M16S / State Bank of India (SBI Card) / Bank of Maharashtra SimplySAVE SBI Card
entry · cobrand, rewards
Bank of Maharashtra SimplySAVE SBI Card
The Bank of Maharashtra SimplySAVE SBI Card costs Rs 499 a year, waived if you spend Rs 1,00,000 in a year. Its base return is 0.17% (1 RP per Rs 150 on all other spends). Accelerated earn: 10X: 10 RP per Rs 150 on dining, movies, departmental stores and grocery. The forex markup is 3.5%. Read from the issuer's own documents on 12 Oct 2026.
- Annual fee
- Rs 499+ GST
- Fee waived at
- Rs 1,00,000annual spend
- Base return
- 0.17%
- Forex markup
- 3.5%
- Interest
- 3.75%a month
Apply on sbicard.comOpens the bank’s own page.
Fees
| Joining fee | Rs 499 |
|---|---|
| Annual fee | Rs 499 |
| Annual spend that waives the fee | Rs 1,00,000 |
| Fee notes | Annual fee Rs 499 + taxes; renewal fee Rs 499 from second year, reversed if previous-year spend >= Rs 1,00,000 (product page). |
Rewards
| Welcome benefit | 2,000 bonus RP (worth Rs 500) on spending Rs 2,000 or more in the first 60 days |
|---|---|
| Reward currency | Reward Points |
| Base earn | 1 RP per Rs 150 on all other spends |
| Base return | 0.17% |
| Point value | 4 RP = Re 1 against card outstanding (Rs 0.25 per RP); rewards catalogue also available |
| Accelerated earn | 10X: 10 RP per Rs 150 on dining, movies, departmental stores and grocery |
| Points expiry | 24 months |
| Reward notes | base_return_pct = 1 RP per Rs 150 x Rs 0.25 (4 RP = Re 1 against card outstanding, both from the product page) = 0.17%; 10X categories 1.67%. Reward redemption fee Rs 99 + GST on physical products, statement credit and physical vouchers (MITC). |
Travel and perks
| Forex markup | 3.5% |
|---|---|
| Fuel surcharge waiver | 1% on fuel txns Rs 500-3,000, cap Rs 100 per statement cycle |
| Other freebies | Visa/RuPay network offers (car rental, MakeMyTrip, ZoomCar, Lifestyle discounts) |
Charges and eligibility
| Interest per month | 3.75% |
|---|---|
| Late payment fee | On outstanding amount due: Nil up to Rs 100; Rs 100 (>100-500); Rs 500 (>500-1,000); Rs 750 (>1,000-10,000); Rs 950 (>10,000-25,000); Rs 1,100 (>25,000-50,000); Rs 1,300 (>50,000); plus Rs 100 if minimum due missed two cycles running (slabs as revised 1 May 2026) |
| Cash advance fee | 2.5% of amount, min Rs 500; ATM limit Rs 15,000/day; interest from day one |
| Fine-print notes | Reward, welcome, fuel and fee fields now read from the issuer's product page (rendered 2026-10-12). The page is live with a branch-apply instruction, so status open is treated as confirmed. The page states no lounge benefit and no cap on 10X points; lounge fields stay null. Networks taken from the page's network-offer tabs. Page vs earlier value (page used): accelerated_earn was '10 RP per Rs 150 on accelerated categories (categories not read)' from the 1 Mar 2022 issuer notice; page names dining, movies, departmental stores, grocery. Issuer-wide (MITC): rent payments carry Rs 199 fee; utility bills totalling over Rs 50,000 in a cycle carry 1% fee; wallet loads over Rs 1,000 carry 1% fee; education payments via third-party apps carry 1% fee; forex markup is not reversed on refunds; fees shown exclude 18% GST. |
Questions
- What is the annual fee of the Bank of Maharashtra SimplySAVE SBI Card?
- Rs 499 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.
- What is the forex markup on the Bank of Maharashtra SimplySAVE SBI Card?
- 3.5% of each foreign-currency transaction, before GST.