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SBM Visa Signature Debit Card - Free Domestic Lounge, golf access

lazyman

TF Buzz
Open SBM Bank Savings Account Online and get a SBM bank Visa Signature Debit Card. It is a zero balance account with no MAB and free debit card as well.

Benefits of the Card:
  • Domestic Lounge Access ( 3 times per quarter, all the visa supported lounges are eligible).
  • 2 International Lounge Access through LoungeKey(Currently, this benefit is not available as RBI restricted International remittances for SBM Bank Debit Cards, hence, international lounge access is not available, This will not work as international transactions won't work with debit card).
  • Free Golf (https://teepassindia.thriwe.com/):
    • 4 complimentary rounds of green fees per quarter
    • 12 complimentary golf lessons per calendar year Screenshot 2023-04-21 at 9.34.03 AM.png

How to Open Account Online:
  • Open https://www.sbmbank.co.in/# and in top right, Open Savings Account button.
  • Register and fill all the details, there will be Video KYC, after that your account will be opened.
  • Once you got the card, you need to set your card PIN and manage card usage(Enable Ecom, POS etc) through SBM Net Banking or SBM Mobile Banking(Because their ATM presence is very low and offline branches are very less)

I applied and got my card in 5 days.
 

telescope

TF Ace
Vkyc in the morning and was able to see my account in the evening.. welcome mail came at night 3 am.. @AritraSaha told me trick to check if account is opened or not.. just try to register for upi on paytm/gpay to see if it fetches your new account
Yayyyyy. UPI method worked. Can see last few digits of account.

So finally they accepted me.
What so special with this account?
Nothing special bhai to be honest. Just for collection. Few positives for this account, such as, unlimited atm transaction. If RBI ever allows forex transaction, then unlimited atm transaction worldwide and zero markup. Also International lounge will also work then.
 

ashwink

TF Infinite
TF Family
Sr Moderator
Yayyyyy. UPI method worked. Can see last few digits of account.

So finally they accepted me.

Nothing special bhai to be honest. Just for collection. Few positives for this account, such as, unlimited atm transaction. If RBI ever allows forex transaction, then unlimited atm transaction worldwide and zero markup. Also International lounge will also work then.
No unlimited transactions allowed for zero balance account (only for above 100k above )
 

telescope

TF Ace
No unlimited transactions allowed for zero balance account (only for above 100k above )
Where is this written? Their website is vague to be honest.

Can you send the link for charges for this zero balance account?

I guess it's RBI rule that every bank has to clearly mention schedule of charges on their website.
 

ashwink

TF Infinite
TF Family
Sr Moderator
Where is this written? Their website is vague to be honest.

Can you send the link for charges for this zero balance account?
I got mail few days back.
I will try to search and if possible I will update here ,( why should any bank provide unlimited transactions on atms<bcz banks paid fees behind each and every transaction> that too on zero mab account) .
 
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