Karnataka Bank SimplySAVE SBI Card

Annual and renewal fees

One-time annual fee - Rs.499Annual renewal fee - Rs.499No fee for the add-on credit cards

Interest rates for extended credit

Post interest free repayment period of 20-50 days, interest rate up to 3.35% per month will be levied on the outstanding from the date of purchaseMinimum amount due will be 5% of the total outstanding, subject to a minimum of Rs.200. The minimum due also includes EMIs related to loans and other similar facilities.

Cash advance

A cash advance limit of up to 80% of the credit limit is available on the Simply Save card with a maximum limit of Rs.12,000 per day. Interest-free is not available for cash advances. Hence an interest of up to 3.35% per month will be applicable from the date of cash withdrawal

Cash advance fee

Besides interest, the cash withdrawals also attract cash advance fee, which is 2.5% of the transaction amount when withdrawn from SBI and other domestic bank ATMs. The minimum fee is Rs.300 per transactionFor withdrawals from international ATMs an advance fee of 3% of the transaction amount will be charged subject to a minimum of Rs.300

Late payment fee

When the outstanding is not clear on time it attracts late payment fee along with the interest.NIL if the total amount due is from Rs.0 to Rs.500.Rs.400 if the total amount due is greater than Rs.500 and up to Rs.1,000.Rs.750 if the total amount due is greater than Rs.1,000 and up to Rs.10,000.Rs.950 if the total amount due is greater than Rs.10,000 and up to Rs.25,000.Rs.1,100 if the total amount due is greater than Rs.25,000 and up to Rs.50,000.Rs.1,300 if the total amount due is greater than Rs.50,000.

Surcharges

Petrol and diesel transactions will attract a surcharge of 1% of the transaction amount if the bill exceeds Rs.500 up to Rs.3,000Railway tickets purchased through IRCTC counters attract a fee of Rs.30 and 2.5% of the transaction amount, while those booked through IRCTC portal will be levied 1.8% of the transaction amount as surcharge.

Cheque pickup fee

Rs.90

Statement retrieval fee

Rs.100 per statement (more than 2 months old)

Charge slip retrieval fee

Rs.225 per charge slip

Card replacement charge

Rs.100

Rewards redemption fee

Rs.99

Payment dishonour fee

2% of the payment amount (minimum Rs.450)

Cash payment fee

Rs.100

Emergency replacement in abroad

Nil

Over limit fee

2.5% of the over limit amount (min. Rs.500)

Foreign currency transaction fee

3.5% conversion mark-up