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PSB SimplySAVE Card

A PSB co-branded Card with category-based reward points, a first-purchase bonus, one-time cashback and a capped fuel-surcharge waiver.

Cashback₹100 cashback on the first ATM cash withdrawal within 30 days of receiving the card; this is a one-time welcome benefit, not an ongoing cashback rate.Rewards10 reward points per ₹150 on dining, departmental stores, movies and grocery spends; 1 point per ₹150 on other spends except fuel; 4 points redeem for ₹1 against card outstanding.Offers and welcome benefits2,000 bonus reward points on the first purchase of ₹2,000 or more within 60 days of receiving the card; ₹100 cashback on the first ATM cash withdrawal within 30 days.
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✓ Manually checked 30 Sept 2026 · active
Offered byPunjab & Sind Bank

India; PSB co-branded application route

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Annual / renewal fee₹499 annual fee and ₹499 renewal fee from year two, plus applicable taxes.View source
PSB lists a ₹499 one-time annual fee, ₹499 per-annum renewal fee from the second year and nil add-on fee; the current Card independently lists ₹499 annual/renewal for PSB SimplySAVE.
Source
Punjab & Sind Bank — PSB co-branded credit cards
Page / section
SimplySAVE — Fees; Card pages 4–5
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Fee waiverRenewal fee reversal from year two when preceding-year spends exceed ₹1,00,000.View source
PSB says previous-year spends must be greater than ₹1,00,000; the separately presents the waiver at annual spends of ₹1 lakh or more. The public comparison uses the conservative, stricter PSB wording and preserves the wording in the source table.
Source
Punjab & Sind Bank — PSB co-branded credit cards
Page / section
SimplySAVE — Spends Based Reversal; Card page 4
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Cashback₹100 cashback on the first ATM cash withdrawal within 30 days of receiving the card; this is a one-time welcome benefit, not an ongoing cashback rate.View source
PSB states ₹100 cashback on the first cash withdrawal within 30 days of receiving the card.
Source
Punjab & Sind Bank — PSB co-branded credit cards
Page / section
SimplySAVE — Welcome Offer
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Rewards10 reward points per ₹150 on dining, departmental stores, movies and grocery spends; 1 point per ₹150 on other spends except fuel; 4 points redeem for ₹1 against card outstanding.View source
PSB publishes separate accelerated and other-spend earn rates, excludes fuel and states 4 points = ₹1 toward card outstanding.
Source
Punjab & Sind Bank — PSB co-branded credit cards
Page / section
SimplySAVE — Accelerated Rewards
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Offers and welcome benefits2,000 bonus reward points on the first purchase of ₹2,000 or more within 60 days of receiving the card; ₹100 cashback on the first ATM cash withdrawal within 30 days.View source
Both thresholds and time windows are published by PSB.
Source
Punjab & Sind Bank — PSB co-branded credit cards
Page / section
SimplySAVE — Welcome Offer
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Foreign-currency markup3.50% of the transaction amount under SBI Card’s KFS default for cards other than its specifically listed reduced-markup exceptions; PSB SimplySAVE is not among those exceptions.View source
The states 3.5% for all cards except the enumerated reduced-markup products; its exception list does not name PSB SimplySAVE.
Source
Card — Key Fact Statement, copy dated 26 August 2026 (SI26082026)
Page / section
Page 7 — Foreign Currency Transaction Fee and Dynamic Currency Conversion Fee
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Monthly finance charge3.75% per month (45% p.a.) for unsecured cards; 2.75% per month (33% p.a.) for secured, Defence and Shaurya cards. The KFS rate row is issuer-wide and does not name PSB SimplySAVE separately.View source
The comparison preserves both cohorts rather than silently assigning a product-specific secured/unsecured rate.
Source
Card — Key Fact Statement, copy dated 26 August 2026 (SI26082026)
Page / section
Page 6 — Finance Charges
Accessed
30 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • 2,000 bonus reward points on the first purchase of ₹2,000 or more within 60 days of receiving the card
  • ₹100 cashback on the first cash withdrawal within 30 days of receiving the card
  • 10 reward points per ₹150 on dining, departmental stores, movies and grocery spends; 1 point per ₹150 on other spends except fuel
  • 4 reward points redeem for ₹1 against card outstanding
  • 1% fuel-surcharge waiver, capped at ₹100 per month per card account
  • Annual membership fee reversal from year two when preceding-year spends exceed ₹1 lakh

Related official documents

Punjab & Sind Bank — PSB SBI co-branded credit cardsofficial-product-catalogue · current · accessed 30 Sept 2026
↗
Punjab & Sind Bank — SBI co-branded card offers for July 2026official-offer-circular · current · accessed 30 Sept 2026
↗
PSB SimplySAVE SBI Card — SBI Card product pageofficial-product-page · current · accessed 30 Sept 2026
↗
SBI Card — Key Fact Statement, copy dated 26 August 2026 (SI26082026)official-key-fact-statement · current · accessed 30 Sept 2026
↗

Plan before applying

Try the numbers

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Credit-card interest estimate

See roughly how much interest may be added if part of the card bill remains unpaid for one month.

Interest added for one month₹1,875one thousand eight hundred seventy-five rupees
Balance after that interest₹51,875fifty-one thousand eight hundred seventy-five rupees
Monthly rate × 1245%

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

PSB SimplySAVE Card · Annual / renewal / add-on fee₹499 / ₹499 + taxes; add-on fee nil

This value is copied from PSB co-branded cards — published benefits and fees. Check the table notes before relying on it.

Source: Punjab & Sind Bank — PSB co-branded credit cards; Card dated 26 August 2026 · PSB card page sections SimplySAVE/PRIME/ELITE; pages 4–5 and 7 Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 3 rows · 8 columnsPSB SBI co-branded cards — published benefits and feesVariant-specific fees, fee waivers, rewards, lounge access and foreign-currency markup from the PSB catalogue and current SBI Card KFS.View tableHide table

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PSB SBI co-branded cards — published benefits and fees
CardAnnual / renewal / add-on feeFee waiverRewards and redemptionWelcome / milestone benefitsFuel surcharge waiverLounge accessForex markup
PSB SimplySAVE Card₹499 / ₹499 + taxes; add-on fee nilRenewal reversal from year 2 when prior-year spends exceed ₹1 lakh; says ₹1 lakh or more10 points/₹150 on dining, departmental stores, movies and grocery; 1 point/₹150 other than fuel; 4 points = ₹12,000 points on first ₹2,000+ purchase in 60 days; ₹100 on first withdrawal in 30 days1% waiver, maximum ₹100/month/card accountNot stated in this benefit block; separate terms still under review3.50% under Card default
PSB Card PRIME₹2,999 / ₹2,999 + taxes; add-on fee nilAnnual spends of ₹3 lakh or more20 points/₹100 on utility standing instructions; 10 points/₹100 on dining, departmental stores, movies and groceries; 2 points/₹100 other than fuel; 4 points = ₹1₹3,000 welcome voucher; ₹1,000 Pizza Hut voucher at ₹50,000/calendar quarter; ₹7,000 Yatra/Pantaloons voucher at ₹5 lakh/year; birthday points capped at 2,000/year1% waiver, maximum ₹250/month4 international Priority Pass visits/year (2/quarter); 8 domestic/year (2/quarter)3.50% under Card default
PSB Card ELITE₹4,999 / ₹4,999 + taxes; add-on fee nilAnnual spends of ₹10 lakh or more in the preceding year5X on dining, departmental stores and groceries; 2 points/₹100 other than fuel; 4 points = ₹1₹5,000 welcome voucher; up to 50,000 points/year at four spend milestones, stated worth up to ₹12,5001% waiver, maximum ₹250/month6 international visits/year and 8 domestic/year (2/quarter); Priority Pass membership stated worth USD 991.99%
  • PSB and Card describe fees as plus applicable taxes.
  • For SimplySAVE, the PSB catalogue says prior-year spend greater than ₹1 lakh; the table says ₹1 lakh or more. Both wordings are shown rather than silently harmonized.
  • PSB's published SimplySAVE block does not state a lounge benefit; this is not a confirmed no-lounge disposition.
  • Card's default forex rate applies to all cards except its named reduced-markup products; Elite is explicitly in the 1.99% group.
  • Eligibility, required documents, network and complete product-specific exclusions are not resolved in this table.
Punjab & Sind Bank — PSB co-branded credit cards; Card dated 26 August 2026 · PSB card page sections SimplySAVE/PRIME/ELITE; pages 4–5 and 7 · accessed 30 Sept 2026Open official source ↗
Table 2 · 27 rows · 2 columnsSBI Card — common KFS charges and transaction rulesIssuer-level charges and conditions from the current KFS. These are not a substitute for variant-specific product terms; the source separates secured/unsecured cohorts and specifies transaction/MCC conditions.View tableHide table

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SBI Card — common KFS charges and transaction rules
Charge or rulePublished amount / condition
Interest-free period on retail purchases20–50 days only when the previous month's outstanding balance is paid in full
Finance charge3.75% per month (45% p.a.) for unsecured cards; 2.75% per month (33% p.a.) for Shaurya, Defence and secured cards
Minimum finance charge₹25
Minimum amount due100% of , , fees/charges, finance charges and overlimit amount, plus 2% of remaining balance
Cash advance limit / daily capPart of the overall limit and shown in the statement; withdrawal up to ₹15,000 per day on 6011, subject to cash-advance limit; not available on 6010 over-the-counter cash disbursement
Cash advance interest / free periodNo free period; finance charge applies from withdrawal date; minimum finance charge ₹25
Cash advance fee2.5% of transaction amount, minimum ₹500, for domestic and international cash advances
Cash payment fee₹250
Payment dishonour fee2% of payment amount, minimum ₹500
Cheque payment fee₹200; exceptions listed for Card Unnati, Vyapaar Unnati and Krishak Unnati
Late payment charge₹0 for due amount ₹0–₹100; ₹100 for >₹100–₹500; ₹500 for >₹500–₹1,000; ₹750 for >₹1,000–₹10,000; ₹950 for >₹10,000–₹25,000; ₹1,100 for >₹25,000–₹50,000; ₹1,300 for >₹50,000
Additional late payment charge₹100; also lists ₹500 late-payment charges on RE where outstanding due exceeds ₹1,000
Overlimit fee2.5% of overlimit amount, minimum ₹600; not reversed for transaction reversal, cancellation or refund
Card replacement₹100–₹250 (Aurum ₹1,500)
Foreign-currency transaction3.5% default; 1.99% for specifically listed products including Elite; other named exceptions/rates are set out on page 7
Dynamic currency conversion3.5% default; named exceptions/rates differ and are listed on page 7
Reward redemption fee₹99 for physical products, statement credit and vouchers sent physically where individual product terms specify; AURUM excluded; no charge if account is voluntarily closed on fee-posting date
Utility payments1% if total utility payments exceed ₹50,000 in a billing cycle; utility 4900 identified on a best-effort basis
Education payments1% on third-party-app education payments; direct payments to schools/colleges via their websites or do not attract this fee
Wallet load1% on each wallet-load transaction exceeding ₹1,000; 6540/6541 identified on a best-effort basis
Rent payments₹199 + applicable taxes; not reversed for transaction reversal/cancellation/refund; 6513 treated as rent
Lounge usage outside complimentary visitsUp to USD 27 per visit + applicable taxes for international-lounge programmes, including specified India usage and outside-India usage after complimentary visits are exhausted
Payment grace3 additional days from due date where prior billing cycles are not overdue
Railway ticketsAs prescribed by / Indian Railways
Fuel surchargeAcquirer surcharge is 1% plus applicable taxes; 1% surcharge waiver excluding applies only on eligible transactions of select cards under their own T&Cs
Taxes and payment allocationApplicable tax: Haryana residence on statement date, 9% central + 9% state; other states, 18% integrated tax. Payments allocate in order: , , fees/charges, finance charges, balance transfer, retail spends, cash advance.
footnotesEducation: 8211/8220/8241/8244/8249/8299; third-party apps include CRED, Cheq and MobiKwik; network partners define and can change them.
  • This issuer schedule is attached for transparency, not as a claim that every row is unique to PSB cards. Read the card's current individual terms for applicability, exclusions and any newer changes.
  • page 7's named forex exceptions include Elite at 1.99%; it does not list PSB SimplySAVE or PSB PRIME among the reduced-markup exceptions.
Card — Key Fact Statement, copy dated 26 August 2026 (SI26082026) · Pages 6–9; issuer-level charges and footnotes · accessed 30 Sept 2026Open official source ↗
Table 3 · 37 rows · 4 columnsPSB SBI co-branded cards — July 2026 merchant offer circularOffers named in the PSB-hosted nine-page monthly circular. Validity is retained as printed, including expired or expiry-today offers; underlying detailed terms are hosted separately by SBI Card.View tableHide table

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PSB SBI co-branded cards — July 2026 merchant offer circular
PageMerchant / offerPublished valuePrinted validity
1 Card app e-store gift vouchersAvailable in the E-Store section of the Card mobile app; voucher value not specified in the circularNo end date shown
2Select Bosch productsUp to 15% instant discount30 September 2026
2Akshay Tritiya campaign in MaharashtraUp to 50% instant discount; offer/campaign description as printed18 April 2027
2Select LG productsUp to 26% instant discount30 September 2026
2Select Haier productsUp to 27.50% instant discount30 September 2026
2Select Godrej productsUp to 15% instant discount30 September 2026
2Select productsUp to 10% instant discount31 August 2026 — expired
3Select OPPO productsUp to ₹17,000 per card30 September 2026
3Monte Carlo outlets5% extra cashback17 August 2026 — expired
3Samsung consumer durable productsUp to 27.5% instant discount30 September 2026
3Food at IRA by Hotel Orchid10% instant discount30 September 2026 (page-group date; confirm against merchant terms)
3Food at Hotel Orchid10% instant discount30 September 2026 (page-group date; confirm against merchant terms)
3Select Panasonic productsUp to 12.50% instant discount30 September 2026
4Select Vivo smartphones10% instant discount30 September 2026
4Select Sony productsUp to 10% instant discount30 September 2026
4Whirlpool onlineUp to 20% instant discount30 September 2026
5Floweraura.com20% instant discount31 July 2026 — expired
5BakingoUp to 25% instant discount31 July 2026 — expired
5TravelxpUp to 15% instant discount31 August 2026 — expired
6Acer productsMerchant options; rate/discount not statedNo end date shown
6Blue Star productsMerchant options; rate/discount not statedNo end date shown
6Bosch productsMerchant options; rate/discount not statedNo end date shown
6Carrier air conditionersMerchant options; rate/discount not statedNo end date shown
6Daikin productsMerchant options; rate/discount not statedNo end date shown
6Faber productsMerchant options; rate/discount not statedNo end date shown
7HomeTownMerchant options; rate/discount not statedNo end date shown
7IFB productsMerchant options; rate/discount not statedNo end date shown
7JBL productsMerchant options; rate/discount not statedNo end date shown
7Mitsubishi air conditionersMerchant options; rate/discount not statedNo end date shown
7Nokia productsMerchant options; rate/discount not statedNo end date shown
7OnePlus productsMerchant options; rate/discount not statedNo end date shown
7Panasonic productsMerchant options; rate/discount not statedNo end date shown
8realme productsMerchant options; rate/discount not statedNo end date shown
8Reliance DigitalMerchant options; rate/discount not statedNo end date shown
8Samsung mobiles and tabletsMerchant options; rate/discount not statedNo end date shown
8TCL productsMerchant options; rate/discount not statedNo end date shown
8Voltas productsMerchant options; rate/discount not statedNo end date shown
  • The circular labels itself communication-only and directs cardholders to www.sbicard.com/offers for detailed T&Cs.
  • Offers ending 30 September 2026 are reproduced as printed; this batch was reviewed on that date, and subsequent availability must be rechecked.
  • The circular's extracted text places the Hotel Orchid validity adjacent to the merchant rows; the printed page image should be checked on a future visual review.
Punjab & Sind Bank-20 Jul26 · Pages 1–9; merchant offers and issuer disclaimer · effective 20 Jul 2026 · accessed 30 Sept 2026Open official source ↗

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