PSB SimplySAVE SBI Card

PSB's entry-level co-branded SBI card mirrors the familiar SimplySAVE structure — accelerated rewards on dining, groceries and utilities for value-conscious everyday spenders.

Rates and fees last verified 15 July 2026.

Annual fee

₹499

Joining fee

₹499

Reward type

points

Base reward rate

0.25%

Card network

RuPay

Card tier

Entry

Benefits by category

🍽️ Dining & food delivery
2.5% reward rate · 10X reward points at partner dining, grocery, movie and utility merchants
🛒 Groceries
2.5% reward rate
🧾 Utilities
2.5% reward rate
⛽ Fuel
1% fuel surcharge waiver on transactions ₹500–₹3,000
🌍 Forex / international spend
3.5% forex markup on international transactions

Eligibility

Minimum credit score: 650
Minimum monthly income: ₹20,000
Employment: salaried, self-employed
Age: 21–60

Benefits

2,000 bonus reward points on spending ₹2,000 within 60 days of card issuance
1% fuel surcharge waiver on transactions ₹500–₹3,000
10X reward points at partner dining, grocery, movie and utility merchants

Pros

+ Familiar, well-understood SimplySAVE reward structure
+ Accelerated rewards on dining, groceries and utility bills
+ Welcome bonus on early spend

Cons

− Annual fee from year one (not lifetime free)
− Reward caps limit value for heavy spenders

Apply on Punjab & Sind Bank's site