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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.
 
SBM bank silently introduced several charges to this account.

Annual debit card fee is now INR 750
Annual Maintenance Charges Upto INR 500 (don't know what the heck is this)

No more unlimited free ATM transactions.

Worse, they didn't inform customers about this change.

 

Attachments

SBM bank silently introduced several charges to this account.

Annual debit card fee is now INR 750
Annual Maintenance Charges Upto INR 500 (don't know what the heck is this)

No more unlimited free ATM transactions.

Worse, they didn't inform customers about this change.

This is not new I informed no unlimited free atm usage is provided in this card in my previous comments in this thread.
 
Everything is totally confusing. The charges are also not clear. It's written "upto".
Account variant also not mentioned. Schedule of charges and product page totally different.

Also, it is standard for all the banks to clearly show all the charges at the time of account opening, but nothing like that with SBM Bank.

Let's email to SBM nodal everyone. L1 are dumb fellows. There should be transparency in charges.
 
Everything is totally confusing. The charges are also not clear. It's written "upto".
Account variant also not mentioned. Schedule of charges and product page totally different.

Also, it is standard for all the banks to clearly show all the charges at the time of account opening, but nothing like that with SBM Bank.

Let's email to SBM nodal everyone. L1 are dumb fellows. There should be transparency in charges.
Please post email ID and email draft here..
 
Please post email ID and email draft here..
will send the draft in a bit

principalnodalofficer@sbmbank.co.in

Hi Team,
I can see that you have silently added debit card annual charges and account maintenance charges in the attached PDF.
Since this wasn't intimated to the customers kindly shed some light on the same and kindly let me know when do 6 months get over for my account so I can initiate account closure.

Regards,
 
will send the draft in a bit

principalnodalofficer@sbmbank.co.in

Hi Team,
I can see that you have silently added debit card annual charges and account maintenance charges in the attached PDF.
Since this wasn't intimated to the customers kindly shed some light on the same and kindly let me know when do 6 months get over for my account so I can initiate account closure.

Regards,
Mail sent. I'll be surprised if they reply
 
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