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  • LVB SimplySAVE SBI Credit Card

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    As the name suggests, applicants can save while they splurge with this unique co-branded credit card by Lakshmi Vilas Bank and SBI. Combining the best features offered by both banks, the SimplySave credit card, offers unparalleled privileges and benefits. Read on, to know all about this fantastic card.

    One of the foremost banks in the country, Lakshmi Vilas Bank was founded in Karur in 1926. This bank was founded with the purpose of giving financial assistance to individuals around Karur who were in the trading or farming sector. As part of their retail banking portfolio, Lakshmi Vilas Bank provides loans such as auto loan, home loans and others, along with debit and credit cards.


    • Exciting Welcome offers can be availed by those who sign up
    • For every significant amount charged on their card, customers earn Reward Points.
    • 10 times value back and no fuel surcharge
    • Customers can enjoy the benefits of a digital credit card

    Benefits of Lakshmi Vilas Bank SBI SimplySave Credit Card

    • Welcome Offer

      When customers spend over Rs.2000 on their Lakshmi Vilas Bank SBI SimplySave credit card within the first 2 months, they receive 2000 Reward Points. These points can be redeemed for a host of exciting gifts. Also, customers receive Rs.100 cashback within a month of receiving their card, on their very first ATM cash withdrawal.

    • Cash Points

      For every Rs.100 charged to their Lakshmi Vilas Bank SimplySave credit card, customers earn one Reward point. These points can be utilized to pay all credit card dues or even redeem them against the catalogue for some fantastic gifts.

    • Value Back

      Every time individuals spend on groceries or items from the departmental store using their Lakshmi Vilas Bank SBI SimplySave credit card, they will receive up to 2.5% value back.

    • No Fuel Surcharge

      Spending between Rs.500 to Rs.3000 at any petrol pump in the country, on their credit card, will exempt customers from paying the 2.5% fuel surcharge.

    Features of Lakshmi Vilas Bank SBI SimplySave Credit Card

    • Instant Cash - Anywhere

      Cash can be withdrawn from more than 1 million ATMs affiliated to Visa, across the globe by using the SimplySave credit card by Lakshmi Vilas Bank and SBI.

    • Easy Bill Pay Facility

      Customers can avail the Easy Bill Pay facility and forget about missing deadlines, every again. This facility can be procured at no extra costs and bill payments can be made each month, on time. Instructions need to be given for the bills to be paid through the Auto Bill pay feature.

    • Flexipay

      All transactions, especially the extravagant ones can be converted to convenient monthly installments using this feature. A plethora of plans are available, for customers to choose from.

    • Balance Transfer via EMI

      All outstanding balance from other credit cards can be transferred to the Lakshmi Vilas Bank SBI SimplySave credit card and a reduced rate of interest can be availed. This amount can be repaid in EMIs. In order to procure this option, applicants will have to log in to the SBI website.

    • Easy Money Facility

      A cheque or draft can be availed against their cash limit by customers, who opt for the Easy Money Facility. They can also have this delivered to their home.

    • Booking Railway Tickets Online

      Railway tickets can be booked online by visiting the IRCTC website. Customers will have to register themselves there and follow the instructions given. They will have to pay for their tickets using their Lakshmi Vilas Bank SBI SimplySave credit card. Individuals should note that transactions on the IRCTC website are governed by the website’s terms and conditions.

    • Worldwide Acceptance

      The Lakshmi Vilas Bank SBI SimplySave credit card is accepted in more than 2 million Visa affiliated outlets throughout the world and including over 2 lakh outlets in India.

    • Family Empowerment

      Add-on cards can be procured by cardholders for their parents, siblings and children who are above the age of 18, and benefits of the Lakshmi Vilas Bank SBI SimplySave credit card can be shared with them.

    Eligibility for Lakshmi Vilas Bank SBI SimplySave Credit Card

    The eligibility for procuring an Lakshmi Vilas Bank SBI SimplySave Credit Card will be determined based on the applicant’s employment and income, among other factors.

    Fees and Charges

    Type of Fee Amount
    A one time Annual Fee Rs.499
    Annual renewal fee Rs.499
    Add-on Fee per annum Nil
    Extended credit - Interest Free Period 20 - 50 days is the interest free period and is true on retails spends, only if the previous month’s outstanding balance amount from the previous month has been completely paid.
    Extended credit - Finance Charges Maximum of 40.2% per annum or 3.35% per month, from the date of transaction
    Extended credit - Minimum Amount Due A minimum of Rs. 200 or 5% of the outstanding total amount, with Government Service Tax and in case of loans this includes EMI
    Cash Advance Limit A maximum of 80% of the credit limit.
    Cash Advance - Free Credit Period Nil
    Cash Advance - Finance Charges A maximum of 3.35% per month or 40.2% per annum from the date of transaction.
    Cash Advance Fees - State Bank of India ATMs and other Domestic ATMs Rs. 300 or 2.5% of the amount withdrawn, for each transaction
    International ATMs Rs. 300 or 3% of the the amount withdrawn, for every transaction
    Statement Retrieval If over 2 months, then Rs. 100 for each statement
    Chargeslip Request For each chargeslip, Rs. 225 is charged
    Overlimit A minimum of Rs. 500 or 2.5% of the overlimit amount
    Rewards Redemption Fee Rs 99
    Cash OTC fee Rs. 100
    Replacing the card Rs. 100
    Surcharge - Railway Ticket at the counter Rs. 30 plus 2.5% of the transaction amount

    Frequently Asked Questions (FAQs)

    1. What are documents necessary, in order to avail the Lakshmi Vilas Bank SBI SimplySave Credit Card?

      The basic documents required are -

      • PAN card or other ID proof
      • Address proof (Any one) -
        • Driving License
        • Passport
        • Voter’s ID
        • UID Aadhaar No.
    2. How can cardholders get their transactions converted to Flexipay?

      Cardholder will have to call the SBI credit card customer care number to avail the benefits and to convert their transaction to Flexipay. This should be done within a month or 30 days of making the purchase.

    3. What are the charges applicable for late payment?

      The charges applicable for late payment, are as given in the table below:

      Amount Due Fee Applicable
      0 to Rs.200 Nil
      Rs.201 to Rs.500 Rs.100
      Rs.501 to Rs.1,000 Rs.400
      Rs.1,001 to Rs.10,000 Rs.500
      Above Rs.10,000 Rs.750
    4. Is there a fee applicable for emergency replacement of card, while abroad?

      There is no fee charged for emergency replacement of credit card, while abroad.

    5. What is the fee charged for pickup of cheque?

      Fee applicable for pick up of cheque is Rs.90.

    6. Is there a maximum limit on the fuel surcharge waiver offer?

      Yes, LVB SimplySAVE SBI Credit Card holders can get a waiver of up to Rs. 100 for a single statement cycle of a credit card account.

    7. Can add-on card holders use the balance transfer on EMI facility?

      No, add-on card holders cannot use this facility. This is available only to primary card holders.

    8. What are the different online payment options for LVB SimplySAVE SBI Credit Card customers?

      The following online services can be used by LVB SimplySAVE SBI Credit Card holders -

      • NEFT Payment
      • Paynet - Pay Online
      • Visa Credit Card Pay
      • Online SBI
      • SBI Mobile Banking
      • Electronic Bill Payment
      • Electronic Clearing Services
      • SBI Auto Debit
      • Debit Card
    9. What are the different offline payment options for LVB SimplySAVE SBI Credit Card customers?

      The following offline services can be used by LVB SimplySAVE SBI Credit Card holders -

      • Over the Counter Payment (OTC)
      • Electronic Drop Box
      • Drop Box
      • Pay Cash
      • SBI ATM
    10. Do accrued rewards points come with an expiry date for a LVB SimplySAVE SBI Credit Card?

      Yes, accumulated rewards points have a validity of 24 months, after which they will expire and cannot be used for redemptions.


    1. How can I track the status of my credit card application?

      You can track the status of your credit card application by visiting the SBI Card official website where you will the find the option to track the status of your credit card application. Enter your application or reference number and click on ‘Track’. You will be able to view the status of your credit card application.

    2. How can I apply for LVB SimplySAVE SBI Credit Card?

      You can visit the nearest branch of SBI along with all the necessary documents and application form where a representative from the bank will take you through the process of applying for the credit card. Once you have submitted the documents and the application form, it will go through a verification process. If all the details entered by you is found to be correct, the bank will send the credit card to your mailing address within a few working days.

    3. What should I do if l lose my credit card?

      If you lose your credit card then you must immediately contact the bank’s customer care executive and request for your credit card to be blocked. You may have to file an FIR and submit a copy of it to the bank. Once that is done, the bank will issue you a duplicate credit card.

    4. What should I do if I find my lost credit card?

      If you find your card after you have gotten it blocked, you must immediately destroy it by cutting it across the magnetic strip. Do not use the card at all once you have found it.

    5. How can I check my credit card statement?

      You can check the statement of your credit card by either logging to your SBI net banking or mobile banking account where under the ‘Credit Card’ option you will be able to view your credit card statement. You will have to provide the time period and check the usage of your credit card. You can also avail the option where the statement will be sent to your email ID every month by the bank.


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