SBI Corporate Purchase Card

Joining feeAnnual fee

₹0Nil

Priority Pass

Annual Priority Pass Fee: ₹180.

Surcharge on railway tickets

Railway counters: ₹30 + 2.5% of transaction fee; irctc.co.in: 1.8% of transaction amount + service charge, as applicable.

Insurance benefit

Protection against Employee Fraud with Fidelity Guarantee Insurance covering organization's liability against frauds by Corporate Cardholder.

Forex markup

Conversion mark upto 3.5%

Cash advance fee

Upto 2.5% of withdrawal amount or upto ₹450, whichever is higher, per transaction

Cash advance interestInterest on unpaid balance

Up to 3.35% per month, accounting to 40.2% per annum from the date of withdrawal

Cash withdrawal limit

Variable

Interest-free period

20-50 days, applicable only on retail purchases and if previous month's outstanding balance is paid

Late payment fee

NIL for Total Amount due from ₹0 - ₹200; ₹100 for Total Amount due greater than ₹200 & up to ₹500; ₹400 for Total Amount due greater than ₹500 & up to ₹1000; ₹500 for Total Amount due greater than ₹1000 & up to ₹10,000; ₹750 for Total Amount due greater than ₹10,000

Over-limit fee

Not Applicable on Corporate Cards

Payment return or dishonour fee

2% of payment Amount (subject to a minimum of ₹450)

Card replacement fee

Complimentary (when abroad)

Cash payment / cash deposit fee

₹100 + applicable taxes

Foreign ATM fee

Upto 3% of withdrawal amount or upto ₹450, whichever is higher, per transaction

Reward redemption fee

₹99

Fuel transaction fee

Petrol & all products/services: 1% of transactional value; surcharge waiver for single transaction spends of ₹500 to ₹3,000 for all other cards (maximum ₹100 per corporate card account) and ₹500 to ₹4000 for Signature & Platinum Cards (maximum ₹250 per statement cycle per corporate card account)

GST note

Haryana: Central Tax @ 9% and State Tax @ 9%; other than Haryana: Integrated Tax @ 18%