| Min Age | |
| Max Age | |
| Min Salary | |
| Resident Status | |
| Others |
| Type | Charges |
|---|---|
| Joining Fee | |
| Annual Fee | Annual fee for one time Rs. 500 & Renewal fee per annum Rs 300 |
| Add-on Card Joining Fee | Nil |
| Add-on Card Annual Fee | Nil |
| Card Replacement Fee (lost or stolen or re -issue) | Rs 100 |
| Cash Payment Fee | Rs 100 |
| Duplicate Statement Fee | Rs. 100 per statement that is more than 2 months old |
| Chargeslip Retrieval Fee or Copy Request Fee | Rs 225 per chargeslip |
| Outstation Cheque Fee | |
| Mobile Alerts for Transactions | |
| Hotlisting Charges | |
| Balance Enquiry Charges | |
| Finance Charges (Retail Purchases & Cash) | Up to 3.35% per month accounting to 40.2% per annum from the date of withdrawal |
| Cash Withdrawal Fees | |
| Overdue Penalty or Late Payment Fee | Nil for total amount due from Rs. 0 to Rs. 200 Rs. 100 for total amount due greater than Rs. 200 and |
| Over Limit Penalty | 2.5% of overlimit amount subject to a minimum of Rs. 500 |
| Cheque return or dishonour Fee or Auto-debit Reversal | 2% of the payment amount, subject to a minimum of Rs. 350 |
| Surcharge on purchase or cancellation of Railway Tickets | Rs. 30 + 2.5% of transaction amount |
| Foreign Currency Transaction Fee | Conversion mark up - 3.5% |
| Service Tax |
| Min Age | |
| Max Age | |
| Min Salary | |
| Resident Status | |
| Others |
| Type | Charges |
|---|---|
| Joining Fee | |
| Annual Fee | Rs 499 |
| Add-on Card Joining Fee | |
| Add-on Card Annual Fee | Nil |
| Card Replacement Fee (lost or stolen or re -issue) | Rs 100 |
| Cash Payment Fee | Rs 100 |
| Duplicate Statement Fee | Rs. 100 per statement that is more than 2 months old |
| Chargeslip Retrieval Fee or Copy Request Fee | Rs 225 per charge slip |
| Outstation Cheque Fee | |
| Mobile Alerts for Transactions | |
| Hotlisting Charges | |
| Balance Enquiry Charges | |
| Finance Charges (Retail Purchases & Cash) | Up to 3.35% per month accounting to 40.2% per annum from the date of withdrawal |
| Cash Withdrawal Fees | |
| Overdue Penalty or Late Payment Fee | Nil for total amount due from Rs. 0 to Rs. 200 Rs. 100 for total amount due greater than Rs. 200 and |
| Over Limit Penalty | 2.5% of overlimit amount subject to a minimum of Rs. 500 |
| Cheque return or dishonour Fee or Auto-debit Reversal | 2% of the payment amount, subject to a minimum of Rs. 350 |
| Surcharge on purchase or cancellation of Railway Tickets | Rs. 30 + 2.5% of transaction amount |
| Foreign Currency Transaction Fee | Conversion mark up - 3.5% |
| Service Tax |
| Min Age | |
| Max Age | |
| Min Salary | |
| Resident Status | |
| Others |
| Type | Charges |
|---|---|
| Joining Fee | |
| Annual Fee | Rs 499 |
| Add-on Card Joining Fee | |
| Add-on Card Annual Fee | Nil |
| Card Replacement Fee (lost or stolen or re -issue) | Rs 100 |
| Cash Payment Fee | Rs 100 |
| Duplicate Statement Fee | Rs. 100 per statement that is more than 2 months old |
| Chargeslip Retrieval Fee or Copy Request Fee | Rs 225 per chargeslip |
| Outstation Cheque Fee | |
| Mobile Alerts for Transactions | |
| Hotlisting Charges | |
| Balance Enquiry Charges | |
| Finance Charges (Retail Purchases & Cash) | Up to 3.35% per month accounting to 40.2% per annum from the date of withdrawal |
| Cash Withdrawal Fees | |
| Overdue Penalty or Late Payment Fee | Nil for total amount due from Rs. 0 to Rs. 200 Rs. 100 for total amount due greater than Rs. 200 and |
| Over Limit Penalty | 2.5% of overlimit amount subject to a minimum of Rs. 500 |
| Cheque return or dishonour Fee or Auto-debit Reversal | 2% of the payment amount, subject to a minimum of Rs. 350 |
| Surcharge on purchase or cancellation of Railway Tickets | Rs. 30 + 2.5% of transaction amount |
| Foreign Currency Transaction Fee | Conversion mark up - 3.5% |
| Service Tax |
| Min Age | |
| Max Age | |
| Min Salary | |
| Resident Status | |
| Others |
| Type | Charges |
|---|---|
| Joining Fee | |
| Annual Fee | Rs 499 |
| Add-on Card Joining Fee | |
| Add-on Card Annual Fee | Nil |
| Card Replacement Fee (lost or stolen or re -issue) | Rs 100 |
| Cash Payment Fee | Rs 100 |
| Duplicate Statement Fee | Rs. 100 per statement that is more than 2 months old |
| Chargeslip Retrieval Fee or Copy Request Fee | Rs 225 per charge slip |
| Outstation Cheque Fee | |
| Mobile Alerts for Transactions | |
| Hotlisting Charges | |
| Balance Enquiry Charges | |
| Finance Charges (Retail Purchases & Cash) | Up to 3.35% per month accounting to 40.2% per annum from the date of withdrawal |
| Cash Withdrawal Fees | |
| Overdue Penalty or Late Payment Fee | Nil for total amount due from Rs. 0 to Rs. 200 Rs. 100 for total amount due greater than Rs. 200 and |
| Over Limit Penalty | 2.5% of overlimit amount subject to a minimum of Rs. 500 |
| Cheque return or dishonour Fee or Auto-debit Reversal | 2% of the payment amount, subject to a minimum of Rs. 350 |
| Surcharge on purchase or cancellation of Railway Tickets | Rs. 30 + 2.5% of transaction amount |
| Foreign Currency Transaction Fee | Conversion mark up - 3.5% |
| Service Tax |
| Min Age | |
| Max Age | |
| Min Salary | |
| Resident Status | |
| Others |
| Type | Charges |
|---|---|
| Joining Fee | |
| Annual Fee | Rs 2999 |
| Add-on Card Joining Fee | |
| Add-on Card Annual Fee | Nil |
| Card Replacement Fee (lost or stolen or re -issue) | Rs 100 |
| Cash Payment Fee | Rs 100 |
| Duplicate Statement Fee | Rs. 100 per statement that is more than 2 months old |
| Chargeslip Retrieval Fee or Copy Request Fee | Rs 225 per chargeslip |
| Outstation Cheque Fee | |
| Mobile Alerts for Transactions | |
| Hotlisting Charges | |
| Balance Enquiry Charges | |
| Finance Charges (Retail Purchases & Cash) | |
| Cash Withdrawal Fees | |
| Overdue Penalty or Late Payment Fee | Nil for total amount due from Rs. 0 to Rs. 200 Rs. 100 for total amount due greater than Rs. 200 and |
| Over Limit Penalty | 2.5% of overlimit amount subject to a minimum of Rs. 500 |
| Cheque return or dishonour Fee or Auto-debit Reversal | 2% of the payment amount, subject to a minimum of Rs. 350 |
| Surcharge on purchase or cancellation of Railway Tickets | Rs. 30 + 2.5% of transaction amount |
| Foreign Currency Transaction Fee | Conversion mark up - 3.5% |
| Service Tax |
| Min Age | |
| Max Age | |
| Min Salary | |
| Resident Status | |
| Others |
| Type | Charges |
|---|---|
| Joining Fee | |
| Annual Fee | Rs 750 |
| Add-on Card Joining Fee | |
| Add-on Card Annual Fee | Nil |
| Card Replacement Fee (lost or stolen or re -issue) | Rs 100 |
| Cash Payment Fee | Rs 100 |
| Duplicate Statement Fee | Rs. 100 per statement that is more than 2 months old |
| Chargeslip Retrieval Fee or Copy Request Fee | Rs 225 per chargeslip |
| Outstation Cheque Fee | |
| Mobile Alerts for Transactions | |
| Hotlisting Charges | |
| Balance Enquiry Charges | |
| Finance Charges (Retail Purchases & Cash) | |
| Cash Withdrawal Fees | |
| Overdue Penalty or Late Payment Fee | Nil for total amount due from Rs. 0 to Rs. 200 Rs. 100 for total amount due greater than Rs. 200 and |
| Over Limit Penalty | 2.5% of overlimit amount subject to a minimum of Rs. 500 |
| Cheque return or dishonour Fee or Auto-debit Reversal | 2% of the payment amount, subject to a minimum of Rs. 350 |
| Surcharge on purchase or cancellation of Railway Tickets | Rs. 30 + 2.5% of transaction amount |
| Foreign Currency Transaction Fee | Conversion mark up - 3.5% |
| Service Tax |
| Min Age | |
| Max Age | |
| Min Salary | |
| Resident Status | |
| Others |
| Type | Charges |
|---|---|
| Joining Fee | |
| Annual Fee | Rs 2999 |
| Add-on Card Joining Fee | |
| Add-on Card Annual Fee | Nil |
| Card Replacement Fee (lost or stolen or re -issue) | Rs 100 |
| Cash Payment Fee | Rs 100 |
| Duplicate Statement Fee | Rs. 100 per statement that is more than 2 months old |
| Chargeslip Retrieval Fee or Copy Request Fee | Rs 225 per chargeslip |
| Outstation Cheque Fee | |
| Mobile Alerts for Transactions | |
| Hotlisting Charges | |
| Balance Enquiry Charges | |
| Finance Charges (Retail Purchases & Cash) | Up to 2.50% per month, accounting to 30% per annum, from the date of transaction |
| Cash Withdrawal Fees | |
| Overdue Penalty or Late Payment Fee | Nil for total amount due from Rs. 0 to Rs. 200 Rs. 100 for total amount due greater than Rs. 200 and |
| Over Limit Penalty | 2.5% of overlimit amount subject to a minimum of Rs. 500 |
| Cheque return or dishonour Fee or Auto-debit Reversal | 2% of the payment amount, subject to a minimum of Rs. 350 |
| Surcharge on purchase or cancellation of Railway Tickets | Rs. 30 + 2.5% of transaction amount |
| Foreign Currency Transaction Fee | Conversion mark up - 3.5% |
| Service Tax |
| Min Age | |
| Max Age | |
| Min Salary | |
| Resident Status | |
| Others |
| Type | Charges |
|---|---|
| Joining Fee | Free |
| Annual Fee | Rs 4999 |
| Add-on Card Joining Fee | |
| Add-on Card Annual Fee | |
| Card Replacement Fee (lost or stolen or re -issue) | Rs 100 |
| Cash Payment Fee | Rs 100 |
| Duplicate Statement Fee | |
| Chargeslip Retrieval Fee or Copy Request Fee | Rs 222 per chargeslip |
| Outstation Cheque Fee | |
| Mobile Alerts for Transactions | |
| Hotlisting Charges | |
| Balance Enquiry Charges | |
| Finance Charges (Retail Purchases & Cash) | Up to 3.35% per month accounting to 40.2% per annum from the date of withdrawal |
| Cash Withdrawal Fees | |
| Overdue Penalty or Late Payment Fee | Nil for total amount due from Rs. 0 to Rs. 200 Rs. 100 for total amount due greater than Rs. 200 and |
| Over Limit Penalty | 2.5% of overlimit amount subject to a minimum of Rs. 500 |
| Cheque return or dishonour Fee or Auto-debit Reversal | 2% of the payment amount, subject to a minimum of Rs. 350 |
| Surcharge on purchase or cancellation of Railway Tickets | Rs. 30 + 2.5% of transaction amount |
| Foreign Currency Transaction Fee | Conversion mark up - 3.5% |
| Service Tax |
| Min Age | |
| Max Age | |
| Min Salary | |
| Resident Status | |
| Others |
| Type | Charges |
|---|---|
| Joining Fee | Free |
| Annual Fee | Rs 1499 |
| Add-on Card Joining Fee | Nil |
| Add-on Card Annual Fee | Nil |
| Card Replacement Fee (lost or stolen or re -issue) | Rs 100 |
| Cash Payment Fee | Rs 100 |
| Duplicate Statement Fee | Rs. 100 per statement that is more than 2 months old |
| Chargeslip Retrieval Fee or Copy Request Fee | Rs 225 per chargeslip |
| Outstation Cheque Fee | |
| Mobile Alerts for Transactions | |
| Hotlisting Charges | |
| Balance Enquiry Charges | |
| Finance Charges (Retail Purchases & Cash) | Up to 3.35% per month accounting to 40.2% per annum from the date of withdrawal |
| Cash Withdrawal Fees | |
| Overdue Penalty or Late Payment Fee | Nil for total amount due from Rs. 0 to Rs. 200 Rs. 100 for total amount due greater than Rs. 200 and |
| Over Limit Penalty | 2.5% of overlimit amount subject to a minimum of Rs. 500 |
| Cheque return or dishonour Fee or Auto-debit Reversal | 2% of the payment amount, subject to a minimum of Rs. 350 |
| Surcharge on purchase or cancellation of Railway Tickets | Rs. 30 + 2.5% of transaction amount |
| Foreign Currency Transaction Fee | Conversion mark up - 3.5% |
| Service Tax |
| Min Age | |
| Max Age | |
| Min Salary | |
| Resident Status | |
| Others |
| Type | Charges |
|---|---|
| Joining Fee | |
| Annual Fee | Rs 499 |
| Add-on Card Joining Fee | Nil |
| Add-on Card Annual Fee | Nil |
| Card Replacement Fee (lost or stolen or re -issue) | Rs 100 |
| Cash Payment Fee | Rs 100 |
| Duplicate Statement Fee | Rs. 100 per statement that is more than 2 months old |
| Chargeslip Retrieval Fee or Copy Request Fee | Rs 225 per chargeslip |
| Outstation Cheque Fee | |
| Mobile Alerts for Transactions | |
| Hotlisting Charges | |
| Balance Enquiry Charges | |
| Finance Charges (Retail Purchases & Cash) | Up to 3.35% per month accounting to 40.2% per annum from the date of withdrawal |
| Cash Withdrawal Fees | |
| Overdue Penalty or Late Payment Fee | Nil for total amount due from Rs. 0 to Rs. 200 Rs. 100 for total amount due greater than Rs. 200 and |
| Over Limit Penalty | 2.5% of overlimit amount subject to a minimum of Rs. 500 |
| Cheque return or dishonour Fee or Auto-debit Reversal | 2% of the payment amount, subject to a minimum of Rs. 350 |
| Surcharge on purchase or cancellation of Railway Tickets | Rs. 30 + 2.5% of transaction amount |
| Foreign Currency Transaction Fee | Conversion mark up - 3.5% |
| Service Tax |
"State Bank of India (SBI) is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees.It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. The origins of State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India. In 1955, the Reserve Bank of India acquired the controlling interests of the Imperial Bank of India. In the year 1955, the Government of India nationalized the Imperial Bank along with the Reserve Bank of India. Ever since that time, the bank acquired its present name that is SBI. The SBI group consists of SBI and five associate banks. The group has an extensive network; with over 20,000 plus branches in India and another 191 foreign offices spread over 36 countries across the world. As of 31st March 2015"
“Most Admired Infrastructure Financier” Award by KPMG,
“Top Public Sector Bank under SME Financing” by Dun and Bradstreet
“Most Preferred Housing Loan” and “Most Preferred Bank” in the CNBC AWAAZ Consumer Awards
Best use of Technology in Financial Inclusion, 2014
Asia’s Best CSR Practices Award-2013- Singapore by CMO Asia
Asian BFSI Awards-2013,Dubai by Asian Leadership Awards
When you apply for a credit card, you apply to borrow money from the card issuer, usually a bank. The issuer will look at your credit history before it accepts your application - and if you have a low credit score you could be refused credit. If you have good credit score and having satisfactory trade records, Banks Generally provides up to 5 times of your monthly Salary.
If all is well, the bank will set a credit limit, which is the maximum amount you can spend on the card. The card company will send you a statement every month, detailing the transactions on the card, plus the amount owing. It should also give the minimum payment and the payment due date.
Increased Spending As per research on the whole, credit card customers spend 2½ time more money than cash-carriers, making larger purchases that are as simple as upsizing their meal at a fast food restaurant.
More Frequent Purchases Because credit cards afford shoppers more flexibility, they go out and buy items as soon as they need them. Conversely, cash-only shoppers buy when their wallets are full — paydays and holidays.
Extraneous Purchases Businesses that receive credit and debit card payments, as opposed to cash-only establishments, reap the benefits of unintended purchases. Because credit card payers are not confined to what they have in their wallets, these buyers frequently purchase items on impulse — like that cute pair of shoes that are on sale.
Additional Credit Perks for Businesses - Knowing how varied payment options affect consumer behaviour, you may wonder how this translates to benefits for your business. Indeed, merchants experience a number of advantages when incorporating credit card payments into their business model.
Unexpected fees - Typically, you'll pay between 2 and 4 percent just to get the cash advance; also cash advances usually carry high interest rates.
Hidden costs - The interest rate is not the only cost of a credit card. A fee will be charged if you are late making your monthly payment, or miss it altogether. You'll also pay a penalty if you exceed your credit limit. So make sure you keep track of your spending and always pay your bill on time.
And don't be tempted to withdraw cash on your credit card. Most card firms charge a fee to withdraw cash from an ATM, typically about 2%. You will also start to rack up interest immediately as there is no interest-free period on cash withdrawals.
Clearly, there is a lot to know about credit cards, and it is not all bad. Here is a list of do's and don'ts that will help you maintain a good credit experience: