Overview

SBI Rewardz is a way of adding value to the banking experience of our customers. An Enterprise-Wide Loyalty Program, SBI Rewardz awards Reward Points to SBI customers for their everyday transactions across multiple banking channels.

How does it work?

At SBI Rewardz, we believe that you must be rewarded whenever you use SBI products or services. SBI Rewardz aims to reward you in multiple ways to enable you to reach your rewards goal as soon as possible.


From shopping with your Debit Card to paying timely EMIs for your loan, you earn Reward Points for a variety of transactions.


You can then redeem your accumulated Reward Points to pay for a wide range of redemption options.


How do I become a member of SBI Rewardz?

All SBI customers are pre-enrolled into SBI Rewardz, on an individual basis. The Reward Points earned through all accounts held by you with SBI will be merged under one Customer ID.


The registration steps are mentioned below:


  • Click on “Register” on www.StateBankRewardz.com or click on "Sign up" on the SBI Rewardz Mobile App (available on Android and iOS).
  • Enter you SBI Customer ID or SBI Debit Card number
  • Enter the last 5 digits of your SBI account number
  • Key in the OTP triggered to your registered mobile number and e-mail address
  • Verify your personal details
  • Select a username and password of your choice

You have now been registered as a member of SBI Rewardz.


How do I earn Reward Points?

The enterprise-wide loyalty program rewards you for various transactions across many banking services.

You earn 1 Reward Point for every Rs.200 spent with your SBI Debit Card. Also, there is a large Max Get More partner network where SBI Rewardz members earn EXTRA Reward Points for swiping their SBI Debit Cards

Bonus Points:

Activation Bonus:

Use your SBI Debit Card to make the first purchase within a month of card issuance to earn 50 bonus Reward points. For the second transaction within the same month of card issuance, you will earn additional 50 Reward Points. For the third transaction within the same month of card issuance, you will earn additional 100 Reward Points! In other words, if you make 3 transactions within a month of getting your debit card, then you earn 200 bonus Reward Points (50 + 50 + 100 Reward Points).

Quarterly Transaction Bonus Points:

After the first month of getting your debit card, if you do a minimum of 3 transactions every quarter using your card, then the Reward Points that you earn for that quarter will be doubled for Classic/Silver/Gold/Other Debit Cards and will be tripled for Platinum Cardholders.

For example: if you carry out 3 transactions worth Rs. 2,000/- in one calendar quarter, then you get 20 Reward Points instead of 10 Reward Points if you have a Classic/Silver/Gold/Other Debit Card and 30 Reward Points if you have a Platinum Card.

You earn Reward Points on various Financial and Non-financial Internet banking transactions on your computer as well as on SBI Anywhere Personal App

Transaction Type Reward Points
Registration + First Transaction via SBI Anywhere Personal App

(First transaction within a month from activation date with minimum transaction value of INR 75/-)
125
Registration + First financial transaction

(First transaction within a month from activation date with minimum transaction value of INR 75/-)
125
First 15 financial transactions within 6 months of activation 8/ Transaction
All financial transactions post 6 months of activation or completion of 1st 15 transactions, whichever is earlier 3/Transaction
First 10 Non Financial transactions within 6 months of activation 8/ Transaction

Nature of the above financial and non-financial transactions

Financial Transactions
(Applicable only for 1st 15 transactions carried out during the first 6 months of activation)

Financial Transactions
(Applicable post 6 months of activation or completion of 1st 15 transactions, whichever is earlier)

Non-Financial Transactions

Interbank transfer

International Funds Transfer

Link your Aadhaar Number

International Funds Transfer

Credit Card (VISA) Bill Pay

Link your LPG Customer ID

Credit Card (VISA) Bill Pay

Bills Payment

IRCTC Quick Pay

Demand Draft

SBI Life Premium

Cheque Book

NPS Contribution

State Government Taxes

Closure of Loan A/C

IMPS Funds Transfer

Indirect Taxes

New PPF Account

e-TDR/e-STDR (FD)

Direct Taxes

Upgrade Access Level

e-RD/e-SBI Flexi Deposit

Gift Card

Online Nomination

e-Annuity Deposit

Prepaid Card

ATM Card Services

Bills Payment

SBI Virtual Card

SBI Life Premium

Change to Savings Bank Plus

State Government Taxes

Manage IPO Applicant

Indirect Taxes

SBI Group Services

Direct Taxes

Gift Card

Prepaid Card

You earn Reward Points on various transactions on SBI Freedom App

Transaction Type

Reward Points

Registration + First Financial Transaction
(Minimum Transaction of INR 75 within 1 month of registration)

200

Bill payments (SBI Life, SBI Card)

2/Transaction

Other Bills payments

1/Transaction

First third party transfer on NEFT/IMPS (Minimum Transaction of INR 5,000)

30

Subsequent third party transfers on NEFT/IMPS (Up to 10 Transactions; with Minimum Transaction Value INR 1,000)

3/Transaction

5 or more third party transfers on NEFT/IMPS during a quarter (Minimum Transaction of INR 1,000)

20

3 or more third party transfers on NEFT/IMPS during a month (Minimum Transaction of INR 1,000)

15

You earn Reward Points on various personal banking transactions as mentioned below

Transaction Type

Reward Points

Savings Account/Salary Account/NRI Account

Online account opening with KYC & min balance of INR 1,000

160

Account opening with all KYC & min balance of INR 2,000 (SB and CSP)

100

No cheque book request in a year

20

Loading of Family NRI Card through INB

20/ INR 1,000

Contact details update up to once in a year (SB, CSP and NRI)

20

Pehla Kadam/Pehli Udaan Account opening, with all KYCs & min balance of INR 1000

100

Account opening with INB & MB and with min balance stipulation (INR 1,000 for online account opening and INR 2,000 for account opening through Branch)

100

Standing Instruction (SI) for 12 months in the PPF account (Points will be rewarded after completion of last installment)

100

You can earn reward points on Rural Banking Transactions from Kisan Credit Card accounts to Agri Term Loans

Transaction Type

Reward Points

Applicable to Kisan Credit Card / Agriculture Cash Credit Accounts

Routing the proceeds of crop to Kisan Credit Card a/c (at least 3 credits in a year. Credit amount should be minimum 10% of outstanding)

100

Activation of State Bank Kisan Card(on RuPay platform)

50

KCC/ACC account renewed within 12 months from the date of disbursement/renewal

300

KCC/ACC account renewed within 24 months from the date of disbursement/renewal

200

KCC/ACC account renewed after 24 months from the date of disbursement/renewal

100

Applicable to Agri Term Loans

No overdue Agri Term Loan accounts within the Financial Year from April to March

200

You earn Reward Points on repayment of Home Loan, Auto Loan, Personal Loan and Education loan

Transaction Type

Reward Points

Auto loan EMI repayment within monthly due date

2/ month/ INR 1,000

Education loan EMI repayment within monthly due date

2/ month/ INR 1,000

Personal loan EMI repayment within monthly due date

2/ month/ INR 1,000

Home Loan Timely repayment of EMI via Standing Instruction from SBI Account (Excluding Staff & Max Gain Accounts)

30/ month

Home Loan Timely repayment of EMI by all other Customers (Excluding Staff & Max Gain Accounts)

15/ month

You can earn reward points for various SME Account transactions

Transaction Type

Reward Points

SME Current Account with Quarterly Average Balance - INR 10,000/-

120

SME Current Account with Quarterly Average Balance - INR 20,000/-

150

SME Current Account with Quarterly Average Balance - INR 1,00,000/-

750

SME Current Account with Quarterly Average Balance - INR 5,00,000/-

3000

Activation of SME Insta Deposit Card

20

Activation of SME Business Debit Card

20

First Transaction through Corporate Internet Banking Saral

20

First Transaction on Insta Card or BDC Card

 

20

Activation of dormant proprietorship current account

 

20

Registration bonus of 200 points will be awarded to all those customers who registers on Yono App between November 1 & November 30, 2018

You can also earn EXTRA Reward Points by using your SBI Debit Card at Max Get More partners. To know more, visit www.maxgetmore.com.


How do I know my Reward Point balance?

You can check your Reward Point balance anytime, anywhere.


Just log in to your SBI Rewardz account on www.StateBankRewardz.com or on the SBI Rewardz App.


What is the value of 1 Reward Point?

1 Reward Point is equivalent to INR 25 Paise. Thus, 1000 Reward Points get you free shopping worth Rs. 250.


For how long do the Reward Points remain valid?

The Reward Points remain valid for 36 months since the month of transaction.


Where can I use my Reward Points?

You can redeem your Reward Points to get FREE gifts, merchandise and services on www.StateBankRewardz.com or on the SBI Rewardz Mobile App.


This platform of FREE gifts, merchandise and services includes:



You can also redeem your Reward Points at Max Get More partners. To know more, visit www.maxgetmore.com.


To learn about SBI Rewardz, you can:


If you haven’t already registered, simply download the SBI Rewardz App from Google Play Store or App Store, and click on the “Sign Up” button or visit www.StateBankRewardz.com


If you have already signed up on SBI Rewardz, simply login to your account and start redeeming your Reward Points!