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SBM Bank RuPay Platinum Card, Zero Balance Account Apply Process

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Finance Ninja
abhishek012
SBM Bank RuPay Platinum Card, Zero Balance Account Apply Process: Visit any SBM Bank branch, offline bank account opening. Account type - Private wealth saving account AMB - ZERO SMS charges - ZERO RuPay Platinum debit card issue - ZERO First deposit - 5 LAC (after cheque clearance, reverse back 5 lac transfer to regular bank) 7717448fRyoc0E 771744890J3DFY All credits goes to "@equalizer":https://www.desidime.com/users...58 SBM Bank Branch locations - https://www.sbmbank.co.in/aboutus/contact-...hp
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Benevolent Benevolent
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Worth applying? How’s their services?
Offline process rolleyes sleepy confused

Finance Ninja Finance Ninja
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Zero Balance Account and RuPay Platinum debit card 20% off AmazonPay wallet load offers, Free Airport lounge access.

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Generous Generous
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New zezo bal account used to provided with finin app. Now they suspended onboarding I think

Benevolent Benevolent
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i am stuck at 5 lakh deposit line. do we need to deposit 5 lakh first ??? @abhishek012 @MrKool_JJ @ El-Profesor

Deal Cadet Deal Cadet
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If you find a way to bypass this step, please share the update.. It will be really helpful as 5L first deposit is a big thing..

I had to contact Hyderabad, Mumbai and Bangalore branches and discuss with respective RM / BMs.. all had the same info PAN, Aadhaar, PP Photo, 5L Cheque and Signature.. process is 100% offline

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Deal Subedar Deal Subedar
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Why so high initial deposit? Seems fishy

Deal Lieutenant Deal Lieutenant
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they have only 8 branches all over india hushed
Deal Lieutenant Deal Lieutenant
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Saari daal hi Kaali hai joy joy

Deal Lieutenant Deal Lieutenant
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@abhishek012 any wallet providing rupay card where we can load money from credit card for free and use the same to pay rent in Paytm without any charges

Deal Lieutenant Deal Lieutenant
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Yespay

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Deal Subedar Deal Subedar
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Heard this SBM BANK for First time . Otherwise this is jackpot, all charges zero. But missing online process. Vu+

Deal Cadet Deal Cadet
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SBM is SBI of Mauritius. 

Deal Lieutenant Deal Lieutenant
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Rupay Platinum Debit card @ BOI

Please Visit
https://ddime.i...QS

Deal Newbie Deal Newbie
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Haven’t tried them before but thanks for the post. Will check them out to know more about their service.

Deal Cadet Deal Cadet
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@abhishek012 bhai.. saying goodbye to this rupay debit card ( unable to use it even once in last 12 months – due to OTP page infinite reload ) as BM / RM offered free upgrade to LTF 0-forex visa signature debit card ( 10K issuance waived off and 0 AMC )

Feeling sad as account closures and/or debit card closures are getting planned due to uncertainty of Rupay Amazon Friday offer being continued..

Ref - https://www.sbmbank.co.in/privatewealth/sbm-sig...

Finance Ninja Finance Ninja
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Oh, 😞

Bhai iska problem solve karo piche 1 year se ek chota sa problem ha, SBM RuPay platinum debit card pe, jo ab tak solve nahi kiye NPCI walo ne. @pranavcool

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Deal Cadet Deal Cadet
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@equalizer are you able to use UPI on this account ?

Also do we get different treatment/services if SBM account is opened by third party app like Niyo Global etc?

Deal Cadet Deal Cadet
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SBM Retail Account – NO
SBM Niyo – Yes

I have both so don’t know about differencee in treatment / service.

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Savings Mentor Savings Mentor
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I opened Niyo Global account recently and UPI works fine once I created ID (mobile number@sbmbank) from SBM bank mobile app for Niyo Global account, net banking by SBM bank also works although it's a joke/too basic. I also have SBM bank INDmoney account which it also shows in the app (no Debit card associated with that account though).

Savings Mentor Savings Mentor
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Btw anyone opened SBM Bank 0 balance savings account recently and got RuPay Platinum? Do they still have it with 5 lakh initial deposit ?

Savings Mentor Savings Mentor
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And suppose we visit branch to open account, then do we have to visit it again for ATM card activation? Does card arrive at home or at branch?

Savings Mentor Savings Mentor
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Update: I learned that you can call SBM Bank Customer care at 1800 103 3817 (mentioned at https://www.sbmbank.co.in/global_indian/relatio...) and they send you a link to open a savings account with them directly (not via their partners, that is). Click that link, fill up PAN, Aadhaar, complete OFFLINE Aadhaar XML verification, then complete video KYC, then fill up the account opening form including uploading signature, photo, debit card of your choice (choose RuPay Contactless) etc. They verify it and then your account is open. As Abhishek earlier said, initial funding is 5 lakh which you can transfer via IMPS and then they will issue you a RuPay Platinum debit card, once account is active and operational.

No need any more to physically visit branch. However I called their number, they took my request and called me 2 months later when I had given up hope.😂

Account type – Private wealth saving account,  AMB – 0, SMS charges – 0, cheque book charges – 0, RuPay Platinum debit card issue – 0, First deposit – 5 lakhs which you can reverse later as it is a 0 balance account. The lady who called me promised me a RuPay Platinum (as long as I chose RuPay Contactless) in the account opening form that comes after video KYC.

All thanks go to @abhishek012 bro for bringing this bank to my notice for direct account opening (if you have other accounts like Niyo Global, Hop Money, INDmoney Super Saver account, they will merge it under the same customer ID as the new savings account). They have SBM Mobile banking app and also a very basic and slow internet banking where you can add beneficiary, do fund transfers etc.

Deal Newbie Deal Newbie
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I don't have branch in my town. Does it matter. Is there any alternative way for 5lakh initial funding 

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Savings Mentor Savings Mentor
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OK so I found out that if you have a RuPay card, it will never show in the SBM Bank netbanking website or mobile app. You have to either visit some extremely far off ATM OR send an email to one of the BRANCH email IDs listed here: https://www.sbmbank.co.in/aboutus/contact-...hp (Note: not customer care).

Request them to enable e-commerce transactions on your debit card and they will enable it for you.

This is the second bank I have come across after TJSB which requires us to send email to control card channels (enable-disable ecommerce transactions). 😂

Savings Mentor Savings Mentor
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@equalizer @abhishek012 After emailing nodal officer, he was able to enable it with the help of backend team and after confirmation call to me. Finally it is working. November month wasted for RuPay offer but at least card charges are 0.

Finance Ninja Finance Ninja
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Send email again and told them to give e-com enabled and disabled option from app and net banking.

Otherwise you will complaint to RBI.

As per RBI Circular on Enhancing Security of Card Transaction, Customers can enable or disable any channel of their card and set individual limit for each channel as per their requirement - https://www.rbi.org.in/Scripts/NotificationUser...

Bol dena, next time agar card lost ho jaye ya replace karna pare toh itna problem nahi jhel sakte. Better hai app and net banking me yeh option de.

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Savings Mentor Savings Mentor
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Update: TJSB Bank's updated mobile app called Smart Money finally has added the ability to modify debit card channels and limits. No more need to email them. So now only SBM Bank is behind in this area. And @equalizer would know if they offer this facility for Visa cards.

Deal Cadet Deal Cadet
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I have been unable to log into their mobile banking since months now.. "Request Time Out" error all the time.. TBH I have zero tolerance policy towards SBM after waiting a year on Rupay DC 😂
Savings Mentor Savings Mentor
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Oh "one more thing". UPI transactions are not working on RuPay Platinum debit card at all (it says invalid card details when we try to set PIN). UPI ID/VPA is assigned using SBM Mobile app so crediting money using this VPA works but you'll have to use good old NEFT/RTGS/IMPS for moving money out from this account if not the debit card itself.

Maybe I should complain about this to someone - that UPI not working on RuPay debit card from SBM Bank? @abhishek012 please guide me where to complain.

And this is sad because UPI works on their Niyo Global Visa Signature or MoneyHop Visa Signature cards just fine!

Finance Ninja Finance Ninja
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Complaint to SBM bank, maybe some problem on their system.
Deal Newbie Deal Newbie
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Open zero bance account sbm bank 

Deal Newbie Deal Newbie
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ఎంMy domain bank credit card and postpaid card apply

Savings Mentor Savings Mentor
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Got an email:

Dear Customer,

We wish to bring to your notice that your SBM RuPay Platinum Debit Card is being discontinued, with effect from May 31, 2023. In view of this, you will be receiving a brand new SBM Visa Signature Debit Card, packed with a host of enhanced features, benefits, and privileges to complement your signature lifestyle.

Please note that your existing SBM Rupay Platinum Debit Card will be blocked upon the activation of your new card or within 30 days of its issuance, whichever is earlier. We request you to destroy your SBM RuPay Platinum Debit Card as soon as you activate your new SBM Visa Signature Debit Card.

Link to FAQ: https://www.sbmbank.co.in/wealth/sbm-signature-...

@abhishek012

"We would like to inform you that there are no visa debit card issuance charges and also there are no annual maintenance charges or fees."

Helpful Helpful
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Di you have RM, if yes ask about non metro cities 

Deal Newbie Deal Newbie
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0 balance account opening

Deal Newbie Deal Newbie
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Yes

Deal Newbie Deal Newbie
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hi I want to open sbm bank account 

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