Recently, the State Bank of India has come up with the wide loyalty program for all its customers which awards them with reward points for various transactions across many banking services.
From shopping with your Debit Card to paying timely EMI for your loan, you earn Reward Points for a variety of transactions.
After sufficient rewards, one can use the reward points to pay for a wide range of products & services such as movie tickets, air tickets, mobile or DTH recharge, apparel, electronics, home appliances and more.
One can activate the account by visiting the State Bank Rewardz website www.StateBankRewardz.com or downloading the State Bank Rewardz mobile app.
How to earn reward points from SBI?
One can earn 1 reward point on every Rs 200 spent with your State Bank Debit Card.
Also, there is a large Max Get More network partner brands where State Bank Rewardz members earn EXTRA Reward Points for swiping their State Bank Debit Cards.
You earn Reward Points on various Financial and Non-financial Internet banking transactions on your
Registration + First Transaction Via State Bank Anywhere App, will earn 125 reward points.
One can fetch points from interbank transfer, credit card payment, demand draft and more. Non financial transaction like linking aadhaar card, cheque book, new PPF account and more.
You earn Reward Points on various transactions on State Bank Freedom App
Registration and First Financial Transaction will earn 200 reward points.
First third party transfer on NEFT/IMPS will earn 30 points
First third party transfer on NEFT/IMPS and online account opening with KYCs & min balance of INR 1,000 and first demat account transaction will earn 100 points each.
One can earn reward points on Auto loan EMI repayment, education loan EMI repayment within monthly due date.
Personal loan and Home Loan Timely repayment of EMI via Standing Instruction from SBI Account.
Reward points on various Demat Account transactions such as opening paid account and on first trade will get 125 points each.
Where to use Reward Points
You can redeem your Reward Points to get FREE gifts, merchandise and services on www.StateBankRewardz.com or on the State Bank Rewardz mobile app. Individuals can also redeem your Reward Points at Max Get More partner outlets.
You will need to achieve a threshold of 300 Reward Points to be eligible to redeem. If your Reward Points have not been redeemed for more than 36 months from the date of accrual, they are considered expired.
One can check Reward Point Balance, log in to your personal State Bank Rewardz Account or Call the Help Desk at 60008500/1-800-209-850