SBI Cashback Card NTB Application & Verification Process

[PayKaroAbhi]

Hello everyone!
My mom had applied for Cashback Card on Wednesday, and she doesn't have any relationship with SBI.

She got a call for VKYC on Thursday but didn't do that on the same day. Video KYC was completed on Friday and got a verification call from Kolkata office on the same day and she asked to complete the esign process.

Today, got an address & occupation verification call from Gurgaon in the morning.

She has cards from Axis & HDFC with 60K & 63K limit respectively. Cibil is 750+.

is there any chance of getting approved?


Update:

Card got approved in six days.
1: Application Submitted
2: Got a call for VKYC with link and VKYC done
3: Got a verification call
4: Got Esign link and done
5: Got a verification call from Gurgaon
6: Physical Business Verification
7: Card Approved ✨

 

[PayKaroAbhi]

I don't have any SBI CC now, only home loan with SBI and saving bank account which I opened for getting Home loan.

What is over leverage thing? Is it having multiple credit cards from different banks?

Yes you must take SBI CC in your initial days only

 

[harsh_ujjwal]

Hello everyone!
My mom had applied for Cashback Card on Wednesday, and she doesn't have any relationship with SBI.

She got a call for VKYC on Thursday but didn't do that on the same day. Video KYC was completed on Friday and got a verification call from Kolkata office on the same day and she asked to complete the esign process.

Today, got an address & occupation verification call from Gurgaon in the morning.

She has cards from Axis & HDFC with 60K & 63K limit respectively. Cibil is 750+.

is there any chance of getting approved?


Update:

Card got approved in six days.
1: Application Submitted
2: Got a call for VKYC with link and VKYC done
3: Got a verification call
4: Got Esign link and done
5: Got a verification call from Gurgaon
6: Physical Business Verification
7: Card Approved ✨

Can you share limit??

 

[RadTheCrab]

I don't have any SBI CC now, only home loan with SBI and saving bank account which I opened for getting Home loan.

What is over leverage thing? Is it having multiple credit cards from different banks?

Y E S

SBI considers someone over-leveraged when the total credit limit across all the credit cards held by the person significantly exceeds their annual income. They use this ratio (Total Credit Limit / Annual Income) to determine the risk involved in lending a credit card to the person. The higher this ratio, the less likely they are to provide a credit card.

 

[PayKaroAbhi]

Can you share limit??

1.5 Lakh it is

 

[helloworld]

Finally after 23 working days, after VKYC, home verification, multiple phone calls, and waiting for 15 working days when remind them about card status, received a mail as "application declined" - a friend application.

Funfact: Received pre-approved FYF SBI OCtane card (1500rs.) but rejected SBI Cashback card (1000rs.).

I don't think its related to any parameter but just that it passed 21 working days and they forgot to pending tasks on the application makes it rejected, I believe.

But, do let me know if you do anything different for this scenario.

 

[Ganesan]

Will they do office verification for salaried person working in college? Is verification will done in any city or town irrespective of area? I am curious about this kindly reply. I have done vkyc it done so simple and phone verification for all details entered. They said I will get tele call verification for it.

 

[PayKaroAbhi]

Will they do office verification for salaried person working in college? Is verification will done in any city or town irrespective of area? I am curious about this kindly reply. I have done vkyc it done so simple and phone verification for all details entered. They said I will get tele call verification for it.

It might happen also might not. Depends on your background checks totally

 

[Ganesan]

It might happen also might not. Depends on your background checks totally

Ok bro I will update once my process is complete. I dint have salary slip either because I am new to this college and 6 months only completed in working. Any way I will give necessary document which I have for the verification.

 

[Ganesan]

It might happen also might not. Depends on your background checks totally

Bro today i received message on WhatsApp with card name, fees and limit(tentative) and it shows under processing. Yesterday night I received message of 11 working to process the application. So it means the card is approved for me?

 

[RadTheCrab]

Bro today i received message on WhatsApp with card name, fees and limit(tentative) and it shows under processing. Yesterday night I received message of 11 working to process the application. So it means the card is approved for me?

Not yet ...

 

[PayKaroAbhi]

Bro today i received message on WhatsApp with card name, fees and limit(tentative) and it shows under processing. Yesterday night I received message of 11 working to process the application. So it means the card is approved for me?

Yet to be decided

 

[Ganesan]

Yet to be decided

Ok bro is there any other process and verification like home or office from their side to process my application or it is over either they will approve or reject my application.

 

[PayKaroAbhi]

Ok bro is there any other process and verification like home or office from their side to process my application or it is over either they will approve or reject my application.

Just wait and watch. Anything can happen