Maximise Rewards on Daily Purchases with PSB Simply SAVE SBI Card

Bio

Sandipan Mitra is the CEO and co-founder of Pice. He boasts eight years of experience in the B2B and fintech sector. Sandipan's journey includes significant roles at multiple Indian Unicorns Including Product at PayU, and as founding member / VP, Product at Open Financial Technologies.

26 Mar 26
3 mins

Sandipan Mitra

08 Mins
26-03-26

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Table of Contents

PSB SBI Simply SAVE Credit Card Benefits
PSB Simply SAVE SBI Card Eligibility Criteria
Documents Required for PSB Simply SAVE SBI Card
PSB Simply SAVE SBI Card Charges

Comes with a one-time annual fee of ₹499 + taxes.
Offers a welcome benefit of 2,000 bonus reward points on the first purchase.
Subject to a finance charge of 3.75% per month (45% yearly).

If your monthly expenses revolve around groceries, dining, movies and everyday shopping, the PSB Simply SAVE SBI Card is designed to reward exactly those habits. This entry-level yet value-packed credit card helps you earn accelerated reward points. Read on to find out more.

PSB SBI Simply SAVE Credit Card Benefits

PSB Simply SAVE SBI Credit Card Benefits

Welcome Benefit

Get 2,000 bonus reward points on your first purchase of ₹2,000 or more when done within 60 days of receiving your card.
Avail a ₹100 cashback on your first ATM cash withdrawal within 30 days of getting the card.

Accelerated Rewards

Avail 10 reward points for every ₹150 spent on departmental stores, movies, grocery spends and dining.
Get 1 reward point for every ₹150 spent on all other types of spends (except fuel spends).

Note: 4 reward points are equivalent to ₹1.

Fuel Surcharge Waiver

Get a 1% fuel surcharge waiver across all petrol pumps. Avail a maximum surcharge waiver of ₹100 per month for every card account.

PSB Simply SAVE SBI Card Eligibility Criteria

Applicants need to have an Indian residency with a permanent residential address.
Applicants need to be at least 18 years old.
The majority of banks prefer applicants with a good credit history and a CIBIL score of 750.
People with past fraud or criminal records are not eligible.

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Documents Required for PSB Simply SAVE SBI Card

Proof of Identity - PAN card (mandatory), Aadhaar card, driving license, voter ID.
Proof of Address - Passport, registered rental agreement, utility bill.
Income Proof - salary slips, bank statements
Passport-sized photographs

PSB Simply SAVE SBI Card Charges

Parameters	Fees and Charges
Annual Fee (one-time)	₹499 + Taxes
Renewal Fee (per annum)	₹499 + Taxes (from second year onwards)
Add-on Fee (per annum)	NIL
Cash Advance Fee	2.5% of the withdrawn amount or ₹500 (whichever is higher)
Finance Charges	3.75% (per month)

💡Manage your PSB Simply SAVE SBI card bills better with the Pice App. Download it today to never miss a credit card due bill payment date again!

Footnotes

Get a spends-based reversal benefit from the second year onwards on your annual membership fees on exceeding spends above ₹1,00,000 (in the previous year).
Get up to 25% instant discount on Bakingo with your PSB Simply SAVE SBI Card (valid till 31st July, 2026).

FAQs

Can I get add-on cards with the PSB Simply Save SBI Card?

With your PSB Simply SAVE Card, you can get add-on cards for your spouse, parents, children or siblings (above the age of 18).

Is the PSB Simply SAVE SBI Card internationally accepted?

You can use your PSB Simply SAVE SBI Card at over 24 million stores and outlets across the globe, including 3,25,000 outlets in India.

How to convert PSB Simply SAVE SBI Card transactions into Flexipay?

With Flexipay, you can convert your transactions by making easy monthly instalments. You just need to transact ₹2,500 or more by using your PSB Simply SAVE SBI Card and then log in to the official SBI portal within 30 days of purchase to convert into Flexipay.