accordance with the instructions/specifications provided in the communication sent by SBICPSL 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. To be eligible for the offer, the cardholder needs to spend within the offer period (’Term’) in accordance with the instructions/specifications provided in the communication sent by SBICPSL. All the cumulative purchases within the offer period may also be clubbed together to avail this offer.

    5. Qualifying transactions does not include spends on Fuel, ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft products of SBICPSL.

    6. Cardholder to ensure and update latest mobile number and e-mail ID to receive periodic communication related to this offer. In case, the eligible cardholder does not have a valid registered mobile number and/or email address with SBICPSL, the e-voucher code will not be sent.

    7. Maximum discount on e-voucher to shop at www.jabong.com (hereafter “vendor”) will be in accordance with the instructions/specifications provided in the communication sent by SBICPSL.

    8. 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.

    9. e-voucher code is a 16 digit alpha numeric code that will be communicated to eligible cardholders through SMS and/or email to registered mobile number and/or email address updated with SBICPSL within 60 days of offer end date.

    10. SBICPSL will not be responsible for email bounces, non-delivery of SMSs, wrong email id/mobile number updation or incomplete email id/mobile number updation in the system etc. Email/SMS will be sent to the email id and mobile number as updated in SBICPSL’s system.

    11. Select products at www.jabong.com and enter e-voucher code at cart page to avail the offer.

    12. E-voucher valid on all products including sale items at vendor.

    13. E-Voucher not valid on any other mode of payment available at vendor. Any additional payment must be charged to SBI credit card to avail the offer.

    14. Offers not valid for payment through Cash on delivery (COD)/Net banking/Debit Card /any other bank credit card, or any other available mode of payment available at vendor.

    15. E-Voucher code is valid for one time use on Vendor site only. E-Voucher Code not valid for multiple usages.

    16. E-Voucher can only be redeemed/used within the validity period of 2 months from the day the voucher is issued and notified to the SBI Cardholder via the email/SMS containing the e-voucher code.

    17. E-Voucher discounts will be applied to the total merchandise value including VAT and other applicable taxes.

    18. E-voucher cannot be clubbed with any other promotion/offer running on vendor unless otherwise specified.

    19. All orders are subject to stock availability at the time of placing of order at vendor.

    20. By placing an order, the customer accepts all terms and conditions specified on vendor’s web site.

    21. In case of any query pertaining to use of E-voucher, please email to customer care at care@jabong.com or call @ 0124-6128000.

    22. SBICPSL shall not be liable in any manner whatsoever or howsoever for any loss or damage or claims that may arise out of or otherwise howsoever from any refusal by vendor to honor this offer for any reason whatsoever.

    23. SBICPSL does not hold out any warranty or make any representation of the delivery, quality, merchantability, suitability etc., of the products and/or services offered by vendor and SBICPSLshall not entertain any correspondence in this regard.

    24. The products & services offered under this offer are at the sole responsibility of the participating Merchants 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.

    25. 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.

    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.

    27. 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.

    28. Any person availing this offer shall be deemed to have accepted these Terms and Conditions

    29. Any query regarding the Offer or any matter related thereof will be entertained only till 15th April 2014. SBICPSL will not entertain any correspondence or communication regarding this offer thereafter.

    30. Returned purchases/transactions, disputed and/or unauthorized/fraudulent transactions, EMI’s and fees/charges will not be considered for this offer.

    31. 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.

    32. 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

    33. In case of any dispute, decision of SBICPSL  shall be final and binding.

    34. 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.

    35. Cardholders are not bound in any way to participate in the Offer. Any such participation is voluntary and the same is being made available purely on a 'best effort basis'.

    36. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at its sole discretion with/without prior notice.

  • Spend and get Rs 100 CASHBACK

    1. The  Offer ('Offer') from SBI Cards & Payment Services Private Ltd. ('SBICPSL') is open to select cardholders holding a valid and current SBI Credit Card ('Card') with no outstanding of more than 30 days ('Cardholder').

    2. This offer shall be valid between the periods 15th Day of January 2014 to 28th February 2014 both days included (“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. 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 Call Centre. Spends on multiple cards cannot be clubbed by the SBI Credit Cardholder for the said offer.

    5. To be eligible for the offer, the cardholder needs to spend within the offer period (’Term’) in accordance with the instructions/specifications provided therein in the communication sent by SBICPSL. All the cumulative purchases within the offer period may also be clubbed together to avail the  offer.

    6. Qualifying transactions for spend calculation does not include spends on ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft products of SBICPSL.

    7. Offer valid on retail, online, point of sale/merchant store and/or fuel transactions.

    8. Returned purchases/transactions, disputed and/or unauthorized/fraudulent transactions, EMI’s and fees/charges will not be considered for this offer.

    9. Card holder to ensure and update latest mobile number and registered e-mail ID to receive periodic communication related to this offer.

    10. SBICPSL  will not be responsible for email bounces, wrong email id/mobile number updation or incomplete email id/mobile number updation in the system. Email/SMS will be sent to the email id and mobile number updated in our system.

    11. Under this Offer a SBI credit Cardholder can get FLAT Rs.100 as Cashback on retail spends only in accordance with the instructions/specifications provided therein in the communication sent by SBICPSL.

    12. Cashback will be credited to the SBICPSL  customer's account on or before 30th April 2014.

    13. 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.

    14. Any person availing this offer shall be deemed to have accepted these Terms and Conditions

    15. Any query regarding the Offer or any matter related thereof  will be entertained only till 15th April 2014. SBICPSL will not entertain any correspondence or communication regarding this offer thereafter.

    16. 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.

    17. 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

    18. In case of any dispute, decision of SBI Card will be final and binding.

    19. 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.

    20. Cardholders are not bound in any way to participate in the Offer. Any such participation is voluntary and the same is being made available purely on a 'best effort basis'.

    21. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time its sole discretion with/without prior notice.

    22. The above offer is by way of a special offer for select SBICPSL Credit Cardholders only and nothing contained herein shall prejudice or affect the terms and conditions of the Card holder agreement. The terms of the above schemes shall be in addition to and not in derogation of the terms contained in the Cardholder agreement.

  • Spend ONLINE and get BONUS Reward Points

    1. The  Offer ('Offer') from SBI Cards & Payment Services Private Ltd. ('SBICPSL') is open to Select  cardholders holding a valid and current SBI Credit Card ('Card') with no outstanding of more than 30 days ('Cardholder').

    2. This offer shall be valid between the periods 15th Day of January 2014 to 28th February 2014 both days included (“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. 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 Call Centre. Spends on multiple cards cannot be clubbed by the SBI Credit Cardholder for the said offer.

    5. To be eligible for the offer, the cardholder needs to spend within the offer period (’Term’) in accordance with the instructions/specifications provided therein in the communication sent by SBICPSL. All the cumulative online purchases within the offer period may also be clubbed together to avail the  offer.

    6. Customers who do any ONLINE credit card transactions like travel booking, bill payments, movie ticketing or any other online transactions will qualify for Bonus reward point subject to spending to target amount as communicated in the emailer and/or SMS.

    7. Qualifying transactions for spend calculation does not include spends on point of sale/merchant store, Fuel,  ATM Cash Withdrawal, Balance Transfer, Encash and Easy Money draft products of SBICPSL .

    8. Returned purchases/transactions, disputed and/or unauthorized/fraudulent transactions, EMI’s and fees/charges will not be considered for this offer.

    9. Bonus reward points are given only to the Cardholders who are eligible as part of this programme on their SBI Credit Card. All decisions of SBICPSL about eligibility of cardholders for benefits under this Programme are final, absolute and binding on all Cardholders.

    10. Bonus reward Points will be credited to the SBI Card customer's account on or before 30th April 2014.

    11. Maximum BONUS reward points will be in accordance with the instructions/specifications provided therein in the communication sent by SBICPSL.

    12. Cardholder to ensure and update latest mobile number and registered e-mail ID to receive periodic communication related to this offer.

    13. SBICPSL will not be responsible for email bounces, wrong email id/mobile number updation or incomplete email id/mobile number updation in the system. Email/SMS will be sent to the email id and mobile number updated in our system.

    14. There is a separate Reward Redemption fee made applicable on every redemption request and the same may be communicated to the Cardholder at the time of redemption and if and when the occasion arises.

    15. Standard SBICPSL Credit Card(s) Reward Points terms and conditions to govern the Offer. 

    16. Any person availing this offer shall be deemed to have accepted these Terms and Conditions

    17. Any query regarding  the Offer or any matter related thereof a will be entertained only till 30th April 2014. SBICPSL will not entertain any correspondence or communication regarding this offer thereafter.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.

    18. 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

    19. In case of any dispute, decision of SBI Card will be final and binding.

    20. 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.

    21. Cardholders are not bound in anyway to participate in the Offer. Any such participation is voluntary and the same is being made available purely on a 'best effort basis'.

    22. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time its sole discretion with/without prior notice.

  • Exclusive Offer – December 2013

    2% Cash Back

    1. 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') with no outstanding of more than 30 days ('Cardholder')

    2. The Offer is valid on all qualifying transactions made on or before 31st December 2013 unless otherwise specified ('Term').

    3. Under this Offer a Cardholder can avail 2% Cashback subject to a maximum cash back amount of Rs.1000 on retail spends in accordance with the instructions/specifications provided therein in the communication sent by SBICPSL.

    4. To be eligible for a Cashback offer, the cardholder needs to spend as per the communication by SBICPSL.  All the cumulative purchases may also be clubbed together to avail this offer.

    5. Offer is applicable only on total retail spends undertaken on SBI credit cards. The offer does not include spends on Fuel, ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.

    6. Under the program, each cardholder can avail a maximum of Rs.1000 as Cashback during the program period as per the communication received.

    7. Cashback offer 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.

    8. Cashback will be credited to the SBI Card customer's account on or before 28th February 2014.

    9. Any query regarding the program will be entertained only till 15th March 2014. SBICPSL will not entertain any correspondence or communication regarding this offer thereafter.

    10. 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.

    11. 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.

    12. Cardholders are not bound in anyway to participate in the Offer. Any such participation is voluntary and the same is being made available purely on a 'best effort basis'.

    13. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time with/without prior notice.

     2X Reward Points

    1. 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') with no outstanding of more than 30 days ('Cardholder').

    2. The Offer is valid on all qualifying transactions made on or before 31st December 2013 unless otherwise specified ('Term').

    3. Under this Offer a Cardholder can avail 2X reward points, subject to a maximum of 500/1250 reward points on retail spends only during the program period. The maximum reward points a cardholder can avail will be as per specific communication sent to the cardholder by SBICPSL in this regard.

    4. To be eligible for a Reward Point offer, the cardholder needs to spend as per the communication by SBICPSL. All the cumulative purchases may also be clubbed together to avail this offer.

    5. Offer is applicable only on total retail spends undertaken on SBI credit cards. The offer does not include spends on Fuel, ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.

    6. Under the program, each cardholder can avail a maximum reward point of 500/1250 during the program period as per the communication.

    7. Reward Point offer 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.

    8. Reward Points will be credited to the SBI Card customer's account on or before 28th February 2014.

    9. Reward Points are given only to the Cardholders who are eligible as part of this Programme on their SBI Credit Card. All decisions of SBICPSL about eligibility of cardholders for benefits under this Programme are final, absolute and binding on all Cardholders.

    10. There is a separate Reward Redemption fee made applicable on every redemption request and the same may be communicated to the Cardholder at the time of redemption and if and when the occasion arises.

    11. Any query regarding the program will be entertained only till 15th March 2014. SBICPSL will not entertain any correspondence or communication regarding this offer thereafter.

    12. 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.

    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 New Delhi and the language of arbitration shall be English.  Existence of a dispute, if any, shall not constitute a claim against SBICPSL.

    14. Cardholders are not bound in anyway to participate in the Offer. Any such participation is voluntary and the same is being made available purely on a 'best effort basis'.

    15. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time with/without prior notice.

    3% Cash Back

    1. 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') with no outstanding of more than 30 days ('Cardholder').

    2. The Offer is valid on all qualifying transactions made on or before 31st December 2013 unless otherwise specified ('Term').

    3. Under this Offer a Cardholder can avail 3% Cashback subject to a maximum cash back amount of Rs.1000 on retail spends only in accordance with the instructions/specifications provided therein in the communication sent by SBICPSL.

    4. To be eligible for a Cashback offer, the cardholder needs to spend as per the communication by SBICPSL.  All the cumulative purchases may also be clubbed together to avail this offer.

    5. Offer is applicable only on total retail spends undertaken on SBI credit cards. The offer does not include spends on Fuel, ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.
     
    6. Under the program, each cardholder can avail a maximum of Rs.1000 as Cashback during the program period as per the communication received.

    7. Cashback offer 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.

    8. Cashback will be credited to the SBI Card customer's account on or before 28th February 2014.

    9. Any query regarding the program will be entertained only till 15th March 2014. SBICPSL will not entertain any correspondence or communication regarding this thereafter.

    10. 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.

    11. 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.

    12. Cardholders are not bound in anyway to participate in the Offer. Any such participation is voluntary and the same is being made available purely on a 'best effort basis'.
     
    13. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time with/without prior notice.

    3X Reward Points

    1. 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') with no outstanding of more than 30 days ('Cardholder').

    2. The Offer is valid on all qualifying transactions made on or before 31st December 2013 unless otherwise specified ('Term').

    3. Under this Offer a Cardholder can avail 3X reward points, subject to a maximum of 1000/1500/2500 reward points on retail spends only during the program period. The maximum reward points a cardholder can avail will be as per specific communication sent to the cardholder by SBICPSL in this regard.

    4. To be eligible for a Reward Point offer, the cardholder needs to spend in accordance with the instructions/specifications provided therein in the communication sent by SBICPSL. All the cumulative purchases within the offer period may also be clubbed together to avail this offer.

    5. Offer is applicable only on total retail spends undertaken on SBI credit cards. The offer does not include spends on Fuel, ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.

    6. Under the program, each cardholder can avail a maximum reward point of 1000/1500/2500 during the program period as per the communication.

    7. Reward Point offer 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.

    8. Reward Points will be credited to the SBI Card customer's account on or before 28th February 2014.

    9. Reward Points are given only to the Cardholders who are eligible as part of this Programme on their SBI Credit Card. All decisions of SBICPSL about eligibility of cardholders for benefits under this Programme are final, absolute and binding on all Cardholders.

    10. There is a separate Reward Redemption fee made applicable on every redemption request and the same may be communicated to the Cardholder at the time of redemption and if and when the occasion arises.

    11. Any query regarding the program will be entertained only till 15th March 2014. SBICPSL will not entertain any correspondence or communication regarding this offer thereafter.

    12. 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.

    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 New Delhi and the language of arbitration shall be English.  Existence of a dispute, if any, shall not constitute a claim against SBICPSL.

    14. Cardholders are not bound in anyway to participate in the Offer. Any such participation is voluntary and the same is being made available purely on a 'best effort basis'.
     
    15. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time with/without prior notice.

    4X Reward Points

    1. 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') with no outstanding of more than 30 days ('Cardholder').

    2. The Offer is valid on all qualifying transactions made on or before 31st December 2013 unless otherwise specified ('Term').

    3. Under this Offer a Cardholder can avail 4X reward points, subject to a maximum 2500 reward points  on retail spends only.

    4. To be eligible for a Reward Point offer, the cardholder needs to spend in accordance with the instructions/specifications provided therein in the communication sent by SBICPSL. All the cumulative purchases within the offer period may also be clubbed together to avail this offer.

    5. Offer is applicable only on total retail spends undertaken on SBI credit cards. The offer does not include spends on Fuel, ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.

    6. Under the program, each cardholder can avail a maximum reward point of 2500 during the program period.

    7. Reward Point offer 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.

    8. Reward Points will be credited to the SBI Card customer's account on or before 28th February 2014.

    9. Reward Points are given only to the Cardholders who are eligible as part of this Programme on their SBI Credit Card. All decisions of SBICPSL about eligibility of cardholders for benefits under this Programme are final, absolute and binding on all Cardholders.

    10. There is a separate Reward Redemption fee made applicable on every redemption request and the same may be communicated to the Cardholder at the time of redemption and if and when the occasion arises.

    11. Any query regarding the program will be entertained only till 15th March 2014. SBICPSL will not entertain any correspondence or communication regarding this offer thereafter.

    12. 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.

    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 New Delhi and the language of arbitration shall be English.  Existence of a dispute, if any, shall not constitute a claim against SBICPSL.

    14. Cardholders are not bound in anyway to participate in the Offer. Any such participation is voluntary and the same is being made available purely on a 'best effort basis'.

    15. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time with/without prior notice.

    Rs 250 Cash Back

    1. 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') with no outstanding of more than 30 days ('Cardholder').

    2. The Offer is valid on all qualifying transactions made on or before 31st December 2013 unless otherwise specified ('Term').

    3. Under this Offer a Cardholder can avail Rs.250 Cashback on retail spends only in accordance with the instructions/specifications provided therein in the communication sent by SBICPSL.

    4. To be eligible for a Cashback offer, the cardholder needs to spend as per the communication by SBICPSL.  All the cumulative purchases may also be clubbed together to avail this offer.

    5. Offer is applicable only on total retail spends undertaken on SBI credit cards. The offer does not include spends on Fuel, ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.
     
    6. Under the program, each cardholder can avail a maximum of Rs. 250 as Cashback during the program period as per the communication received.

    7. Cashback offer 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.

    8. Cashback will be credited to the SBI Card customer's account on or before 28th February 2014.
     
    9. Any query regarding the program will be entertained only till 15th March 2014. SBICPSL will not entertain any correspondence or communication regarding this offer thereafter.

    10. 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.

    11. 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.

    12. Cardholders are not bound in anyway to participate in the Offer. Any such participation is voluntary and the same is being made available purely on a 'best effort basis'.
     
    13. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time with/without prior notice.

  • 2X Reward Points - Dhanteras

    1. 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') with no outstanding of more than 30 days ('Cardholder').

    2. The Offer is valid only on all qualifying transactions made on 1st Nov 2013.

    3. Under this Offer, a Cardholder can avail 2X reward points on all jewellery transactions of Rs 15,000 and above, subject to a maximum reward points of 2000 RP per card.

    4. To be eligible for a Reward Point offer, the cardholder needs to spend in accordance with the instructions/specifications provided therein in the communication send by SBICPSL..

    5. Offer is applicable only on total jewellery spends undertaken on SBI credit cards on 1st Nov 2013.

    6. Under the program, each cardholder can avail a maximum reward point of 2000 during the program period. 2x Reward Points will be calculated as per the base program of the card type.

    7. Reward Point offer 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.

    8. Reward Points will be credited to the SBI Card customer's account on or before 31st December’13.

    9. Reward Points are given only to the Cardholders who are eligible as part of this Programme on their SBI Credit Card. All decisions of SBICPSL about eligibility of cardholders for benefits under this Programme are final, absolute and binding on all Cardholders.

    10. There is a separate Reward Redemption fee made applicable on every redemption request and the same may be communicated to the Cardholder at the time of redemption and if and when the occasion arises.

    11. Any query regarding the program will be entertained till 31st December 2013. SBICPSL will not entertain any correspondence or communication regarding this offer post 31st Dec 2013.

    12. 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.

    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 New Delhi and the language of arbitration shall be English.  Existence of a dispute, if any, shall not constitute a claim against SBICPSL.

    14. Cardholders are not bound in any way to participate in the Offer. Any such participation is voluntary and the same is being made available purely on a 'best effort basis'.

    15. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time without prior notice.

  • Flexipay festive offer – Book at low interest rate of 8.5% (valid till 31-Jan-14)

    Flexipay Festive offer Terms & Conditions – Lower Rate of 8.5% + Processing fee waiver
    1. This offer is on Flexipay facility and is open only to those SBI credit cardholders ("Cardholders") who have received the offer from SBI Cards 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) and/or   by way of online booking made via www.sbicard.com.

    4. This offer on Flexipay is valid only for bookings between 18th Oct 2013 and 31st Jan 2014 -both days inclusive (“Term”).

    5. Any booking under this offer will attract an interest rate of 8.5% flat p.a. (corresponding reducing rates for various tenures are mentioned in clause 14) on booking a single Flexipay for a minimum amount of Rs. 2500 and above. Additionally a processing fee will be charged on the Flexipay amount at the rate of 2% subject to a minimum of Rs.149/- and a maximum of Rs.750/-.

    6. As a part of the offer, customer would be eligible to get a 100% processing fee waiver for Flexipay bookings greater than INR 25000/- during the offer “Term”.

    7. It is specified that notwithstanding any number of Flexi pay bookings during the offer Term,  the maximum amount of processing fee waiver that can be offered to a customer during the offer period is INR 3000/- ( Rupees Three Thousand only) and that under no circumstances, the processing  fee waiver shall exceed INR 3000/-.

    8. Under this offer, the cardholder would be allowed to convert only Retail transactions of Rs. 1000 and above into installments. Interest levied, Fees and Charges, GST and any other charges levied on the card cannot be converted into installments. Jewelry transactions cannot be converted into Flexipay in view of guidelines issued by the Reserve Bank of India from time to time.  Accordingly and in pursuant thereto, SBI Card at its sole instance may decline Flexipay facility on such transaction categories.

    9. More than one retail transaction of INR 1000 and above can be clubbed together to avail the offer.  The SBI Credit card holder can call up SBI Card help line within 30 days of the purchase or before the payment due date (whichever is earlier) and ask for transfer of the said retail transaction amount to Flexipay.

    10. Eligible Card holders can call up the SBI Card Helpline within the offer Term and ask for transfer of retail transaction amount to Flexipay. The Card holder can also avail the offer on our website – www.sbicard.com during the offer Term.

    11. The processing fee would initially be levied on the account at the time of booking Flexipay. Subsequently, the same would be reversed on the card account within 30 days of the Flexipay booking subject to a maximum cap of INR 3000 (during the offer period). In case the customer opts for multiple Flexipay bookings on his / her card account with corresponding processing fee value greater than INR 3000, only INR 3000 would be reversed on the card account within 30 days of the Flexipay booking. Accordingly the statement of Account drawn up in furtherance to the foregoing shall be the conclusive evidence of the benefit accrued under this Offer.

    12. This offer on Flexipay is valid from 18th Oct 2013 to 31st Jan 2014 (“Term”). Any bookings made after 31st Jan 2014 will attract an interest rate of 14.5% flat p.a. and  a processing fee of 2% subject to a minimum of Rs.149/- and a maximum of Rs.750/- will be charged without any additional feature mentioned in points  nos. 5 and 6 above.

    13. 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 Rs. 30,000 and booking amount greater than 30,000.
    14. The reducing interest rate applicable for different tenures are as follows:

     

    Tenure

    Reducing interest rate

    (annualized)

    3

    12.71%

    6

    14.43%

    9

    15.05%

    12

    15.34%

    24

    15.55%

    36

    15.40%

     
    15. 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 the reducing principal balance. Illustrative example of amortization scheduled given in point No.42.

    16. 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.

    17. 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.

    18. In case the SBI Credit cardholders has made multiple retail purchase transactions, each one of them more than Rs. 1000, then the SBI Credit Cardholders can combine these transactions and move the consolidated purchase amount to the Flexipay Scheme.

    19. 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 INR 25,000.

    20. 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.

    21. 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.

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

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

    24. Flexipay monthly installment is calculated as (Flexipay Principal Amount + Flexipay interest charge)/ Tenure. Example: Principle amount is Rs.10,000, Interest rate is 11.5% p.a. and Tenure is 24 months. The total interest charge will be (10,000 * 8.5% * 24/12) = Rs.1700. The EMI is calculated as (10,000 + 1700)/24.

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

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

    27. 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.

    28. 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

    29. 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. SBI Card 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.

    30. 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.
    31. The SBI Cardholder can make request for cancellation of Flexipay by calling the SBI Card helpline.  On receipt of this request, the outstanding Flexipay principal amount is moved back to SBI 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.

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

    33. 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.

    34. 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).

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

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

    37. 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.

    38. 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.

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

    40. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on www.sbicard.com

    41. 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.

    42. Illustrative example of amortization schedule:  

     

    Amortization schedule

    Sr. No.

    Billing date

    Installment

    Interest

    Principal

    Balance

    GST#

    1

    18-Nov-11

    904.17

    127.80

    776.37

    9,223.63

    15.80

    2

    18-Dec-11

    904.17

    117.87

    786.29

    8,437.34

    14.57

    3

    18-Jan-12

    904.17

    107.83

    796.34

    7,640.99

    13.33

    4

    18-Feb-12

    904.17

    97.65

    806.52

    6,834.48

    12.07

    5

    18-Mar-12

    904.17

    87.34

    816.83

    6,017.65

    10.80

    6

    18-Apr-12

    904.17

    76.90

    827.26

    5,190.39

    9.51

    7

    18-May-12

    904.17

    66.33

    837.84

    4,352.55

    8.20

    8

    18-Jun-12

    904.17

    55.62

    848.54

    3,504.01

    6.88

    9

    18-Jul-12

    904.17

    44.78

    859.39

    2,644.62

    5.53

    10

    18-Aug-12

    904.17

    33.80

    870.37

    1,774.25

    4.18

    11

    18-Sep-12

    904.17

    22.67

    881.49

    892.76

    2.80

    12

    18-Oct-12

    904.17

    11.41

    892.76

    0.00

    1.41

                 

    Principal

    10000

             

    Installment

    904.17

             

    R.O.I

    8.50%

             

    Tenure

    12

             
    # Government Service Tax calculated @ 12.36% of interest component.

  • Flexipay festive offer – Book at low interest rate of 11.5% (valid till 31-Jan-14)

    Flexipay Festive offer Terms & Conditions – Lower Rate of 11.5% + Processing fee waiver
    1. This offer is on Flexipay facility and is open only to those SBI credit cardholders ("Cardholders") who have received the offer from SBI Cards 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) and/or   by way of online booking made via www.sbicard.com

    4. This offer on Flexipay is valid only for bookings between 18th Oct 2013 and 31st Jan 2014 -both days inclusive (“Term”).

    5. Any booking under this offer will attract an interest rate of 11.5% flat p.a. (corresponding reducing rates for various tenures are mentioned in clause 14) on booking a single Flexipay for a minimum amount of Rs. 2500 and above. Additionally a processing fee will be charged on the Flexipay amount at the rate of 2% subject to a minimum of Rs.149/- and a maximum of Rs.750/-.

    6. As a part of the offer, customer would be eligible to get a 100% processing fee waiver for Flexipay bookings greater than INR 25000/- during the offer “Term”.

    7. It is specified that notwithstanding any number of Flexi pay bookings during the offer Term,  the maximum amount of processing fee waiver that can be offered to a customer during the offer period is INR 3000/- ( Rupees Three Thousand only) and that under no circumstances, the processing  fee waiver shall exceed INR 3000/-.

    8. 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. Jewelry transactions cannot be converted into Flexipay in view of guidelines issued by the Reserve Bank of India from time to time.  Accordingly and in pursuant thereto, SBI Card at its sole instance may decline Flexipay facility on such transaction categories.

    9. More than one retail transaction of INR2500 and above can be clubbed together to avail the offer.  The SBI Credit card holder can call up SBI Card help line within 30 days of the purchase or before the payment due date (whichever is earlier) and ask for transfer of the said retail transaction amount to Flexipay.

    10. Eligible Card holders can call up the SBI Card Helpline within the offer Term and ask for transfer of retail transaction amount to Flexipay. The Card holder can also avail the offer on our website – www.sbicard.com during the offer Term.

    11. The processing fee would initially be levied on the account at the time of booking Flexipay. Subsequently, the same would be reversed on the card account within 30 days of the Flexipay booking subject to a maximum cap of INR 3000 (during the offer period). In case the customer opts for multiple Flexipay bookings on his / her card account with corresponding processing fee value greater than INR 3000, only INR 3000 would be reversed on the card account within 30 days of the Flexipay booking. Accordingly the statement of Account drawn up in furtherance to the foregoing shall be the conclusive evidence of the benefit accrued under this Offer. 

    12. This offer on Flexipay is valid from 18th Oct 2013 to 31st Jan 2014 (“Term”). Any bookings made after 31st Jan 2014 will attract an interest rate of 14.5% flat p.a. and  a processing fee of 2% subject to a minimum of Rs.149/- and a maximum of Rs.750/- will be charged without any additional feature mentioned in points  nos. 5 and 6 above.

    13. 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 Rs. 30,000 and booking amount greater than 30,000.
    14. The reducing interest rate applicable for different tenures are as follows:

    Tenure

    Reducing interest rate

    (annualized)

    6

    19.45%

    9

    20.25%

    12

    20.59%

    24

    20.72%

    36

    20.39%

     
    15. 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 the reducing principal balance. Illustrative example of amortization scheduled given in point No.42.

    16. 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.

    17. 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.

    18. 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.

    19. 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 INR 25,000.

    20. 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.

    21. 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.

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

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

    24. Flexipay monthly installment is calculated as (Flexipay Principal Amount + Flexipay interest charge)/ Tenure. Example: Principle amount is Rs.10,000, Interest rate is 11.5% p.a. and Tenure is 24 months. The total interest charge will be (10,000 * 11.5% * 24/12) = Rs.2,300. The EMI is calculated as (10,000 + 2,300)/24.

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

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

    27. 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.

    28. 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

    29. 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. SBI Card 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.

    30. 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.
    31. The SBI Cardholder can make request for cancellation of Flexipay by calling the SBI Card helpline.  On receipt of this request, the outstanding Flexipay principal amount is moved back to SBI 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.

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

    33. 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.

    34. 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).

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

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

    37. 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.

    38. 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.

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

    40. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on www.sbicard.com

    41. 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.

    42. Illustrative example of amortization schedule:  

     

    Amortization schedule

    Sr. No.

    Billing date

    Installment

    Interest

    Principal

    Balance

    GST#

    1

    18-Nov-11

    929.17

    171.58

    757.59

    9,242.41

    21.21

    2

    18-Dec-11

    929.17

    158.58

    770.59

    8,471.82

    19.60

    3

    18-Jan-12

    929.17

    145.36

    783.81

    7,688.01

    17.97

    4

    18-Feb-12

    929.17

    131.91

    797.26

    6,890.75

    16.30

    5

    18-Mar-12

    929.17

    118.23

    810.94

    6,079.81

    14.61

    6

    18-Apr-12

    929.17

    104.31

    824.85

    5,254.96

    12.89

    7

    18-May-12

    929.17

    90.16

    839.00

    4,415.95

    11.14

    8

    18-Jun-12

    929.17

    75.77

    853.40

    3,562.56

    9.36

    9

    18-Jul-12

    929.17

    61.12

    868.04

    2,694.51

    7.56

    10

    18-Aug-12

    929.17

    46.23

    882.94

    1,811.58

    5.71

    11

    18-Sep-12

    929.17

    31.08

    898.08

    913.49

    3.84

    12

    18-Oct-12

    929.17

    15.67

    913.49

    0.00

    1.94

                 

    Principal

    10000

             

    Installment

    929.17

             

    R.O.I

    11.50%

             

    Tenure

    12

             
    # Government Service Tax calculated @ 12.36% of interest component.

  • 5% Cash-back on online utility bill payment of >Rs. 1000 on Visa Bill Pay with SBI Visa Card


    1. This is a promotional 5% cash back offer” (”Offer”) made available by SBI Cards and Payments Services Private Limited (“ SBICPSL”)   This Offer is accordingly available to SBI Credit Cardholders under the aegis of VISA ( Collectively “ VISA Cardholders”). This Offer is further made available only to such VISA Cardholders to whom this Offer is communicated through an appropriate medium chosen at the sole option and discretion of SBICPSL.

    2. Under the Offer, SBI Visa Cardholders who use their Card to pay utility bills of Rs. 1000 or more during the Promotion Period using Visa Bill Pay at www.visabillpay.in/sbi  will be entitled 5% Cash-back on the said transaction subject to the terms and conditions as contained herein.

    3. In order to qualify, utility bills must be paid within the Promotion Period of 1st Oct. ’13 to 31st  Dec. 2013.

    4. The Offer is subject to maximum cash-back of Rs. 75 per transaction & Rs. 450 per cardholder account.

    5. Payments made using both the below mentioned methods will be eligible for the promotion-

    o Using the registered login of the Cardholder at Visa Bill Pay at www.visabillpay.in/sbi, or
    o Bills paid using the "Pay right away" option at www.visabillpay.in/sbi

    6. The cash-back will be credited to the eligible Visa Cardholders by 15th Feb. ’14.

    7. No Cash-back will be credited to the Cardholders who are blocked or delinquent any time at the end of the Offer Term or during the period in between the end date and the due date of credit of the Cash-back amount.

    8. Any cancellation or reversal of eligible transactions done through Visa Bill Pay, during the Offer Term or at the time of crediting the cash-back to the cardholder’s account will result in the reversal of the cash-back for the said cancelled transaction and this is at the sole option of SBICPSL read concurrently with cash-back credit time set forth below. It being the material condition of this Offer, the Cardholders specifically consents to the same without any right to protest at any subsequent stage.

    9. The Statement of Account shall reflect the cash-back accrued under this Offer and in accordance with these terms and the same shall be the conclusive evidence thereto.

    10. The Offer is not valid for Corporate Cardholders.

    11. 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.

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

    13. Every VISA Cardholder who takes part in the Promotion or who uses their Visa card to make utility bill payment (of any amount) using Visa Bill Pay at www.visabillpay.in/sbi, irrevocably agrees and undertakes to be bound by the terms and conditions stated in this 5% Cash-back  Offer General Terms And Conditions of Promotion.

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

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

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

  • Book Flexipay >Rs. 10,000 on www.sbicard.com & earn Reward Points

    Flexipay Terms & Condition –Reward points offer on online booking
    1. The offer is on online booking of Flexipay through www.sbicard.com  and is open only to those SBI credit cardholders ("Cardholders") who have received the offer from SBI Cards and Payment Services Pvt. Ltd ("SBICPSL") through an appropriate medium decided by SBICSPL.

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

    3. The offer is applicable only on Flexipay booked online via www.sbicard.com during the offer period where the Flexipay booking amount is greater than INR 10,000.

    4. SBI credit cardholder will be entitled to reward points (as per the grid below) for any Flexipay (with booking amount greater than INR 10,000) booked online via www.sbicard.com during the offer period . Additionally a processing fee will be charged on the Flexipay amount at the rate of 2% subject to a minimum of Rs.149/- and a maximum of Rs.750/-.

    Card

    Reward Points per online booking

    Maximum Reward points that can be earned during the offer

    SBI Signature Card, SBI Platinum Card, SBI Gold & More Card, Yatra SBI Card

    1000

    3000

    SpiceJet SBI Card

    500

    1500

    SBI Railway Card, Railway SBI Platinum Card, SBI Maruti Card, TATA Card

    250

    750

     
    5. This offer on Flexipay is valid from 1st Oct 2013 to 31st Jan 2014 (“Term”). The SBI Credit Card holder can log on to www.sbicard.com within 30 days of the purchase / before the payment due date (whichever is earlier) and Convert the said retail transaction amount to Flexipay. Jewelry transactions cannot be converted into Flexipay in view of guidelines issued by the Reserve Bank of India from time to time.  Accordingly and in pursuant thereto , SBI Card at its sole instance may decline Flexipay facility on such transaction categories.

    6. Maximum Reward points that can be earned by a Cardholder during the offer period are mentioned in the table above. Under no circumstances, more than the specified number of reward points can be earned by a Cardholder during this Offer Term. The reward points earned during the Offer term would be credited to the card holder’s account within 15 working days after Flexipay has been booked online. In case the cardholder cancels the Flexipay booked online during the offer period (between 1st Oct - 31st Jan), the credited Reward points will be rolled back within 31 days after the offer ends.

    7. The offer is not valid on Credit card types, which don't have reward points as feature of card. These terms of offer are in addition to the terms of SBICPSL ‘Shop and Smile’ Reward points program and the two be read in conjunction to each other in assigning any meaning to these terms.

    8. No Reward points will be credited to cardholders who are blocked or delinquent at any time during the offer period from 1st Oct 2013 to 31st Jan 2014 (Both days inclusive).
    9. There is a separate reward points redemption fee (of Rs. 99/- plus GST) and such fee shall be made applicable at each time that the redemption are sought to be effected through appropriate mediums set forth by SBICPSL in this regard and such fees shall be communicated via such mediums, if and when the occasion arises. The redemption fee will be debited to the card account per redemption request towards delivery and processing charges. The same will be charged to the Cardholder in his/her monthly statement.

    10. The Flexipay facility from SBICPSL is available over different tenures of 6, 12 and 24 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 Rs. 30,000, however this tenure is not applicable for bookings done online through www.sbicard.com

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

    12. 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 Rs.2500 or more, only the unpaid balance amount can be converted to Flexipay.

    13. The Flexipay facility is applicable/available only on retail purchases 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.

    14. 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.

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

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

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

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

    19. At any given month the portion of the monthly repayment amount applied towards interest is determined by multiplying the reducing interest rate with the principal outstanding after the deduction of the previous month repayment amount. In other words, the reducing rate of interest is the rate which when charged brings the outstanding principal to zero at the end of the tenor, where the interest charged is calculated on a reducing principal balance. Illustrative example of amortization scheduled given in point No. 37.

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

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

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

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

    24. 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 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. SBI Card 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.

    25. 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 the event of cancellation, the reward points earned under the offer would also be rolled back.

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

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

    28. Booking a Flexipay online on www.sbicard.com 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.

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

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

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

    32. 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.

    33. 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.

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

    35. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on www.sbicard.com

    36. 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.

    37. Illustrative example of amortization schedule:

    Amortization schedule

    Sr. No.

    Billing date

    Installment

    Interest

    Principal

    Balance

    GST#

    1

    18-Nov-11

    954.17

    214.72

    739.44

    9260.56

    26.54

    2

    18-Dec-11

    954.17

    198.85

    755.32

    8505.23

    24.58

    3

    18-Jan-12

    954.17

    182.63

    771.54

    7733.69

    22.57

    4

    18-Feb-12

    954.17

    166.06

    788.11

    6945.59

    20.53

    5

    18-Mar-12

    954.17

    149.14

    805.03

    6140.56

    18.43

    6

    18-Apr-12

    954.17

    131.85

    822.31

    5318.24

    16.30

    7

    18-May-12

    954.17

    114.19

    839.97

    4478.27

    14.11

    8

    18-Jun-12

    954.17

    96.16

    858.01

    3620.26

    11.89

    9

    18-Jul-12

    954.17

    77.74

    876.43

    2743.83

    9.61

    10

    18-Aug-12

    954.17

    58.92

    895.25

    1848.58

    7.28

    11

    18-Sep-12

    954.17

    39.69

    914.47

    934.11

    4.91

    12

    18-Oct-12

    954.17

    20.06

    934.11

    0.00

    2.48

                 

    Principal

    10000

             

    Installment

    954.17

             

    R.O.I

    14.50%

             

    Tenure

    12

             

    # Government Service Tax calculated @ 12.36% of interest component.

  • Book Encash on www.sbicard .com & get 50% Off on Processing Fees

    1. This Encash ‘50% Processing Fees waiver for online booking’ Offer ("Offer") is made by SBI Cards & Payment Services Pvt. Ltd ("SBICPSL") to certain SBI Credit Card holders ("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 www.sbicard.com, by the eligible cardholders, during the offer period. SBI Cardholders who book Encash on www.sbicard.com during the offer period would be eligible for 50% waiver of the processing fees charged at the time of booking.

    3. The offer is valid from 1st Oct 2013 to 31st Dec 2013. (both days inclusive).

    4. Processing fee would first be levied on the card account at the time of Encash booking. The waived off processing fees (50% of the fees charged) will be credited to the cardholder’s account within 15 working days of the Encash booking done online. The maximum Processing fee waiver that can be earned during the offer period would be INR 975.

    5. The credited amount towards the waived off 50% processing fees will be rolled back/reversed if the cardholder cancels the Encash booking, done online between 1st Oct- 31st Dec, during the offer period. The reversal will happen within 31 days after the offer ends (i.e. by 31st  Jan 2014). .

    6. 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 31 herein below.

    7. The Rate of Interest applicable for Encash facility is card member specific as decided by SBI Cards at its sole discretion and intimated to the cardmember 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%.

    8. 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 SBI Cards. All fees / charges applicable to the facility may or may not be dynamic and are subject to modifications based on SBI Cards periodic internal review. 

    9. 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 SBI Card. 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 upto 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 Rs. 10,000 (Ten Thousand Only).

    10. The aforesaid general terms and conditions dealing with interest rate etc under Clauses 6 to 9 are applicable on all Encash Offerings irrespective of the specific benefits under this Offer. 

    11. The  Cardholders are being offered the option of availing the benefits under this Offer by requesting for a Demand Draft or a Cheque. SBICPSL shall issue either of these two monetary instruments as per choice and request made by the Cardholder.

    12. 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.

    13. The monthly repayment schedule will begin from the SBI 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 SBI 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. SBI Card 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 SBI Cardholder is supposed to pay the MAD in full to avoid getting delinquent.

    19. The SBI 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 31 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 Rs 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.

    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 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 SBI 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 anytime 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. SBI Card 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:

    Sr. No.

    MRA Billing Date* (Rs.)

    MRA$(Rs.)

    Interest(Rs.)

    Principal(Rs.)

    Balance(Rs.)

    GST#(Rs.)

    1

    10/25/2011

    1,833.33

    299.53

    1,533.80

    18,466.20

    37.02

    2

    11/25/2011

    1,833.33

    276.56

    1,556.77

    16,909.43

    34.18

    3

    12/25/2011

    1,833.33

    253.25

    1,580.09

    15,329.34

    31.30

    4

    1/25/2012

    1,833.33

    229.58

    1,603.75

    13,725.59

    28.38

    5

    2/25/2012

    1,833.33

    205.56

    1,627.77

    12,097.82

    25.41

    6

    3/25/2012

    1,833.33

    181.19

    1,652.15

    10,445.67

    22.39

    7

    4/25/2012

    1,833.33

    156.44

    1,676.89

    8,768.78

    19.34

    8

    5/25/2012

    1,833.33

    131.33

    1,702.01

    7,066.77

    16.23

    9

    6/25/2012

    1,833.33

    105.84

    1,727.50

    5,339.28

    13.08

    10

    7/25/2012

    1,833.33

    79.96

    1,753.37

    3,585.91

    9.88

    11

    8/25/2012

    1,833.33

    53.70

    1,779.63

    1,806.28

    6.64

    12

    9/25/2012

    1,833.33

    27.05

    1,806.28

    0.00

    3.34

     

     

     

     

     

     

     

    Request Id

     0000000

     

     

     

     

     

    Principal

     Rs.20,000

     

     

     

     

     

    MRA

     Rs. 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
    # Government Service Tax calculated @ 12.36% 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.

  • Discount offer by Yatra on Air ticket/Holiday for ALL SBI Cardholders

    Terms and Conditions

    1. The marketing programs (“Programs”) from Yatra (“Yatra.com”) and SBI Cards are open to all residents of India holding a SBI credit card.

    2. The discount extended can be availed by the Customers making a full purchase only through their SBI credit card at Yatra’s website www.yatra.com (“Website”).

    3. Customers have to submit promo code i.e. ‘YATRASBI’ in the promo code field on payment page of the Website. The amount of discount received will reflect on next step on Website.

    4. Discount Offer: Validity: Till 30th September 2013.

    I. Domestic Air- 20% off on air tickets (base fare) with Max to Rs. 500 on any Return Air ticket booking and Rs. 250 on one way.

    II. International Air : 20% off on Intl. Air ticket booking max to Rs. 1,000 (Min ticket size of Rs. 30,000).

    III. Domestic Hotel / Holiday : 20% off upto max to Rs. 1,000 on any Hotel booking for more than Rs. 3,000.

    IV. International Holiday: 20% off max to Rs. 2,000 on any Intl. Holiday booking.

    5. Discount will not be valid on cancelled tickets/bookings or for charge back transactions. In case any one-way Air ticket is cancelled, discount will not be valid. Yatra Online reserves the right to reverse the discount in case the ticket/booking is found to be cancelled later.

    6. This offer is not valid for Travel Agents. Yatra reserves the right to recover the discounted amount if such a case is brought or comes to Yatra notice.

    7. This offer is valid for online bookings made on the website www.yatra.com  and Customer would be requiring mentioning the promo code in all the booking on Website. These Discount Offers are not valid for offline bookings made through call centre.

    8. The discount would be provided and applicable only on the base fare and basic tariff (as the case may be), which would be exclusive of all Government levies, statutory taxes and other charges.

    9. All tickets & bookings will be subject to availability at the time of booking and will be governed by the standard airline and hotels terms & conditions.

    10. All standard Terms & Conditions as mentioned on the Yatra Website www.yatra.com and the third party service provider’s terms and conditions would apply.

    11. This offer is not valid for split bookings where customer makes multiple bookings to avail multiple discounts. Yatra reserves the right to recover the discounted amount or cancel the booking if such a case is brought or comes to Yatra notice.

    12. All purchases made under the Promotion shall be subject to applicable cancellation/date change rules. In case of a cancellation, Yatra.com shall reverse the discount and shall not provide additional discount coupons to the customer.

    13. The discounts offered under this Programs cannot be clubbed with any other offer or discount extended by Yatra as part of any other arrangement.

    14. Pictures of products shown in the communication is 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.

    15. Products offered under this Program are subject to availability & Yatra shall not be liable for non-availability.

    16. All Government levies like Sales Tax, TDS, any Local Tax, Octroi etc., shall be payable by the Customer as applicable at the time of booking.

    17. Customers are not bound in any way to participate in the Program. Any such participation is voluntary and the same is being made purely on a “best effort basis”.

    18. Yatra reserves the right to modify or change any of the terms and conditions applicable to the Program/ Discount Offer at any time with/without prior notice.

    19. Any disputes, whatsoever regarding any aspect of the Discount Offer shall be handled in the jurisdiction of the competent courts at Gurgaon, Haryana only.

  • Register & Pay through Auto Bill Pay and Get Rs 500 ebay e-voucher

    1. This is a promotional e-bay voucher offer” (”Offer”) jointly made available by SBI Cards and Payments Services Private Limited (“ SBICPSL”)   under a commercial arrangement with e-bay. This Offer is further made available only to such SBI Cardholders to whom this Offer is communicated through an appropriate medium chosen at the sole option and discretion of SBICPSL.

    2. Under the Offer, SBI Cardholders who use register a new biller for SBI Cards Auto Bill Pay functionality either by calling the SBI Card helpline or Online and make the first payment for the said biller for Rs. 500/- & above during the Promotion Period will be entitled to a e-bay e-voucher (“E-Voucher”) subject to the terms and conditions as contained herein. These terms are jointly set forth by e-bay and SBICPSL and the value of each of the e-bay E-voucher given will be Rs.500 (Five Hundred only).

    3. In order to qualify, a new biller registered on SBI Cards Auto Bill Pay and the first  payment of Rs. 500 or more made to the biller within the Promotion Period of 15th Aug. 2013 to 15th Feb. 2014 using a single Card only. Only transactions logged under the same Card will be counted, and no accumulation of transactions from multiple cards is allowed. 

    4. Cardholders will be eligible for a maximum of 6 vouchers on a single card.

    5. Registrations and Payments made using SBI Card Auto Bill Pay mode will be eligible for the offer. SBI cardholders can register for Auto Bill Pay in either of the 2 ways-
    o Call the SBI Card Helpline
    o Register Online on https://payments.billdesk.com/ubp/sbi/index.jsp

    6. SBI Cardholders who have qualified to receive the E-Vouchers under the Promotion will each receive a unique number (“Unique Redemption Number”) for redemption of e-bay E-Vouchers on www.ebay .in.  The E-Vouchers and respective Unique Redemption Numbers will be sent to the contact details registered with SBI Cards, such as email address and SMS.

    7. The Unique Redemption Number will be sent to the eligible cardholders within 45 days after the transaction has been done.

    8. E-Vouchers can only be redeemed online at www.ebay.in (“ebay India Website”), using the Unique Redemption Number allocated and sent to the qualifying SBI Cardholders. All SBI Cardholders must therefore visit the ebay Website with their Unique Redemption Number in order to redeem their E-Vouchers and use their SBI Card while making the payment.

    9. 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.  

    10. E-Vouchers can only be redeemed/used within the validity period of 6 months from the day the voucher is issued and notified to the SBI Cardholder via the email/SMS containing the Unique Redemption Number.

    11. 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.

    12. SBI Cardholders should check with ebay directly in case of any queries in relation to availability goods & services being purchased using their E-Vouchers.

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

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

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

    16. 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.

    17. 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. 

    18. 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 redemption of the Vouchers under the Promotion, or the selection process under the Promotion except as may be mandated by law.

    19. Every SBI Cardholder who takes part in the Promotion or who uses their SBI card to make utility bill payment using SBI Cards Auto Bill Pay agrees and undertakes to be bound by the terms and conditions stated in this ebay Voucher Offer General Terms And Conditions of Promotion.

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

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

  • Dynamic Flexipay Program - 8% ROI (1st Aug’13 – 30th Sep’13)

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

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

    3. The Flexipay facility may be availed by the SBI credit cardholder by way of telephone and/or   by way of online booking made via www.sbicard.com.   

    4. Any booking under this offer will attract an interest rate of 8% flat on booking a single Flexipay for a minimum amount of Rs. 5000 and above. Additionally a processing fee will be charged on the Flexipay amount at the rate of 2% subject to a minimum of Rs.149/- and a maximum of Rs.750/-.  

    5. Under this offer, the cardholder would be allowed to convert only Retail transactions of Rs. 500 and above only into installments. Interest levied, Fees and Charges, GST and any other charges levied on the card cannot be converted into installments.

     6. This offer on Flexipay is valid from 1st Aug 2013 to 30th Sep 2013 (“Term”). Any bookings made after 30th Sep 2013 will attract an interest rate of 14.5% flat p.a. and  a processing fee of 2% subject to a minimum of Rs.149/- and a maximum of Rs.750/- will be charged without any additional feature mentioned in point 4.  

    7. The offer on Flexipay facility is subject to a minimum single Flexipay booking of Rs.5000 & above. More than one retail transaction of Rs.500 and above can be clubbed together to avail the offer.  The SBI Credit card holder can call up SBI Card help line within 30 days of the purchase / before the payment due date (whichever is earlier) and ask for transfer of the said retail transaction amount to Flexipay. However, if the Flexipay booking is done on the Website, only transactions above Rs. 2500 will be allowed to be converted to Flexipay. 

    8. The Flexipay facility from SBICPSL is available over different tenures of 3, 6, 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 Rs. 50,000.

    9. The reducing interest rate applicable for different tenures are as follows: 

    Tenure

    Reducing interest rate

    (annualized)

    3

    12.0%

    6

    13.6%

    12

    14.5%

    24

    14.7%

    36

    14.5%

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

    11. It is clarified that, if the said retail transaction(s) is /are paid in full the same cannot be converted to Flexipay. If the transaction amount is partially paid and the unpaid amount is equal to Rs.5000 or more, only the unpaid balance amount can be converted to Flexipay.

    12. In case the SBI Credit cardholders has made multiple retail purchase transactions, each one of them more than Rs. 500, then the SBI Credit Cardholders can combine these transactions and move the consolidated purchase amount to the Flexipay Scheme subject to a minimum booking amount of Rs. 5000.  

    13. The Flexipay facility is applicable/available only on retail purchases (subject to minimum single booking of Rs. 5000 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.

    14. 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. 

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

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

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

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

    19.At any given month the portion of the monthly repayment amount applied towards interest is determined by multiplying the reducing interest rate with the principal outstanding after the deduction of the previous month repayment amount. In other words, the reducing rate of interest is the rate which when charged brings the outstanding principal to zero at the end of the tenor, where the interest charged is calculated on a reducing principal balance. Illustrative example of amortization scheduled given in point o. 37.

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

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

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

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

    24. 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 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. SBI Card 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.

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

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

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

    28. 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.

    29. 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).

    30. No request for Flexipay will be entertained within 90 days of SBI Cardholder’s flipping/change of card request.  31. Transfer from one Flexipay to another will not be entertained.

    31. 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.

    32. 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.

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

    34. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on www.sbicard.com

    35. 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.

    36. Illustrative example of amortization schedule:  

     

    Amortization schedule

    Sr. No.

    Billing date

    Installment

    Interest

    Principal

    Balance

    GST#

    1

    18-Nov-11

    954.17

    214.72

    739.44

    9260.56

    26.54

    2

    18-Dec-11

    954.17

    198.85

    755.32

    8505.23

    24.58

    3

    18-Jan-12

    954.17

    182.63

    771.54

    7733.69

    22.57

    4

    18-Feb-12

    954.17

    166.06

    788.11

    6945.59

    20.53

    5

    18-Mar-12

    954.17

    149.14

    805.03

    6140.56

    18.43

    6

    18-Apr-12

    954.17

    131.85

    822.31

    5318.24

    16.30

    7

    18-May-12

    954.17

    114.19

    839.97

    4478.27

    14.11

    8

    18-Jun-12

    954.17

    96.16

    858.01

    3620.26

    11.89

    9

    18-Jul-12

    954.17

    77.74

    876.43

    2743.83

    9.61

    10

    18-Aug-12

    954.17

    58.92

    895.25

    1848.58

    7.28

    11

    18-Sep-12

    954.17

    39.69

    914.47

    934.11

    4.91

    12

    18-Oct-12

    954.17

    20.06

    934.11

    0.00

    2.48

                 

    Principal

    10000

             

    Installment

    954.17

             

    R.O.I

    14.50%

             

    Tenure

    12

             

    # Government Service Tax calculated @ 12.36% of interest component.

     

  • Dynamic Flexipay Program - 9% ROI (1st Aug’13 – 30th Sep’13)

    Flexipay Terms & Condition – 9% interest rate

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

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

    3. The Flexipay facility may be availed by the SBI credit cardholder by way of telephone and/or   by way of online booking made via www.sbicard.com

    4. Any booking under this offer will attract an interest rate of 9% flat on booking a single Flexipay for a minimum amount of Rs. 5000 and above. Additionally a processing fee will be charged on the Flexipay amount at the rate of 2% subject to a minimum of Rs.149/- and a maximum of Rs.750/-.

    5. Under this offer, the cardholder would be allowed to convert only Retail transactions of Rs. 500 and above only into installments. Interest levied, Fees and Charges, GST and any other charges levied on the card cannot be converted into installments.

    6. This offer on Flexipay is valid from 1st Aug 2013 to 30th Sep 2013 (“Term”). Any bookings made after 30th Sep 2013will attract an interest rate of 14.5% flat p.a. and  a processing fee of 2% subject to a minimum of Rs.149/- and a maximum of Rs.750/- will be charged without any additional feature mentioned in point 4.

    7. The offer on Flexipay facility is subject to a minimum single Flexipay booking of Rs.5000 & above. More than one retail transaction of Rs.500 and above can be clubbed together to avail the offer.  The SBI Credit card holder can call up SBI Card help line within 30 days of the purchase / before the payment due date (whichever is earlier) and ask for transfer of the said retail transaction amount to Flexipay. However, if the Flexipay booking is done on the Website, only transactions above Rs. 2500 will be allowed to be converted to Flexipay.

    8. The Flexipay facility from SBICPSL is available over different tenures of 3, 6, 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 Rs. 50,000.

    9. The reducing interest rate applicable for different tenures are as follows:

    Tenure

    Reducing interest rate

    (annualized)

    3

    13.5%

    6

    15.3%

    12

    16.2%

    24

    16.4%

    36

    16.2%

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

    11. It is clarified that, if the said retail transaction(s) is /are paid in full the same cannot be converted to Flexipay. If the transaction amount is partially paid and the unpaid amount is equal to Rs.5000 or more, only the unpaid balance amount can be converted to Flexipay.

    12. In case the SBI Credit cardholders has made multiple retail purchase transactions, each one of them more than Rs. 500, then the SBI Credit Cardholders can combine these transactions and move the consolidated purchase amount to the Flexipay Scheme subject to a minimum booking amount of Rs. 5000.

    13. The Flexipay facility is applicable/available only on retail purchases (subject to minimum single booking of Rs. 5000 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.

    14. 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. 

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

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

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

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

    19.  At any given month the portion of the monthly repayment amount applied towards interest is determined by multiplying the reducing interest rate with the principal outstanding after the deduction of the previous month repayment amount. In other words, the reducing rate of interest is the rate which when charged brings the outstanding principal to zero at the end of the tenor, where the interest charged is calculated on a reducing principal balance. Illustrative example of amortization scheduled given in point No. 37.

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

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

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

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

    24.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 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. SBI Card 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.

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

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

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

    28. 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.

    29.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).

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

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

    32. 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.

    33. 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.

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

    35. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on www.sbicard.com

    36. 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.

    37. Illustrative example of amortization schedule:    

    Amortization schedule

    Sr. No.

    Billing date

    Installment

    Interest

    Principal

    Balance

    GST#

    1

    18-Nov-11

    954.17

    214.72

    739.44

    9260.56

    26.54

    2

    18-Dec-11

    954.17

    198.85

    755.32

    8505.23

    24.58

    3

    18-Jan-12

    954.17

    182.63

    771.54

    7733.69

    22.57

    4

    18-Feb-12

    954.17

    166.06

    788.11

    6945.59

    20.53

    5

    18-Mar-12

    954.17

    149.14

    805.03

    6140.56

    18.43

    6

    18-Apr-12

    954.17

    131.85

    822.31

    5318.24

    16.30

    7

    18-May-12

    954.17

    114.19

    839.97

    4478.27

    14.11

    8

    18-Jun-12

    954.17

    96.16

    858.01

    3620.26

    11.89

    9

    18-Jul-12

    954.17

    77.74

    876.43

    2743.83

    9.61

    10

    18-Aug-12

    954.17

    58.92

    895.25

    1848.58

    7.28

    11

    18-Sep-12

    954.17

    39.69

    914.47

    934.11

    4.91

    12

    18-Oct-12

    954.17

    20.06

    934.11

    0.00

    2.48

                 

    Principal

    10000

             

    Installment

    954.17

             

    R.O.I

    14.50%

             

    Tenure

    12

             

    # Government Service Tax calculated @ 12.36% of interest component.

     

  • Dynamic Flexipay Program - 10% ROI (1st Aug’13 – 30th Sep’13)

    Flexipay Terms & Condition – 10% interest rate

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

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

    3. The Flexipay facility may be availed by the SBI credit cardholder by way of telephone and/or   by way of online booking made via www.sbicard.com

    4. Any booking under this offer will attract an interest rate of 10% flat on booking a single Flexipay for a minimum amount of Rs. 5000 and above. Additionally a processing fee will be charged on the Flexipay amount at the rate of 2% subject to a minimum of Rs.149/- and a maximum of Rs.750/-.

    5. Under this offer, the cardholder would be allowed to convert only Retail transactions of Rs. 500 and above only into installments. Interest levied, Fees and Charges, GST and any other charges levied on the card cannot be converted into installments.

    6. This offer on Flexipay is valid from 1st Aug 2013 to 30th Sep 2013 (“Term”). Any bookings made after 30th Sep 2013will attract an interest rate of 14.5% flat p.a. and  a processing fee of 2% subject to a minimum of Rs.149/- and a maximum of Rs.750/- will be charged without any additional feature mentioned in point 4 

    7. The offer on Flexipay facility is subject to a minimum single Flexipay booking of Rs.5000 & above. More than one retail transaction of Rs.500 and above can be clubbed together to avail the offer.  The SBI Credit card holder can call up SBI Card help line within 30 days of the purchase / before the payment due date (whichever is earlier) and ask for transfer of the said retail transaction amount to Flexipay. However, if the Flexipay booking is done on the Website, only transactions above Rs. 2500 will be allowed to be converted to Flexipay.

    8. The Flexipay facility from SBICPSL is available over different tenures of 3, 6, 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 Rs. 50,000.

    9. The reducing interest rate applicable for different tenures are as follows:

    Tenure

    Reducing interest rate

    (annualized)

    3

    14.9%

    6

    16.9%

    12

    18.0%

    24

    18.2%

    36

    17.9%

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

    11. It is clarified that, if the said retail transaction(s) is /are paid in full the same cannot be converted to Flexipay. If the transaction amount is partially paid and the unpaid amount is equal to Rs.5000 or more, only the unpaid balance amount can be converted to Flexipay.

    12. In case the SBI Credit cardholders has made multiple retail purchase transactions, each one of them more than Rs. 500, then the SBI Credit Cardholders can combine these transactions and move the consolidated purchase amount to the Flexipay Scheme subject to a minimum booking amount of Rs. 5000.

    13.The Flexipay facility is applicable/available only on retail purchases (subject to minimum single booking of Rs. 5000 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.

    14. 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.

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

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

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

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

    19. At any given month the portion of the monthly repayment amount applied towards interest is determined by multiplying the reducing interest rate with the principal outstanding after the deduction of the previous month repayment amount. In other words, the reducing rate of interest is the rate which when charged brings the outstanding principal to zero at the end of the tenor, where the interest charged is calculated on a reducing principal balance. Illustrative example of amortization scheduled given in point No. 37.

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

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

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

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

    24. 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 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. SBI Card 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.

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

    26. In the SBI Cardholder can make request for cancellation of Flexipay by calling the SBI Card helpline.  On receipt of this request, the outstanding Flexipay principal amount is moved back to SBI Cardholders retail balance and a cancellation fee of 3% post 45 days shall be levied on the same. The outstanding principle amount is calculated basis reducing interest rate.

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

    28. 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.

    29. 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).

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

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

    32. 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.

    33. 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.

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

    35. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on www.sbicard.com

    36.  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.

    37. Illustrative example of amortization schedule: 

    Amortization schedule

    Sr. No.

    Billing date

    Installment

    Interest

    Principal

    Balance

    GST#

    1

    18-Nov-11

    954.17

    214.72

    739.44

    9260.56

    26.54

    2

    18-Dec-11

    954.17

    198.85

    755.32

    8505.23

    24.58

    3

    18-Jan-12

    954.17

    182.63

    771.54

    7733.69

    22.57

    4

    18-Feb-12

    954.17

    166.06

    788.11

    6945.59

    20.53

    5

    18-Mar-12

    954.17

    149.14

    805.03

    6140.56

    18.43

    6

    18-Apr-12

    954.17

    131.85

    822.31

    5318.24

    16.30

    7

    18-May-12

    954.17

    114.19

    839.97

    4478.27

    14.11

    8

    18-Jun-12

    954.17

    96.16

    858.01

    3620.26

    11.89

    9

    18-Jul-12

    954.17

    77.74

    876.43

    2743.83

    9.61

    10

    18-Aug-12

    954.17

    58.92

    895.25

    1848.58

    7.28

    11

    18-Sep-12

    954.17

    39.69

    914.47

    934.11

    4.91

    12

    18-Oct-12

    954.17

    20.06

    934.11

    0.00

    2.48

                 

    Principal

    10000

             

    Installment

    954.17

             

    R.O.I

    14.50%

             

    Tenure

    12

             

    # Government Service Tax calculated @ 12.36% of interest component.

     

  • Dynamic Flexipay Program - 16% ROI (1st Aug’13 – 30th Sep’13)

    Flexipay Terms & Condition –16% Interest rate

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

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

    3. The Flexipay facility may be availed by the SBI credit cardholder by way of telephone and/or   by way of online booking made via www.sbicard.com

    4. Any booking under this offer will attract an interest rate of 16% flat p.a. on booking a single Flexipay for a minimum amount of Rs. 2500 and above. Additionally a processing fee will be charged on the Flexipay amount at the rate of 2% subject to a minimum of Rs.149/- and a maximum of Rs.750/-.

    5. This offer on Flexipay is valid from 1st Aug 2013 to 30th Sep 2013 (“Term”). The SBI Credit Card holder can call up the SBI Card Helpline within 30 days of the purchase / before the Payment Due Date (PDD) whichever is earlier and ask for transfer of said retail transaction amount to Flexipay.

    6. The offer on Flexipay facility is subject to a minimum single Flexipay booking of Rs.2500 & above. More than one retail transaction of Rs.2500 and above can be clubbed together to avail the offer. 

    7. The Flexipay facility from SBICPSL is available over different tenures of 6, 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 Rs. 30,000.

    8. The reducing interest rate applicable for different tenures are as follows:

    Tenure

    Reducing interest rate

    (annualized)

    6

    26.9%

    12

    28.3%

    24

    28.2%

    36

    27.5%

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

    10. 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 Rs.2500 or more, only the unpaid balance amount can be converted to Flexipay.

    11. In case the SBI Credit cardholders has made multiple retail purchase transactions, each one of them more than Rs. 2,500, then the SBI Credit Cardholders can combine these transactions and move the consolidated purchase amount to the Flexipay Scheme.

    12. 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.

    13. 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.

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

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

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

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

    18. At any given month the portion of the monthly repayment amount applied towards interest is determined by multiplying the reducing interest rate with the principal outstanding after the deduction of the previous month repayment amount. In other words, the reducing rate of interest is the rate which when charged brings the outstanding principal to zero at the end of the tenor, where the interest charged is calculated on a reducing principal balance. Illustrative example of amortization scheduled given in point No. 36.

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

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

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

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

    23. 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 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. SBI Card 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.

     

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

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

     

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

    27. 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.

    28. 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).

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

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

    31. 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.

    32. 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.

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

    34. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on www.sbicard.com

    35. 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.

    36. Illustrative example of amortization schedule:

    Amortization schedule

    Sr. No.

    Billing date

    Installment

    Interest

    Principal

    Balance

    GST#

    1

    18-Nov-11

    954.17

    214.72

    739.44

    9260.56

    26.54

    2

    18-Dec-11

    954.17

    198.85

    755.32

    8505.23

    24.58

    3

    18-Jan-12

    954.17

    182.63

    771.54

    7733.69

    22.57

    4

    18-Feb-12

    954.17

    166.06

    788.11

    6945.59

    20.53

    5

    18-Mar-12

    954.17

    149.14

    805.03

    6140.56

    18.43

    6

    18-Apr-12

    954.17

    131.85

    822.31

    5318.24

    16.30

    7

    18-May-12

    954.17

    114.19

    839.97

    4478.27

    14.11

    8

    18-Jun-12

    954.17

    96.16

    858.01

    3620.26

    11.89

    9

    18-Jul-12

    954.17

    77.74

    876.43

    2743.83

    9.61

    10

    18-Aug-12

    954.17

    58.92

    895.25

    1848.58

    7.28

    11

    18-Sep-12

    954.17

    39.69

    914.47

    934.11

    4.91

    12

    18-Oct-12

    954.17

    20.06

    934.11

    0.00

    2.48

                 

    Principal

    10000

             

    Installment

    954.17

             

    R.O.I

    14.50%

             

    Tenure

    12

             

    # Government Service Tax calculated @ 12.36% of interest component.

     

  • Dynamic Flexipay Program - 18% ROI (1st Aug’13 – 30th Sep’13)

    Flexipay Terms & Condition –18% Interest rate

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

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

    3. The Flexipay facility may be availed by the SBI credit cardholder by way of telephone and/or   by way of online booking made via www.sbicard.com.   

    4. Any booking under this offer will attract an interest rate of 18% flat p.a. on booking a single Flexipay for a minimum amount of Rs. 2500 and above. Additionally a processing fee will be charged on the Flexipay amount at the rate of 2% subject to a minimum of Rs.149/- and a maximum of Rs.750/-.

    5. This offer on Flexipay is valid from 1st Aug 2013 to 30th Sep 2013 (“Term”). The SBI Credit Card holder can call up the SBI Card Helpline within 30 days of the purchase / before the Payment Due Date (PDD) whichever is earlier and ask for transfer of said retail transaction amount to Flexipay.

    6. The offer on Flexipay facility is subject to a minimum single Flexipay booking of Rs.2500 & above. More than one retail transaction of Rs.2500 and above can be clubbed together to avail the offer.  

    7. The Flexipay facility from SBICPSL is available over different tenures of 6, 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 Rs. 30,000. 

    8. The reducing interest rate applicable for different tenures are as follows:

    Tenure

    Reducing interest rate

    (annualized)

    6

    30.2%

    12

    31.7%

    24

    31.5%

    36

    30.6%

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

    10. 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 Rs.2500 or more, only the unpaid balance amount can be converted to Flexipay.  

    11. In case the SBI Credit cardholders has made multiple retail purchase transactions, each one of them more than Rs. 2,500, then the SBI Credit Cardholders can combine these transactions and move the consolidated purchase amount to the Flexipay Scheme.  

    12. 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.

    13. 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.  

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

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

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

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

    18. At any given month the portion of the monthly repayment amount applied towards interest is determined by multiplying the reducing interest rate with the principal outstanding after the deduction of the previous month repayment amount. In other words, the reducing rate of interest is the rate which when charged brings the outstanding principal to zero at the end of the tenor, where the interest charged is calculated on a reducing principal balance. Illustrative example of amortization scheduled given in point No. 36.  

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

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

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

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

    23. 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 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. SBI Card 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.  

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

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

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

    27. 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. 

    28. 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).  

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

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

    31. 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.  

    32. 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.  

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

    34. This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on www.sbicard.com

    35. 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.

    36. Illustrative example of amortization schedule:    

    Amortization schedule

    Sr. No.

    Billing date

    Installment

    Interest

    Principal

    Balance

    GST#

    1

    18-Nov-11

    954.17

    214.72

    739.44

    9260.56

    26.54

    2

    18-Dec-11

    954.17

    198.85

    755.32

    8505.23

    24.58

    3

    18-Jan-12

    954.17

    182.63

    771.54

    7733.69

    22.57

    4

    18-Feb-12

    954.17

    166.06

    788.11

    6945.59

    20.53

    5

    18-Mar-12

    954.17

    149.14

    805.03

    6140.56

    18.43

    6

    18-Apr-12

    954.17

    131.85

    822.31

    5318.24

    16.30

    7

    18-May-12

    954.17

    114.19

    839.97

    4478.27

    14.11

    8

    18-Jun-12

    954.17

    96.16

    858.01

    3620.26

    11.89

    9

    18-Jul-12

    954.17

    77.74

    876.43

    2743.83

    9.61

    10

    18-Aug-12

    954.17

    58.92

    895.25

    1848.58

    7.28

    11

    18-Sep-12

    954.17

    39.69

    914.47

    934.11

    4.91

    12

    18-Oct-12

    954.17

    20.06

    934.11

    0.00

    2.48

                 

    Principal

    10000

             

    Installment

    954.17

             

    R.O.I

    14.50%

             

    Tenure

    12

             

    # Government Service Tax calculated @ 12.36% of interest component.

     

  • E-statement reward points campaign

    1. E-statement Reward point offer is an offer from SBI Cards & Payment Services Private Limited (“SBICPSL”) on SBI Credit Cards and is open to select residents of India holding a valid SBI Credit card.

    2. This offer is valid till 31st July 2013 unless otherwise specified (“Term”) for, minimum registration period should be at least 3 months.

    3. Under this Offer, SBI Cardholder will earn 250 reward points if the cardholder enrolls for an E-statement facility. This is subject to only one registration per SBI cardholder and not on multiple registration of the same card number. The offer is valid on all SBI credit cards excluding Employee cards, corporate cards, and Non-reward point logo cards, Co-brand and Banking partner logo cards.

    4. The maximum reward points accrued during the offer period will be 250 reward points.

    5. Reward Points are only to be given to the Cardholders who are eligible for the offer. After having regard to the foregoing eligibility criteria, decision of SBICPSL on SBI cardholders is final and binding.

    6. The reward points will be credited to the Cardholder account only after a period of 3 months post registration for an e-statement and also consistently staying on E-statement mode post the initial date of registration.

    7. All the reward points may be redeemed under the Shop and Smile rewards programme whose terms are incorporated herein by reference as integral part of these terms and the Shop & Smile Rewards terms are available on www.sbicard.com. There is reward redemption fee which are applicable if and when the occasion arises.  All these reward points extended under this offer shall be purged and invalid for redemption after 2 years from the date of accrual of reward points as per this offer.

    8. 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.

    9. 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”.

    10. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to this Offer at any time without prior notice.

  • Reward Point Offer on Flexipay booked on www.sbicard.com

    1) The offer is on online booking of Flexipay through www.sbicard.com  and is open only to those SBI credit cardholders ("Cardholders") who have received the offer from SBI Cards and Payment Services Pvt. Ltd ("SBICPSL") through an appropriate medium decided by SBICSPL.

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

    3) The offer is applicable only on Flexipay booked online via www.sbicard.com during the offer period.

    4) Any Flexipay booked online via www.sbicard.com during the offer period will attract reward points (as per the grid below). Additionally a processing fee will be charged on the Flexipay amount at the rate of 2% subject to a minimum of Rs.149/- and a maximum of Rs.750/-.

     

    Card

    Reward Points per online booking

    Maximum Reward points that can be earned during the offer

    SBI Signature Card, SBI Platinum Card, SBI Gold & More Card, Yatra SBI Card

    500

    2000

    SpiceJet SBI Card

    250

    1000

    SBI Railway Card, Railway SBI Platinum Card, SBI Maruti Card, TATA Card

    125

    500

    5) This offer on Flexipay is valid from 15th June 2013 to 30th Sept. 2013 (“Term”). The SBI Credit Card holder can log on to www.sbicard.com within 30 days of the purchase / before the payment due date (whichever is earlier) and Convert the said retail transaction amount to Flexipay.

    6) Maximum Reward points that can be earned by a Cardholder during the offer period are mentioned in the table above. Under no circumstances, more than the specified number of reward points can be earned by a Cardholder during this Offer Term. The reward points earned during the Offer term would be credited to the card holder’s account within 5 working days after Flexipay has been booked online. In case the cardholder cancels the Flexipay booked online during the offer period (between 15th June- 30th Sept), the credited Reward points will be rolled back within 15 days after the offer ends (i.e. by 15th Oct 2013).

    7) The offer is not valid on Credit card[Sheel1]  types, which don't have reward points as feature of card. These terms of offer are in addition to the terms of SBICPSL ‘Shop and Smile’ Reward points program and the two be read in conjunction to each other in assigning any meaning to these terms.

    8) No Reward points will be credited to cardholders who are blocked or delinquent at any time during the offer period from 15th June 2013 to 30th Sept 2013 (Both days inclusive).

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

    10) The Flexipay facility from SBICPSL is available over different tenures of 6, 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 Rs. 30,000.

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

    12) 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 Rs.2500 or more, only the unpaid balance amount can be converted to Flexipay.

    13) The Flexipay facility is applicable/available only on retail purchases 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.

    14) 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.

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

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

    17) A SBI credit card holder can take multiple Flexipay subject to the available credit limit on his SBI Credit Card account.

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

    19) At any given month the portion of the monthly repayment amount applied towards interest is determined by multiplying the reducing interest rate with the principal outstanding after the deduction of the previous month repayment amount. In other words, the reducing rate of interest is the rate which when charged brings the outstanding principal to zero at the end of the tenor, where the interest charged is calculated on a reducing principal balance. Illustrative example of amortization scheduled given in point No. 37.

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

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

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

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

    24) 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 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. SBI Card 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.

    25) 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 the event of cancellation, the reward points earned under the offer would also be rolled back.

    26) The SBI Cardholder can make request for cancellation of Flexipay by calling the SBI Card helpline.  On receipt of this request, the outstanding Flexipay principal amount is moved back to SBI Cardholders retail balance and a cancellation fee of 3% post 45 days shall be levied on the same. The outstanding principle amount is calculated basis reducing interest rate.

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

    28) Booking a Flexipay online on www.sbicard.com 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.

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

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

    31) Transfer from one Flexipay to another will not be entertained.

    32) 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.

    33) 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.

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

    35) This Offer Terms & Conditions shall be read in conjunction with the Flexipay Terms & Conditions available on www.sbicard.com

    36) 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.

    37) Illustrative example of amortization schedule:  

     

    Amortization schedule

    Sr. No.

    Billing date

    Installment

    Interest

    Principal

    Balance

    GST#

    1

    18-Nov-11

    954.17

    214.72

    739.44

    9260.56

    26.54

    2

    18-Dec-11

    954.17

    198.85

    755.32

    8505.23

    24.58

    3

    18-Jan-12

    954.17

    182.63

    771.54

    7733.69

    22.57

    4

    18-Feb-12

    954.17

    166.06

    788.11

    6945.59

    20.53

    5

    18-Mar-12

    954.17

    149.14

    805.03

    6140.56

    18.43

    6

    18-Apr-12

    954.17

    131.85

    822.31

    5318.24

    16.30

    7

    18-May-12

    954.17

    114.19

    839.97

    4478.27

    14.11

    8

    18-Jun-12

    954.17

    96.16

    858.01

    3620.26

    11.89

    9

    18-Jul-12

    954.17

    77.74

    876.43

    2743.83

    9.61

    10

    18-Aug-12

    954.17

    58.92

    895.25

    1848.58

    7.28

    11

    18-Sep-12

    954.17

    39.69

    914.47

    934.11

    4.91

    12

    18-Oct-12

    954.17

    20.06

    934.11

    0.00

    2.48

                 

    Principal

    10000

             

    Installment

    954.17

             

    R.O.I

    14.50%

             

    Tenure

    12

             

    # Government Service Tax calculated @ 12.36% of interest component.

     

  • 50% off on Processing fees for Encash booked on www.sbicard.com

    1. This Encash ‘50% Processing Fees waiver for online booking’ Offer ("Offer") is made by SBI Cards & Payment Services Pvt. Ltd ("SBICPSL") to certain SBI Credit Card holders ("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 www.sbicard.com, by the eligible cardholders, during the offer period. SBI Cardholders who book Encash on www.sbicard.com during the offer period would be eligible for 50% waiver of the processing fees charged at the time of booking.

    3. The offer is valid from 15th June 2013 to 15th Sept. 2013. (both days inclusive).

    4. Processing fee would first be levied on the card account at the time of Encash booking. The waived off processing fees (50% of the fees charged) will be credited to the cardholder’s account within 5 working days of the Encash booking done online. The maximum Processing fee waiver that can be earned during the offer period would be INR 975.

    5. The credited amount towards the waived off 50% processing fees will be rolled back/reversed if the cardholder cancels the Encash booking, done online between 15th June- 15th Sept., during the offer period. The reversal will happen within 30 days after the offer ends (i.e. by 15th Oct 2013). .

    6. 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 31 herein below.

    7. The Rate of Interest applicable for Encash facility is card member specific as decided by SBI Cards at its sole discretion and intimated to the cardmember 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%.

    8. 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 SBI Cards. All fees / charges applicable to the facility may or may not be dynamic and are subject to modifications based on SBI Cards periodic internal review. 

    9. 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 SBI Card. 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 upto 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 Rs. 10,000 (Ten Thousand Only).

    10. The aforesaid general terms and conditions dealing with interest rate etc under Clauses 6 to 9 are applicable on all Encash Offerings irrespective of the specific benefits under this Offer. 

    11. The  Cardholders are being offered the option of availing the benefits under this Offer by requesting for a Demand Draft or a Cheque. SBICPSL shall issue either of these two monetary instruments as per choice and request made by the Cardholder.

    12. 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.

    13. The monthly repayment schedule will begin from the SBI 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 SBI 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. SBI Card 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 SBI Cardholder is supposed to pay the MAD in full to avoid getting delinquent.

    19. The SBI 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 31 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 Rs 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 . Also in all cases of cancellations post 45 days, the fees charged will not be reversible and the same shall be charged to the cardholder.

    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 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.[Sheel1] 

    27. No request from Add-on being additional SBI 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 anytime before the Encash Demand draft / cheque has been honoured/banked.[Sheel2] 

    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. SBI Card 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:

    Sr. No.

    MRA Billing Date* (Rs.)

    MRA$(Rs.)

    Interest(Rs.)

    Principal(Rs.)

    Balance(Rs.)

    GST#(Rs.)

    1

    10/25/2011

    1,833.33

    299.53

    1,533.80

    18,466.20

    37.02

    2

    11/25/2011

    1,833.33

    276.56

    1,556.77

    16,909.43

    34.18

    3

    12/25/2011

    1,833.33

    253.25

    1,580.09

    15,329.34

    31.30

    4

    1/25/2012

    1,833.33

    229.58

    1,603.75

    13,725.59

    28.38

    5

    2/25/2012

    1,833.33

    205.56

    1,627.77

    12,097.82

    25.41

    6

    3/25/2012

    1,833.33

    181.19

    1,652.15

    10,445.67

    22.39

    7

    4/25/2012

    1,833.33

    156.44

    1,676.89

    8,768.78

    19.34

    8

    5/25/2012

    1,833.33

    131.33

    1,702.01

    7,066.77

    16.23

    9

    6/25/2012

    1,833.33

    105.84

    1,727.50

    5,339.28

    13.08

    10

    7/25/2012

    1,833.33

    79.96

    1,753.37

    3,585.91

    9.88

    11

    8/25/2012

    1,833.33

    53.70

    1,779.63

    1,806.28

    6.64

    12

    9/25/2012

    1,833.33

    27.05

    1,806.28

    0.00

    3.34

     

     

     

     

     

     

     

    Request Id

     0000000

     

     

     

     

     

    Principal

     Rs.20,000

     

     

     

     

     

    MRA

     Rs. 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
    # Government Service Tax calculated @ 12.36% 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.

  • E-payments Promotional Campaign

    1. The SBI Card “Payment through NEFT/ATM/PayNet/OTC/Online SBI Offer (“Offer”) is set forth by SBI Cards and Payment Services Private Limited (“SBICPSL”) and is made open to a select category of SBI Credit Cardholders (“Cardholders”) as determined by SBICPSL on its internal policy and to whom this Offer is communicated by a suitable medium decided at the sole option and discretion of SBICPSL

    2. For clarity, it is advised that NEFT/ATM/PayNet/OTC/Online SBI are the payment options provided by SBICPSL to all its credit card holders for paying their monthly SBI credit card bills.

    3. The term of this Offer is between the periods commencing from 1st May 2013 –30th June 2013 both days inclusive unless otherwise specified (“Term”).

    4. A Cardholder shall be eligible to get 100 Reward Points by carrying out payment in the above payment modes during the Offer Term and that he/she shall get another 100 reward points only by conducting second payment as per above payment modes in the succeeding month during the Offer Term. However it is clarified that the maximum  reward points accrued during the Offer period will be 200 reward points only and under no circumstances more than 200 reward points shall accrue to the Cardholder irrespective of any multiple use of the various modes of Payments  during the Offer Term.  .
     
    5. Reward Points are only given to the Cardholders who are eligible for the Offer. (Customers who make payment through NEFT/ATM/PayNet/OTC/Online SBI during the Offer Term

    6. The Offer is valid to all SBI Credit Cards excluding certain nomenclatures of credit cards known as, Advantage Gold, Platinum NRI, Advantage Secured+, Corporate Cards, TATA Cards, SBI LG Card, LG Gold Card, SBI Apna Bazar Card, SBI Adani Supermarkets Card, SBI Pizzahut Card, SBI Hero Honda Card, CSB SBI Gold Cash Back Card,  Dena Bank Gold Card, Dena Bank Intl Card, UBI Gold Card, UBI Intl Card, Social Card Intl, SBI Lifestyle Card, SBI IRCTC Card, CSBI SBI VISA Card, GO Air Gold Card, SBI SpiceJet Card(classic variant), SBI Go Airlines Card, SBI Vishal Mega Mart Card, Dena Bank Secured Card & SBI Maruti Card

    7.  The reward points accruing under this Offer for all SBI credit Cards other than the Co-branded credit cards such as Yatra SBI Card (Titanium), SpiceJet SBI Card (Titanium), Bank of Maharashtra SBI Secured  Visa Platinum Card, Bank of Maharashtra SBI Visa Gold & More Card, Bank of Maharashtra SBI secured Gold & More Card, KARUR VYSYA BANK SBI Secured Visa Platinum Card, KARUR VYSYA BANK SBI Visa Gold & More Card, KARUR VYSYA BANK SBI Secured Gold & More Card, Oriental Bank of Commerce SBI secured Visa Platinum Card, Oriental Bank of Commerce SBI Visa Gold & More Card, Oriental Bank of Commerce SBI secured Gold & More Card, KARUR VYSYA BANK Platinum Card, Bank of Maharashtra SBI Visa Platinum Card, Oriental Bank of Commerce SBI Visa Platinum Card are under the aegis of the Shop and Smile rewards programme, a variant of rewards programme set forth by SBICPSL and are accordingly governed by the general terms and conditions of the Shop & Smile Reward Program which are incorporated herein by reference and are available on https://www.sbicard.com/rewards/index.html.

    8. For the co-branded credit cards such as Yatra SBI Card (Titanium), SpiceJet SBI Card (Titanium), Bank of Maharashtra SBI Secured  Visa Platinum Card, Bank of Maharashtra SBI Visa Gold & More Card, Bank of Maharashtra SBI secured Gold & More Card, KARUR VYSYA BANK SBI Secured Visa Platinum Card, KARUR VYSYA BANK SBI Visa Gold & More Card, KARUR VYSYA BANK SBI Secured Gold & More Card, Oriental Bank of Commerce SBI secured Visa Platinum Card, Oriental Bank of Commerce SBI Visa Gold & More Card, Oriental Bank of Commerce SBI secured Gold & More Card, KARUR VYSYA BANK Platinum Card, Bank of Maharashtra SBI Visa Platinum Card, Oriental Bank of Commerce SBI Visa Platinum Card, Bank of Maharashtra Visa Platinum Card, Oriental Bank of Commerce SBI Visa Platinum the reward points are governed by the reward program of the respective co-brands and are also incorporated herein by reference and are made available on www.sbicard.com

    9.There is a separate Reward Redemption fee made applicable on every redemption request and the same may be communicated to the Cardholder at the time of redemption and if and when the occasion arises. The Redemption fee will be levied once if all redemptions are made on a single day; multiple Redemption fees will be levied if redemptions are done on multiple days.

     10. All reward points extended under this Offer shall be purged and invalidated for redemption after 2 years from the date of accrual of reward points as per this Offer.  

    11. As a system oriented process, it is stipulated the accumulated Reward Points for the offer will be credited at the end of the Offer period and latest by 31st July 2013.

    12. It is clarified that the Reward Points will not be credited to SBI credit cardholders who are not current or are delinquent or blocked at the end of the Offer Term period or at the time of crediting of the Reward points. Accordingly being an active and non-excluded category in accordance to the foregoing is one of the material conditions for availing benefits under this Offer and any default therein renders the cardholder ineligible at all such times.

    13. This Offer is being extended on a best effort basis and the participation by any SBI Cardholder is purely voluntary. SBICPSL shall not have any liability pertaining to any actions, claims, demands, losses, damages, costs, charges and expenses which the SBI credit cardholder may suffer or incur by way of his/her participation in this Offer. Accordingly all indirect, incidental, consequential and punitive damages are specifically disclaimed by SBICPSL.

    14. 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.
     
    15. SBICPSL reserves the right to modify or change any of the terms and conditions applicable to this Offer at any time without prior notice.

  • Contest for SpiceJet SBI Cardholders : Tickets to watch Sunrisers Hyderabad (April 29-May 05,2013)

    • This marketing program (“Programme”) is from SBI Card & Payment Services Private Ltd. (“SBICPSL”) under an arrangement with SpiceJet Limited. The Programme and offer thereto is open to all residents of Hyderabad holding a valid and current SpiceJet SBI Credit Card (“Cardholder”) and to whom a communication to this effect is sent by SBICPSL.

    • The offer is open from 29th April, 2013 to 05th May, 2013.

    • To be eligible to participate, the cardholder must  book SpiceJet tickets with SpiceJet SBI Card between 29th April, 2013 to 05th May, 2013 through website- www.spicejet.com or SpiceJet Reservations Centre by calling at 9871803333 or at SpiceJet  Airport counters only

    • Top 15 spenders during the offer period would be declared the winners . Each winner would be entitled to 2 General Stand  tickets for Sunriser's Hyderabad match in home ground (Hyderabad) either on 8th /17th /19th May 2013 held at Rajiv Gandhi International Cricket Stadium in Hyderabad only, depending on the selection criteria.

    • SpiceJet/ SBICPSL shall not be responsible for travel arrangements to/from Hyderabad or any stay arrangements or any ancillary arrangements/costs related to watching of the cricket match.

    • Winners will be called /sent an email with the details to collect the tickets from SpiceJet representative in Hyderabad. Any clarifications, customer complaints regarding the same shall be resolved between the customer and SpiceJet. SpiceJet shall also be responsible  for handing over the valid ticket to the winner cardholder. SBICPSL shall not be responsible and/or liable for the same under any conditions whatsoever.

    • These tickets are neither assignable nor transferable and cannot be exchanged for cash or be clubbed with other offers.

    • The Participant hereby agrees that he/she can be called/awarded as a winner only once during the duration of the contest. Repetition to be a winner in the contest will not be applicable and accepted and the prize will get distributed to other eligible participants.

    • The SpiceJet / SBICPSL decision will be final and binding upon the participant and shall have no right to object.

    • The participants/winners understands and agrees and grants permission to SBICPSL / SpiceJet and its affiliates, to click photographs and use their names, photocopy, preferences, voice and comments for advertising and promotional purposes in any media worldwide, without any additional compensation whatsoever. The participant including the winner hereby understands and gives his/ her irrevocable consent for sharing /submission of his/her personal information.

    • No communication can be entertained regarding status of contest entry or claims. SBICPSL / SpiceJet reserves the right to modify, alter, amend or change any of the terms and conditions made applicable to the contest at any time without prior notice.

    • The participants/winners understand and agree that  SBICPSL / SpiceJet shall not be liable for any loss or damage whatsoever that may be suffered, or for any personal loss or injury that may be suffered (including loss of life), to a participants/winners and/or any third party, directly or indirectly, by use or non-use of the tickets.

    • SBICPSL/SpiceJet shall not be held responsible if the cricket match is abandoned or not held due to any reason nor request should be entertained for providing tickets for alternate dates.

    • Any query regarding the offer will be entertained till May19, 2013. Post such date, SBICPSL will not entertain any correspondence or communication regarding this Programme from any cardholder.

    • Under no circumstance will the offer/discount being offered under this Programme be settled with cash in lieu by SBICPSL or by SpiceJet.

    • SBICPSL will not entertain any correspondence regarding the validity or acceptability of any additional benefits/discounts offered by SpiceJet on its products/services and the same shall be at the sole risk and consequences of SpiceJet and without reference to SBICPSL-

    • Cardholders are not bound in any way to participate in the Programme. Any such participation is voluntary and the same is being made purely on a “best effort basis”.

    • The Terms & Conditions of this contest are subject to laws of India and to the exclusive jurisdiction of the Courts at Delhi.

  • Contest for SpiceJet SBI Cardholders : Tickets to watch Sunrisers Hyderabad (May 13,2013)

    • This marketing program (“Programme”) is from SBI Card & Payment Services Private Ltd. (“SBICPSL”) under an arrangement with SpiceJet Limited. The Programme and offer thereto is open to all residents of Hyderabad holding a valid and current SpiceJet SBI Credit Card (“Cardholder”) and to whom a communication to this effect is sent by SBICPSL

    • The offer  is open valid on 13th May’13 only

    • To be eligible to participate, the cardholder must  book SpiceJet tickets with SpiceJet SBI Card on 13th May, 2013 through website- www.spicejet.com or SpiceJet Reservations Centre by calling at 9871803333 or at SpiceJet  Airport counters only

    • Top 2 spenders during the offer period would be declared the winners . Each winner would be entitled to 2 Box tickets each for Sunriser's Hyderabad match in home ground (Hyderabad) either on 17th May 2013 or 19th May 2013 held at Rajiv Gandhi International Cricket Stadium in Hyderabad only, depending on the selection criteria.

    • SpiceJet/ SBICPSL shall not be responsible for travel arrangements to/from Hyderabad or any stay arrangements or any ancillary arrangements/costs related to watching of the cricket match.

    • Winners will be called /sent an email with the details to collect the tickets from SpiceJet representative in Hyderabad. Any clarifications, customer complaints regarding the same shall be resolved between the customer and SpiceJet. SpiceJet shall also be responsible  for handing over the valid ticket to the winner cardholder. SBICPSL shall not be responsible and/or liable for the same under any conditions whatsoever.

    • These tickets are neither assignable nor transferable and cannot be exchanged for cash or be clubbed with other offers.

    • The Participant hereby agrees that he/she can be called/awarded as a winner only once during the duration of the contest. Repetition to be a winner in the contest will not be applicable and accepted and the prize will get distributed to other eligible participants.

    • The SpiceJet / SBICPSL decision will be final and binding upon the participant and shall have no right to object.

    • The participants/winners understands and agrees and grants permission to SBICPSL / SpiceJet and its affiliates, to click photographs and use their names, photocopy, preferences, voice and comments for advertising and promotional purposes in any media worldwide, without any additional compensation whatsoever. The participant including the winner hereby understands and gives his/ her irrevocable consent for sharing /submission of his/her personal information.

    • No communication can be entertained regarding status of contest entry or claims. SBICPSL / SpiceJet reserves the right to modify, alter, amend or change any of the terms and conditions made applicable to the contest at any time without prior notice.

    • The participants/winners understand and agree that  SBICPSL / SpiceJet shall not be liable for any loss or damage whatsoever that may be suffered, or for any personal loss or injury that may be suffered (including loss of life), to a participants/winners and/or any third party, directly or indirectly, by use or non-use of the tickets.

    •  SBICPSL/SpiceJet shall not be held responsible if the cricket match is abandoned or not held due to any reason nor request should be entertained for providing tickets for alternate dates.

    • Any query regarding the offer will be entertained till May19, 2013. Post such date, SBICPSL will not entertain any correspondence or communication regarding this Programme from any cardholder.

    • Under no circumstance will the offer/discount being offered under this Programme be settled with cash in lieu by SBICPSL or by SpiceJet.

    • SBICPSL will not entertain any correspondence regarding the validity or acceptability of any additional benefits/discounts offered by SpiceJet on its products/services and the same shall be at the sole risk and consequences of SpiceJet and without reference to SBICPSL-

    • Cardholders are not bound in any way to participate in the Programme. Any such participation is voluntary and the same is being made purely on a “best effort basis”.

    • The Terms & Conditions of this contest are subject to laws of India and to the exclusive jurisdiction of the Courts at Delhi.

  • Croma 5X Offer T&C

    1. This marketing program (“Program”) is from SBI Card & Payment Services Private Ltd. (“SBICPSL”) under an arrangement with Infiniti Retail Limited (“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. This program is not valid on SBI Corporate Cards.

    2. The validity of the program (“Term”) is for one day of 25th April’13, unless extended by SBICPSL and the Merchant.

    3. As part of this Programme, Cardholders can avail 5X reward points on online purchases worth Rs.5001 and above made at www.cromaretail.com. The payment must be made using a valid SBI Credit Card.

    4. Cardholders will also be able to avail the below products at a discounted price:

      

    Sr No Article Description MRP SBI Special Offer Coupon Code
    1 Logitech H800 Wireless Headset 6,045.00 2799.00 69A0DB29
    2 Sandisk  Blade Pendrive 32GB 1,499.00 949.00 09FEEB2E
    3 Forward Backpack Knox BP0 39.6 2399.00 649.00 9BBE316F
    4 Philips DVD Player DVP3608 Shakti 3499.00 1899.00 2B7BEF1A

     To avail the discount cardholder will have to enter the coupon code after selecting the above product in the field coupon code field. This coupon code field is pops up on the screen as soon as you choose the product and click on ‘Buy’. 
    Only one coupon code per card will be issued and offer is valid till stock lasts.

    5. All eligible 5X reward points shall be credited to the SBI Credit Card account by, 30th of May, 2013.

    6. There is a separate Reward Redemption fee made applicable on every redemption request and the same may be communicated to the Cardholder at the time of redemption and if and when the occasion arises. The Redemption fee will be levied once if all redemptions are made on a single day; multiple Redemption fees will be levied if redemptions are done on multiple days.

    7. 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. However it is clarified that all Reward Points earned through this Offer will become a part of the customer’s Rewards Balance under the Shop & Smile Rewards Program and accordingly the Shop & Smile Program terms and conditions as available on https://www.sbicard.com/rewards/index.html is applicable and incorporated herein by reference.

    8. Any query regarding the Programme will be entertained till 26th of April’13. Any query pertaining to 5X reward points not received, will be entertained only till the 30th of June’13. Post these mentioned dates; SBICPSL will not entertain any correspondence or communication regarding this Programme from any Cardholder.

    9. SBICPSL does not endorse the products or brands being offered as part of the Programme and accordingly will not accept any responsibility and/or liability pertaining to the quality, delivery or after sales service of such products, which shall be the sole and exclusive liability of the 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 as part 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 under 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, Local Tax, Octroi etc., shall be payable by the Cardholder as applicable.

    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. 

  • 10X Rewards on International Spends between Apr 15, 2013 to Jun 30, 2013

    1. This  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 ('Cardholder') i.e., with no outstanding of more than 30 days

    2. Under this Offer, a Cardholder can avail 10X Reward Points on all International Spends, i.e. transactions/purchases made using foreign currency

    3. The Offer is valid on all qualifying transactions as defined above  carried out  between 15th April'13 and 30th June'13 (both days included) unless otherwise specified ('Term').

    4. SBICPSL reserves the sole right to decide whether a purchase meets the eligibility criteria as listed above.

    5. Reward Points will be credited to the SBI Card customer's account on or before 31st July 2013.

    6. There is a separate Reward Redemption fee made applicable on every redemption request and the same may be communicated to the Cardholder at the time of redemption and if and when the occasion arises. The Redemption fee will be levied once if all redemptions are made on a single day; multiple Redemption fees will be levied if redemptions are done on multiple days.

    7. Any query regarding the program will be entertained till 15th Aug 2013. SBICPSL will not entertain any correspondence or communication regarding this offer post 15th Aug 2013.

    8. 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. However it is clarified that all Bonus Reward Points earned through this Offer will become a part of the customer’s Rewards Balance under the Shop & Smile Rewards Program and accordingly the Shop & Smile Program terms and conditions as available on www.sbicard.com is applicable and incorporated herein by reference.

    9. 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.

    10. 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'.

    11.  SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time without prior notice.

  • Get American Tourister bag OR Victorinox Organizer on International Spends between Apr 15, 2013 to Jun 30, 2013

    1. This  SBI Credit Card Offer ('Offer') is from SBI Cards & Payment Services Private Ltd. ('SBICPSL') and is open to  select residents of India holding a valid and current SBI Credit Card ('Cardholder') i.e., with no outstanding of more than 30 days.

    2. Under this Offer, eligibility will be calculated basis International Spends, i.e. transactions/purchases made using foreign currency.

    3. The Offer is valid on all qualifying transactions, as defined above, made between 15th April'13 and 30th June'13 (both days included) unless otherwise specified ('Term').

    4. Under this Offer, a Cardholder will be eligible for a gift if he/she fulfills the below mentioned criteria.

    a. If the customer crosses the specified International Spends threshold as prescribed by SBICPSL by a communication sent directly to the Cardholders  (ex-SMS, EDM, etc. or as  deemed suitable at the sole discretion and option of  SBICPSL)

    b. The gift will be as per the offer communication sent to the Cardholder

    c. The eligibility for the gift  will basis  all qualifying transactions/purchases made by using SBI credit Card in foreign currency during the Offer Term as per below slabs:

    (i) Rs. 30,000 to Rs. 50,000: Victorinox Travel Document Organizer
    (ii) Above Rs. 50,000: American Tourister back-pack

    5.  The gift will be given only to the Cardholders who are eligible as a part of the Offer on their SBI Credit Card.  Decision of SBICPSL about eligibility of cardholders is final and binding on the Cardholders.

    6. The Gift will be delivered to the Cardholder at the registered address of the Cardholder as per records available with SBICPSL on or before 20th August 2013.

    7. In the scenario that SBICPSL is unable to deliver the gift at the registered address, SBICPSL will be able to resend the gift if eligible customers contact SBICPSL before August 31, 2013.

    8. Any query regarding the program will be entertained till 31st August 2013. SBICPSL will not entertain any correspondence or communication regarding this offer post 31st August, 2013

    9.  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.

    10.  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.

    11.  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'.

    12.  SBICPSL reserves the right to modify or change any of the terms and conditions applicable to the Offer at any time without prior notice.

  • Upto 7.5% discount at Flemingo

    1. This offer is applicable to all SBI Card ("SBICPSL") customers on their Visa Credit card ("Visa")
    2. The program is fully managed by a 3rd party, Flemingo Duty Free Shops Pvt Ltd., who are responsible for ensuring discounts are honored, complaints management and customer service.
    3. Flemingo Duty Free Shops Pvt Ltd. will continuously update products offered under promotion.
    4. Discounts :
    a. 7.5% on non - promotion above $65
    b. 5% on promotion above $75
    5. Valid from 1 June 2012 till 31 May 2013  ("Offer Term")
    6. Offer is valid for participating locations only. Participating locations are:
    a. International Airports in India:
    b. Amritsar, Jaipur, Ahmadabad, Pune, Goa, Trivandrum, Chennai, Kolkata, Lucknow, Mangalore, Calicut, Border Shop at Wagah Border, Amritsar, India.
    c. Port Shops in India: Mundra, Mumbai, Goa, Vizag, Mangalore, Chennai, Paradeep, Haldia
    d. International Airport , Sri Lanka: Colombo
    7. No two offers can be clubbed together.
    8. Total bill must be paid with a valid SBI Visa Card to receive the offer.

    Disclaimer : The products & services offered under this program are at the sole responsibility of the participating Merchants, at their exclusive costs consequences. SBICPSL does not have any role whatsoever in this regard. Furthermore, SBICPSL does not endorse, nor recommends the quality of the products or services being made available under this programme. SBICPSL has no liability with respect to the same. Terms & Conditions apply. These programs/offers are brought to you by Visa.

  • 2% Cash Back

    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 Rs.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 Rs.250 as Cash Back. Total Cash Back amount per account will not exceed Rs.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% Cash Back

    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 Cash Back 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 Rs. 100 Cash Back if he/she spends a total of Rs. 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 Rs. 100 Cash Back. Total Cash Back per account will not exceed Rs. 100.

    • Rs. 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 Cash Back on Rs. 1500 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 Rs. 150 Cash Back if he/she spends a total of Rs. 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 Rs. 150 Cash Back. Total Cash Back per account will not exceed Rs. 150.

    • Rs. 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 Cash Back on Rs. 1000 Fuel spends on SBI Gold & More 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 Rs. 100 Cash Back if he/she spends a total of Rs. 1000 or more using their SBI Credit Card during the Term.

    • Offer is applicable only on Fuel spends undertaken on SBI Gold & More 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 Rs. 100 Cash Back. Total Cash Back per account will not exceed Rs. 100.

    • Rs. 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 Cash Back on Rs. 2000 spends on SBI Gold Classic 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 Rs. 100 Cash Back if he/she spends a total of Rs. 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 Rs. 100 Cash Back. Total Cash Back per account will not exceed Rs. 100.

    • Rs. 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.

  • 2000 Cash Points on SBI Gold & More Cards

    Terms & Conditions:

    • The SBI Card Offer (“Offer”) from SBI Cards & Payment Services Private Ltd. (“SBICPSL”) is open to select customers (“Cardholder”), 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 gets 2000 Cash Points, if he/she spends Rs. 2000 or more during the Term.

    • Offer is applicable only on total retail spends undertaken on SBI Card credit cards. The offer does not include Fuel, ATM Cash Withdrawal, Easy Bill Pay, Balance Transfer, Encash and Easy Money draft (EMD) products for SBI Card.

    • Cash Points are 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 Points will be credited to the SBI Card customer’s account within 30 days post completion of the offer.

    • Cash Points can be used to pay your outstanding balance or exchange for exciting gifts from the Rewards Catalogue under the Shop & Smile Rewards Program.

    • Any query regarding the program will be entertained for 30 days post offer completion. SBICPSL will not entertain any correspondence or communication regarding this offer post 30 days post offer completion.

    • 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.

    • 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.

    • 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”.

  • KYC T&C for 500 Reward Points (1st Mar'13 – 30th Apr'13)

    1) The term of this offer is between the period commencing from 1st March 2013 – 30th April 2013 

    2) Under this Offer SBI Cardholder will earn 500 reward points if the KYC declaration form along with the advised documents are submitted within the above mentioned term

    3) The maximum bonus reward points accrued during the offer period will be 500 reward points.

    4) Reward Points are only to be given to the Cardholders who are eligible for the offer. Decision of SBICPSL on eligible cardholders is final and binding.

    5) The reward points will be credited to the Cardholder account by 31st August 2013.

    6) The reward points offer is not applicable for GE Capital Business Process Management Services (GECBPMSL) & SBI Cards Payment Services Limited (SBICPSL) employees

    7) All the reward points may be redeemed under a variety of reward programme sponsored by SBICPSL and referred to as the Shop and Smile rewards programme. All these reward points extended under this offer shall be purged and invalidated for redemption after 2 years from the date of accrual of reward points as per this offer.

    8) The Shop & Smile rewards will be made applicable concurrently on this offer and a redemption fee will applicable incase of redemptions if and when the occasion arises
     
    9) 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.

    10) 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”.

    11) SBICPSL reserves the right to modify or change any of the terms and conditions applicable to this Offer at any time without prior notice.





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