UPI & RuPay
UPI MDR October 15 Rollout Postponed: 0.4% Merchant Fee Now Due After Diwali
NPCI postponed the 0.4% MDR on select UPI merchant payments above ₹2,000 that was due October 15. Here is what remains unchanged and what happens next.
Joining Fee
₹499
One-time upfrontAnnual Fee
₹499
Waived on ₹1 lakh annual spendBase Rewards
1 Reward Point/₹150 Spent (Reward Rate = 0.17%) and 10X RPs for Spends on Movies, Grocery, Dining, & Departmental Stores (Reward Rate 1.7%)
On eligible spendsForex Markup
3.50% + GST
Cross-currency spendsLast verified 2 Oct 2026
Why Consider This Card?
Objective editorial assessment, ideal spender profile, and primary trade-offs
Editorial Verdict
4.1/5 Editorial Score
The SBI SimplySAVE UPI RuPay Credit Card is built for household everyday spending, combining traditional offline merchant rewards with RuPay UPI functionality. Cardholders earn 10 Reward Points per ₹150 spent (1.67% return) on dining, groceries, departmental stores, and movie tickets. By linking the card to UPI applications like Google Pay, PhonePe, Paytm, or BHIM, users can execute daily merchant QR transactions on credit. The annual fee of ₹499 is waived on ₹1,00,000 annual spend, and the joining bonus of 2,000 points (worth ₹500) effectively neutralizes the initial fee upon spending ₹2,00,000 in the first 60 days. Its limitations include a modest 0.17% base earn rate on non-category spends, a monthly 10X cap of 5,000 points (₹75,000 spend limit), a ₹99 + GST redemption fee, and absence of lounge access. Who it is best for: Homemakers and offline shoppers seeking an entry-level card for daily groceries, dining out, and merchant UPI payments. Who should avoid it: Online shoppers looking for high percentage cashback or frequent flyers needing airport privileges.
Ideal For:Everyday In-Store Spenders, Dining/Groceries & RuPay UPI
Card Strengths
- RuPay network enables seamless scan-and-pay merchant UPI transactions across India
- 1.67% value back (10 RPs per ₹150) on essential categories: groceries, departmental stores, dining, and movies
- Manageable ₹1,00,000 annual spend threshold for 100% renewal fee waiver
- 2,000 bonus reward points (worth ₹500) upon spending ₹2,000 in the first 60 days
- 1% fuel surcharge waiver for transactions between ₹500 and ₹3,000 (up to ₹100/statement cycle)
Things to Keep in Mind
- Very low base earn rate of 0.17% (1 RP per ₹150) on general retail spending
- Monthly cap of 5,000 points on 10X categories restricts benefits for heavy spenders
- ₹99 + GST fee charged per reward redemption request
- No airport lounge access privileges included
Additional Cardholder Privileges
Rewards
Rewards
1 Reward Point/₹150 Spent (Reward Rate = 0.17%) and 10X RPs for Spends on Movies, Grocery, Dining, & Departmental Stores (Reward Rate 1.7%)
Welcome
Welcome Benefit 1
2,000 Reward Points on Spending ₹2,000 in the First 60 Days
Rewards & Cashback Structure
Base earning rates, partner merchant acceleration, redemption options, and exclusions
- Reward Program Name
- Reward Points
- Reward Currency
- Reward Points
- Base Earn Rate
- 1 Reward Point/₹150 Spent (Reward Rate = 0.17%) and 10X RPs for Spends on Movies, Grocery, Dining, & Departmental Stores (Reward Rate 1.7%)
- Point Value (INR)
- ₹0.2500 per point
- Redemption Channels
- Refer to bank rewards portal
- Reward Point Expiry
- Refer to bank rewards program terms
Category Accelerated Earn RatesPublished Terms
| Spend Category | Earn Rate | Reward Cap | Conditions |
|---|---|---|---|
| Dining, Movies, Departmental Stores & Grocery | 10 Reward Points per ₹150 spent (10X rewards = 2.5% valueback) | No Cap | Standard terms apply |
| All Other Spends & UPI | 1 Reward Point per ₹150 spent (1 RP = ₹0.25) | No Cap | Standard terms apply |
Featured Merchant HubsAll Merchants
Estimate Your Custom Monthly Rewards
Calculate estimated net cashback and points across your actual spending pattern.
Reward Exclusions: Fuel transactions, wallet loading, cash withdrawals, rent payments, educational payments, and government services are generally excluded from base and accelerated reward point accrual across all Indian card issuers.
Reward Calculator
Estimate Your Annual Rewards
Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.
Verified Rates & Caps
Quick Select:
Total Monthly Spend:₹30,000 / month
₹5,000 / mo₹1 lakh / mo₹2 lakh / mo
Category Spend Allocation
Customize monthly spend in each category. Category amounts sum directly to your monthly spend.
Dining, Movies, Departmental Stores & Grocery2.50%
No published cap
₹
All Other Spends & UPI0.25%
No published cap
₹
Excluded / Non-Reward Spends0%
Fuel, rent, wallet, govt, cash
₹
| Category / Reward Bucket | Monthly Spend | Rate | Effective Rate | Cap Period | Eligible Reward | Cap Status |
|---|---|---|---|---|---|---|
| Dining, Movies, Departmental Stores & Grocery | ₹12,000 | 10 Reward Points per ₹150 spent (10X rewards = 2.5% valueback) | — | None | Calculating... | Under cap |
| All Other Spends & UPI | ₹18,000 | 1 Reward Point per ₹150 spent (1 RP = ₹0.25) | — | None | Calculating... | Under cap |
| Total Monthly Cashback | ₹30,000 | - | — | - | ₹0 / mo | Zero cap loss |
Annual Spends
₹3.6 lakh
12 billing cyclesAnnual Capped Rewards
₹0
0% blended returnEffective Fee
-₹499
Standard renewalNet Annual Value
+₹0 / yr
Rewards - Fee*Calculation based on verified card reward rates, applicable monthly caps, and fee-waiver thresholds - ₹499 annual fee.
Multi-card comparatorAirport Lounge Access
Domestic and international lounge privileges, spend hurdles, and participating terminals
No Airport Lounge Access Included
This card is tailored primarily for shopping rewards, cashback, or specific co-branded spend and does not include complimentary airport lounge visits.
Fees & Charges
Complete breakdown of joining, renewal, forex, financing APR, and transaction charges
1. Card Membership Fees
- Joining Fee (1st Year)
- ₹499
- Annual / Renewal Fee (2nd Year Onwards)
- ₹499
- Annual Spend Fee Waiver
- Waived on ₹1 lakh annual spend
- Fee Terms Notes
- 2,000 bonus reward points on spending ₹2,000 in first 60 days; fee waived on ₹1,00,000 spend; RuPay UPI enabled
2. International Spends
- Foreign Currency Markup (Forex)
- 3.50% + GST
- Dynamic Currency Conversion (DCC)
- Standard 1% mark-up on cross-currency INR transactions where applicable
3. Borrowing & Financing
- Monthly Interest Rate (Finance Charges)
- Refer to official schedule of charges
- Annualized Interest Rate (APR)
- Refer to official schedule of charges
- Cash Advance / ATM Withdrawal Fee
- Refer to official schedule of charges
- Interest-Free Period
- Up to 50 Days
4. Other Charges & Taxes
- Late Payment Charges
- Refer to official schedule of charges
Regulatory Tax Notice: Goods and Services Tax (GST) of 18% is applicable on all card fees, interest charges, and milestone fees as mandated by the Government of India.
Verified Terms & Exclusions Summary
Reward Accrual: 10 Reward Points per ₹150 spent on Dining, Movies, Departmental Stores, and Grocery purchases (approx 1.67% return); 1 Reward Point per ₹150 on all other retail categories (0.17% return). Accelerated Cap: 10X points capped at 5,000 Reward Points per calendar month (max ₹75,000 spend in 10X categories). UPI Integration: RuPay network card linking to third-party UPI apps for peer-to-merchant (P2M) payments. Fee & Waiver: ₹499 + GST joining fee (2,000 bonus points on ₹2,000 spend within 60 days). Renewal fee of ₹499 + GST waived on spending ₹1,00,000 annually. Exclusions & Fees: Fuel spends do not earn points. ₹99 + GST redemption fee per reward redemption request. Points valid for 24 months.
Is the Annual Fee Worth It?
Evaluate whether this card's perks and waiver threshold justify its ₹499 renewal fee.
Eligibility & Application Requirements
Income criteria, minimum age, CIBIL score benchmark, and verification checklist
Eligibility criteria not specified
Verified eligibility criteria are not currently available for this card. Check the issuer's latest terms before applying.
Mandatory Verification Documents
1. Identity ProofPAN Card (Mandatory), Aadhaar Card, Passport, or Voter ID.
2. Address ProofAadhaar (DigiLocker), Utility Bill (Electricity/Piped Gas), or Rental Agreement.
3. Income ProofLatest 3 months salary slips, Form 16, or latest 2 years ITR computation.
Frequently Asked Questions
Common questions regarding SBI SimplySAVE UPI RuPay Credit Card application, fees, reward redemption, and eligibility
Can I use the SBI SimplySAVE RuPay Credit Card for UPI payments?
Yes. As a RuPay credit card, you can link it directly to UPI apps including BHIM, Google Pay, PhonePe, Paytm, and CRED to make merchant payments by scanning QR codes.
What is the monthly cap on 10X reward points for SBI SimplySAVE?
The 10X reward points on dining, groceries, departmental stores, and movies are capped at 5,000 Reward Points per calendar month, which corresponds to ₹75,000 in monthly category spends.
What is the value of reward points earned on SimplySAVE?
4 Reward Points equal ₹1.00 (1 RP = ₹0.25). Points can be redeemed for items in the SBI Card rewards catalogue or adjusted against statement credit via customer service.
How can the annual renewal fee be waived?
The annual renewal fee of ₹499 + GST is waived if you spend ₹1,00,000 or more in the preceding card anniversary year across all eligible transactions.
What is the joining and annual renewal fee for SBI SimplySAVE UPI RuPay Credit Card?
The joining fee for SBI SimplySAVE UPI RuPay Credit Card is ₹499 (one-time), and the annual renewal fee is ₹499 from the second year onwards. GST of 18% is applicable on all fee charges.
Can the annual fee on SBI SimplySAVE UPI RuPay Credit Card be waived?
Yes, the annual renewal fee of ₹499 is waived upon achieving annual spends of ₹1 lakh in the preceding card anniversary year.
What are the primary rewards and cashback earn rates on SBI SimplySAVE UPI RuPay Credit Card?
SBI SimplySAVE UPI RuPay Credit Card offers 1 Reward Point/₹150 Spent (Reward Rate = 0.17%) and 10X RPs for Spends on Movies, Grocery, Dining, & Departmental Stores (Reward Rate 1.7%). Cardholders also enjoy accelerated reward rates on partner merchants and selected digital spend categories.
Does SBI SimplySAVE UPI RuPay Credit Card offer complimentary airport lounge access?
No, SBI SimplySAVE UPI RuPay Credit Card is designed for daily retail, cashback, or UPI spend and does not currently include complimentary airport lounge visits.
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Ready to Apply for SBI SimplySAVE UPI RuPay Credit Card?
Direct online application on the official SBI Card portal with paperless verification.
