It's a 50-50 with the cashback card. Most of the time they do deduct according to their TnC, which state that "
reward points will be forfeited for all transactions done during the offer period". In case you don't have points, don't worry SBI got you. They will deduct equivalent cash and put you in negative.
Yes, they can even deduct them after one year ☺️
also there have been cases where they accidently deducted more cash/points. So, it's better if you write it down somewhere.
Ps: RBI turns a blind eye when it comes to SBI, so good luck if you have any future plans.
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