Central Bank of India SimplySave SBI Card

Annual fee

Rs.499

Renewal fee

Rs.499

Finance charge

Up to 3.50% per month (42% per annum)

Cash advance fee at domestic ATMs, international ATMs, and SBI ATMs

2.5% of the transaction amount or Rs. 500 (whichever is higher)

Cash payment fee

Rs.250

Overlimit

2.5% of overlimit amount or Rs.600 (whichever is higher)

Late payment

1. Rs.0 to Rs.500: NIL
2. Rs.500 to Rs.1,000: Rs.400
3. Rs.1,000 to Rs.10,000: Rs.750
4. Rs.10,000 to Rs.25,000: Rs.950
5. Rs.25,000 to Rs.50,000: Rs.1,100
6. Rs.50,000 and above: Rs.1,300

Payment dishonor fee

2% of the amount (minimum of Rs.500)

Cheque payment fee

Rs.100

Statement retrieval

Rs.100 per statement which is over 2 months old

Card replacement

1. Rs.100 to Rs.250

Fee for increasing credit limit

Rs.200 per request for increase

Dynamic and static conversion fee

1. 3.50% (except for SBI Elite and Aurum credit cards)
2. 1.99% SBI Elite and Aurum credit cards)
3. These charges are applicable for transactions greater than or equal to Rs.1,000.

Network change fee

Rs.200 per request for network upgrade or network downgrade

Foreign currency transaction fee

1. 3.50% (except for SBI Elite and SBI Aurum credit cards)
2. 1.99% (SBI Elite and Aurum credit cards)

Rewards redemption fee

1. Rs.99 (only on cash redemption, gifts, and specific vouchers)

Overdue finance charge

1. 3.65% per month (43.8% per annum)