SBM Visa Signature Debit Card - Free Domestic Lounge, golf access

[lazyman]

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

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.

 

[PRIYANSHU_]

I have the same card and I was able to register with LoungeKey.

Last ques
IP ??

 

[percolate]

Last ques
IP ??

0 initial payment and 0 MAB

 

[Deleted member 11974]

0 initial payment and 0 MAB

so how did they agree for a wealth account with 0 ip and 0 mab

 

[percolate]

so how did they agree for a wealth account with 0 ip and 0 mab

I am not sure. That's what I have been told by the person who helped me with opening the account.

 

[PRIYANSHU_]

I am not sure. That's what I have been told by the person who helped me with opening the account.

so, if I try to open account offline then there is no IP required.

 

[percolate]

I am not sure, I have opened the account online.

 

[Deleted member 11974]

i am unabel to open the account as i have a cust id due to one card fd with sbm

 

[percolate]

i am unabel to open the account as i have a cust id due to one card fd with sbm

even I had couple of SBM accounts opened via INDMoney when I opened this wealth account. They used my existing customer id while opening this wealth account.

 

[Deleted member 11974]

even I had couple of SBM accounts opened via INDMoney when I opened this wealth account. They used my existing customer id while opening this wealth account.

how did the online process happen for you
i get a login page and when i type my cust id it doenst go ahead

 

[percolate]

how did the online process happen for you
i get a login page and when i type my cust id it doenst go ahead

I submitted my details on their website and received a callback. https://www.sbmbank.co.in/wealth/private/

 

[Deleted member 11974]

I submitted my details on their website and received a callback. https://www.sbmbank.co.in/wealth/private/

thank you will do the samr

 

[Strange]

I was facing the same error when registering for LoungeKey. Then I realised the debit was not activated since I haven't used it even once.
After I used it for an online transaction, I tried to register with LoungeKey again and it worked this time.

Can you share BIN (starting 6 digits) of your debit card?

 

[percolate]

Can you share BIN (starting 6 digits) of your debit card?

BIN is 470924

 

[Strange]

BIN is 470924

My card has the same bin. How did international transaction go through if sbm debit cards are not allowed for international transactions by RBI?

 

[percolate]

My card has the same bin. How did international transaction go through if sbm debit cards are not allowed for international transactions by RBI?

As far as I understand, RBI ordered SBM Bank to stop all transactions under the liberalised remittance scheme (LRS), but international transactions are allowed.

 

[telescope]

As far as I understand, RBI ordered SBM Bank to stop all transactions under the liberalised remittance scheme (LRS), but international transactions are allowed.

No not allowed on DC. Only allowed on CC.

 

[percolate]

No not allowed on DC. Only allowed on CC.

can you give a link to the RBI's notice?

 

[telescope]

can you give a link to the RBI's notice?

You can search on internet. All debit card transactions are under LRS if currency is other than ₹. This is why niyo sbm dc doesn't work but cc is working.

 

[PRIYANSHU_]

I submitted my details on their website and received a callback. https://www.sbmbank.co.in/wealth/private/

So, If i submit my details on the link given and wait for call back.
They will open account for 0 AMB & 0 IP

 

[Deleted member 11974]

I submitted my details on their website and received a callback. https://www.sbmbank.co.in/wealth/private/

received a callback did vkyc
account opened succesfully
now will shift all my other bank balances here and will keep it here until their services disappoint me