Bank of Maharashtra SimplySAVE SBI Card
SBI Card · Open to apply
An entry rewards card issued with Bank of Maharashtra: 10 points per ₹150 on dining, groceries, departmental stores and movies up to 5,000 points a month, 1 point per ₹150 elsewhere (4 points = ₹1), a 2,000-point welcome bonus and a ₹499 fee reversed on ₹1 lakh of yearly spends.
- Annual fee
- ₹499 + GST a year
- Joining fee
- ₹499 + GST
- Fee waiver
- Annual fee waived on ₹1,00,000 spend per card year
- Base rate
- 1 point per ₹150 on all other retail spends: 1 SBI Card Reward Points per ₹150 (about 0.17% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 6 Nov 2026
Main earn rates
- 10 points per ₹150 on dining, groceries, departmental stores and movies: 10 SBI Card Reward Points per ₹150 (about 1.67% at cash value)
Earns nothing on
- No points at petrol pumps and service stations (MCCs 5172, 5541, 5542, 5983)
- No points on wallet loads (MCCs 6540, 6541)
- No points on cash advances and ATM withdrawals
- No points on EMI conversions (Flexipay, Merchant EMI)
- No points on rent (MCC 6513)
- No points on government-related transactions (MCCs 9399, 9311)
- No points on digital gaming platforms (MCCs 5816, 7993, 7994)
Where the sources disagree
- Fuel surcharge waiver cap period: The product page says a maximum waiver of ₹100 per statement cycle per credit card account; the booklet says ₹100 per month. We use the statement cycle.
- Network: The booklet says "VISA/RuPay"; the product page lists Visa and RuPay network privileges. We list the networks the booklet names; SBI Card does not say which a new applicant is issued.
- Redemption minimum: The booklet requires at least 2,000 points to redeem; the Shop & Smile T&C (modified 23 Sep 2026) has statement credit only in multiples of 4,000 points from 1 Apr 2026. We use the later rule.
Terms the calculator does not value
- The accelerated rate does not apply at Metro Cash & Carry and Walmart either (Flipkart Wholesale is the rule wholesale-no-accelerated); neither has a merchant file.
- Shop & Smile T&C IV(f), (g) and (h) exclude rent (MCC 6513), government-related transactions (MCCs 9399, 9311) and digital gaming (MCCs 5816, 7993, 7994) for "the list of cards attached". SBI Card's published lists of 2024 do not name this card (the card launched in August 2025, after them). We apply the three exclusions as the general rule; if the card does earn on them, it earns the base 1 point per ₹150.
Sources
- Bank of Maharashtra SimplySAVE SBI Card product-page data file (fees, rates, welcome offer, fuel surcharge waiver) (Product page, the bank's own, read 6 Nov 2026)
- Bank of Maharashtra SimplySAVE SBI Card Terms and Conditions booklet (PDF modified 13 Oct 2026, created 20 Aug 2025) (Reward terms, the bank's own, read 6 Nov 2026)
- SBI Card Shop & Smile rewards programme T&C (accrual, caps by card, exclusions, redemption; PDF modified 23 Sep 2026) (Reward terms, the bank's own, read 6 Nov 2026)
- SBI Card Most Important Terms and Conditions, annual and renewal fee table (Most important terms (MITC), the bank's own, read 6 Nov 2026)
- SBI Card Important Notices page (29 Mar 2026 redemption notices) (Bank notice, the bank's own, read 6 Nov 2026)