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INDEPENDENT PUBLIC DIRECTORY: Eligo does not issue credit cards, collect customer applications, or earn affiliate referral commissions. All terms, fees, and interest charges below are sourced directly from the official sbicard.com (SBI Cards and Payment Services Ltd.) Most Important Terms and Conditions (MITC).
🏛️State Bank of India (SBI Card)Network: RuPay / VisaBusiness & Corporate CardsLast Verified: 2026-09-28

SBI SimplySAVE Merchant Card

एसबीआई सिम्पलीसेव मर्चेंट कार्ड

Lifetime zero-annual-fee MSME credit card designed for retail shopkeepers and traders providing short-term inventory financing and supplier rewards.

Annual FeeNIL Annual Fee (Lifetime Zero Fee for verified merchants)
Reward RateAccelerated reward points on merchant supplier purchases, wholesale inventory stocking, and utility bills. 1 Reward Point per ₹100 on other retail.
Airport LoungeNo complimentary airport lounge access.
Forex Markup3.50% + GST.
01

What Is This Card

SBI SimplySAVE Merchant Card is a specialized business credit card engineered specifically for Micro, Small, and Medium Enterprises (MSMEs), retail traders, and shopkeepers. It provides interest-free short-term supplier financing with zero annual fees to support business liquidity.

02

Key Benefits (Official MITC Sourced)

💳Annual Fee & Joining Fee

NIL Annual Fee (Lifetime Zero Fee for verified merchants)

Fee Waiver: Lifetime zero fee for active merchants with verified business settlement accounts.

🎁Welcome Benefit

Zero annual fee, instant POS/UPI QR settlement integration, and dedicated short-term working capital credit limit.

⚡Reward Points Structure

Accelerated reward points on merchant supplier purchases, wholesale inventory stocking, and utility bills. 1 Reward Point per ₹100 on other retail.

Redemption Value: 4 Reward Points = ₹1.00. Redeemable for inventory vouchers or direct statement credit.

🛫Airport & Railway Lounge Access

No complimentary airport lounge access.

🛡️Insurance & Fuel Surcharge Waiver

Insurance Cover: Lost card liability coverage up to sanctioned credit limit.

Fuel Surcharge: 1% fuel surcharge waiver for transactions between ₹500 and ₹3,000 at all petrol pumps in India (maximum ₹100 per billing cycle).

🎯Milestone Spends & Grace Period

Milestones: Priority business loan sanctions and working capital credit limit enhancements based on merchant settlement track record.

Interest-Free Period: Up to 50 days (Total Amount Due payable in full; no minimum payment rollover on certain merchant setups).

03

What's Missing (Eligo's Honest Disclosures)

!

Fine-Print Exclusions & Realistic Costs

Requires maintaining a merchant current account or active POS/QR settlement history. Certain terms mandate settlement of the Total Amount Due rather than rolling over a Minimum Amount Due. No airport lounge access.

Forex Markup Fee3.50% + GST.
Cash Advance Fee2.5% of transaction amount or ₹500 (whichever is higher) + 3.50% per month.
Finance Charges (Interest)Up to 3.50% per month (42.00% per annum) on overdue balances.
Late Payment SlabsStandard tiered slab: Nil up to ₹500; ₹400 for ₹501–₹1,000; ₹750 for ₹1,001–₹10,000; ₹950 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,300 for above ₹50,000.
Reward Points ExpiryPoints valid for 24 months from accrual.
Categories Earning ZERO Rewards (Standard MITC Exclusion):Fuel transactions, cash advances, and government taxes.
04

Eligibility Criteria

Sole proprietors, traders, partnership firms, and MSME business owners with active GSTIN or Udyam Registration.

Age Requirement21 to 70 Years
Minimum Income₹3,00,000 annual business turnover / audited P&L
CIBIL Score NoteProprietor credit score of 700+ and clean business bureau record.
SBI RelationshipSBI Current Account or SBI Merchant QR / POS terminal preferred.
05

How to Apply (Official Procedure)

Online Digital Application Flow

1Visit sbicard.com/apply or open the YONO SBI app and select SBI SimplySAVE Merchant Card.
2Select card and check instant eligibility (soft pull with zero impact on CIBIL credit score).
3Fill online application form with personal, residence, and occupational details (takes 5–10 minutes).
4Upload required KYC documents (Aadhaar, PAN, and latest salary slip/ITR proof).
5Complete digital verification via online Video KYC (or schedule branch verification for first-time applicants).
6Card dispatched within 5–7 working days via secure speed post; activate via SMS or SBI Card App.

Branch Application for Offline Applicants

Apply directly at your SBI SME / Commercial branch with business registration credentials.

Visit Official Card Page (sbicard.com)Download Official MITC (PDF)
06

Documents Required

1. PAN Card of Proprietor / Firm
2. Udyam Registration Certificate or Trade License
3. Last 6 months' Current Account Bank Statements
4. Aadhaar Card of Authorized Proprietor / Partner.
07

Frequently Asked Questions (Official MITC)

What happens if I miss the minimum payment due on SBI SimplySAVE Merchant Card?
If you do not pay at least the Minimum Amount Due (MAD) on or before the due date, late payment penalties will be charged according to the issuer's tariff: Standard tiered slab: Nil up to ₹500; ₹400 for ₹501–₹1,000; ₹750 for ₹1,001–₹10,000; ₹950 for ₹10,001–₹25,000; ₹1,100 for ₹25,001–₹50,000; ₹1,300 for above ₹50,000.. In addition, revolving finance charges at Up to 3.50% per month (42.00% per annum) on overdue balances. will be calculated from the original transaction dates on all outstanding balances and fresh purchases. You will lose the interest-free grace window, and the overdue record will be transmitted to credit bureaus (CIBIL, Experian, CRIF High Mark), adversely impacting your credit score.
Can I convert transactions on SBI SimplySAVE Merchant Card into EMI?
Yes, State Bank of India (SBI Card) provides merchant EMI and post-purchase in-app EMI conversion options for eligible transactions (typically above ₹1,500 to ₹2,500). Cardholders can configure repayment schedules from 3 to 24 months via the bank's mobile application, net banking dashboard, or SMS prompt. Conversion is subject to a nominal one-time processing fee (usually 1% to 2% + 18% GST) and tenure-based interest charges.
How do I track and redeem reward points or cashback on SBI SimplySAVE Merchant Card?
You can monitor accrued reward points or cashback by accessing your monthly e-statements or logging into State Bank of India (SBI Card)'s official mobile banking application or web portal. 4 Reward Points = ₹1.00. Redeemable for inventory vouchers or direct statement credit. Please note: Points valid for 24 months from accrual.
What is the interest-free grace period on SBI SimplySAVE Merchant Card and how does it work?
The interest-free period on SBI SimplySAVE Merchant Card is Up to 50 days (Total Amount Due payable in full; no minimum payment rollover on certain merchant setups).. This benefit is applicable strictly when the full Total Amount Due from the previous billing cycle was cleared by the payment due date. If any residual balance is carried forward, all purchases immediately incur daily finance charges (Up to 3.50% per month (42.00% per annum) on overdue balances.) with zero grace period. ATM cash withdrawals never receive a grace period and incur interest and cash advance fees from the withdrawal timestamp.
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