SBI Cashback Card – What are the real income/balance requirements after F54 decline ?

[friends2b11]

One of my friends recently applied for the SBI Cashback Card (I think this applies to other SBI credit cards too). After the penny drop KYC verification, SBI asked for income proof either through the income aggregator or by uploading the last 6 months’ bank statements via NetBanking.


In his case, they said the uploaded bank statement was not sufficient. An agent told him that he should maintain a minimum balance of at least ₹40,000 and also have monthly credits of at least ₹40,000, and that this is checked for the last 3 months (not the full 6 months).


Sometimes agents just say things like: “Didn’t approve your statement, we cannot process this application to the next step” — without giving a clear explanation.


This month, my friend got an F54 decline code (income mismatch). He’s planning to reapply next month/ after 3 months.


From what we understand, before reapplying he should:

• Have ₹40k or more credited every month for at least 3 continuous months
• Maintain an average balance of around ₹40k–₹50k in the account
• Make sure the declared income matches what’s visible in the statement (to avoid another F54)
• Keep the statement clean (no cheque bounces, EMI defaults, or unusual transfers)

So my question is: Are these requirements (₹40k balance + ₹40k monthly credits for 3 months) actually correct, or does it depend on the applicant’s overall profile ?

 

[Aniket Sharma]

One of my friends recently applied for the SBI Cashback Card (I think this applies to other SBI credit cards too). After the penny drop KYC verification, SBI asked for income proof either through the income aggregator or by uploading the last 6 months’ bank statements via NetBanking.


In his case, they said the uploaded bank statement was not sufficient. An agent told him that he should maintain a minimum balance of at least ₹40,000 and also have monthly credits of at least ₹40,000, and that this is checked for the last 3 months (not the full 6 months).


Sometimes agents just say things like: “Didn’t approve your statement, we cannot process this application to the next step” — without giving a clear explanation.


This month, my friend got an F54 decline code (income mismatch). He’s planning to reapply next month/ after 3 months.


From what we understand, before reapplying he should:

• Have ₹40k or more credited every month for at least 3 continuous months
• Maintain an average balance of around ₹40k–₹50k in the account
• Make sure the declared income matches what’s visible in the statement (to avoid another F54)
• Keep the statement clean (no cheque bounces, EMI defaults, or unusual transfers)

So my question is: Are these requirements (₹40k balance + ₹40k monthly credits for 3 months) actually correct, or does it depend on the applicant’s overall profile ?

You may submit your income docs, then it can be approved.