State Bank Of India

SBI Cards and Payment Services (SBI Card), a joint venture between State Bank of India and GE Capital, has launched its SimplySAVE SBI credit card with features designed to complement the spending habits of credit card users. The card has been designed to maximise savings for users while they continue with their spending patterns. Inspired by the spending habits of young generation, this card offers a rewarding experience while dining, watching movies or shopping at supermarkets.

The SimplySAVE card offers additional value from the very first swipe as cardholders get 2,000 reward points on spending Rs. 2,000 within 60 days of card issuance. The Card also offers 2.5% fuel surcharge waiver at all fuel stations across the country, adding to the savings.

State Bank of India is an Indian multinational, Public Sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra. As of December 2013, it had assets of $388 billion and 17,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets.