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SBI Card Launches ‘SimplySAVE Merchant SBI Card’

Published on September 08, 2023
Current Context: The SimplySAVE Merchant SBI Card is a new credit card launched by SBI Card on Wednesday, September 6, 2023. It is designed to cater to the short-term credit needs of micro, small, and medium enterprises (MSMEs).
SBI Card Launches ‘SimplySAVE Merchant SBI Card’
  • Interest-free short-term credit up to 50 days ,10X reward points on utility, insurance, and telecom payments.
  • 1% fuel surcharge waiver across all petrol pumps up to Rs. 100 per month.Annual fee reversal on spending Rs. 1 lakh or more in a year.
  • Available on RuPay network and can be linked to UPI for payments through various UPI-enabled third-party apps.
  • The card is aimed at empowering MSMEs by ensuring easier and timely access to formal credit.
  • Dinesh Khara, Chairman of State Bank of India, said that the card addresses the need for easy and timely access to formal credit by providing interest-free short-term credit to MSMEs.
  • Abhijit Chakravorty, MD and CEO of SBI Card, said that the company was committed to crafting specialised payment solutions based on cardholders’ lifestyle and spending patterns.


Q.1 When was the SimplySAVE Merchant SBI Card launched?
a. Wednesday, September 6, 2023

b. Monday, September 4, 2023
c. Friday, September 8, 2023
d. Sunday, September 10, 2023
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