What is the annual fee of the Central Bank of India 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 Central Bank of India SimplySAVE SBI Card?

3.5% of each foreign-currency transaction, before GST.

M16S / State Bank of India (SBI Card) / Central Bank of India SimplySAVE SBI Card

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Central Bank of India SimplySAVE SBI Card

State Bank of India (SBI Card) · with Central Bank of IndiaLast checked 11 Oct 2026closed to new applicants

The Central Bank of India SimplySAVE SBI Card costs Rs 499 a year, waived if you spend Rs 1,00,000 in a year. It earns 1 RP per Rs 150 (issuer notice, 1 Mar 2022). Accelerated earn: 10 RP per Rs 150 on accelerated categories (issuer notice, 1 Mar 2022; categories not read). The forex markup is 3.5%. Read from the issuer's own documents on 11 Oct 2026.

Annual fee: Rs 499+ GST
Fee waived at: Rs 1,00,000annual spend
Base return: —
Forex markup: 3.5%
Interest: 3.75%a month

Fees

Joining fee	Rs 499
Annual fee	Rs 499
Annual spend that waives the fee	Rs 1,00,000
Fee notes	Renewal fee reversed on Rs 1 lakh annual spend.

Rewards

Reward currency	Reward Points
Base earn	1 RP per Rs 150 (issuer notice, 1 Mar 2022)
Accelerated earnunverified	10 RP per Rs 150 on accelerated categories (issuer notice, 1 Mar 2022; categories not read)
Points expiry	24 months

Travel and perks

Forex markup	3.5%

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	Issuance discontinued from 26 Jul 2025 (issuer notice). Bank-partner version of SimplySAVE sold through the partner bank's branches; benefit detail beyond the issuer notice not read. Birthday bonus points capped at 2,000 a year on certain variants (issuer notice, Feb 2021). 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 Central Bank of India 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 Central Bank of India SimplySAVE SBI Card?: 3.5% of each foreign-currency transaction, before GST.