SBM Bank ZET Credit Card
SBM Bank India · RuPay · Entry card
It lowers the entry barrier for credit builders while providing a meaningful UPI cashback route.
New-to-credit users willing to place a small fixed deposit and route merchant UPI payments through ZET.
Terms checked 24 Sept 2026
- Annual fee
- Lifetime free
- Joining fee
- ₹0
- Base reward rate
- 0%
- Forex markup
- 2.5%
Reward rates by spending category
Published catalogue rates before caps and merchant-category exclusions.
| Category | Recorded rate |
|---|---|
| Online shopping | 0% |
| Groceries & essentials | 0% |
| Dining & delivery | 0% |
| Fuel & commute | 0% |
| Travel & hotels | 0% |
| Bills & utilities | 0% |
| Beauty & wellness | 0% |
| Entertainment & movies | 0% |
| Education & family | 0% |
| Healthcare & pharmacy | 0% |
| Subscriptions & streaming | 0% |
| Offline store shopping | 0% |
| International spending | 0% |
| Gold & jewellery | 0% |
| House rent | 0% |
| Insurance premiums | 0% |
| Other miscellaneous | 0% |
Caps and fee waiver
- Reward caps
- No general cap recorded
- Annual fee waiver
- Not needed
- Monthly income requirement
- Fixed-deposit backed
Airport lounge access
No complimentary airport lounge access recorded
Benefits & conditions
Expand a category to see recorded benefits, fees and eligibility, with conditions and links to the sources. Categories without recorded details are grouped below; missing information does not mean a benefit is unavailable.
Rewards and cashback · 2 items
ZET Plus merchant UPI cashback
Usage-based value2% cashback only with an active ZET Plus subscription on eligible merchant UPI payments routed through ZET.
Conditions: 2% cashback only with an active ZET Plus subscription on eligible merchant UPI payments routed through ZET.
Optional ZET Plus 2% cashback on eligible ZET UPI payments for ₹3 per day
Shown without a cash value
Fees · 2 items
Lifetime-free annual fee
Recorded value ₹-0No annual card fee is recorded under the currently reviewed terms.
ZET Plus subscription
Cost ₹1,095₹1,095 recurring programme fee.
Welcome benefits · 1 item
Partner welcome ZET Coins
Shown without a cash valueThe SBM-specific partner material advertises welcome Coins, but programme value and current fulfilment are not guaranteed as cash.
Conditions: Complete current ZET and SBM onboarding conditions · Voucher catalogue and Coin conversion terms apply
Spend milestones · 1 item
ZET Plus brand discounts and voucher convenience-fee benefits are available under changing partner terms
Shown without a cash value
Insurance and protection · 1 item
ZET Plus advertises cyber-fraud and dark-web protection under programme terms
Shown without a cash value
Foreign-currency charges · 1 item
Foreign-currency markup
Usage-based value2.49% foreign-currency markup before applicable tax.
Conditions: Applies to eligible foreign-currency transactions
Eligibility and availability · 1 item
Restricted application availability
Shown without a cash valueApplication availability: secured. The SBM-specific ZET product requires a fixed deposit of at least ₹5,000. The card limit is 90% of the fixed deposit; income proof and prior credit history are not required.
Other benefits · 5 items
FD-backed route for building credit history
Shown without a cash valueEarly closure within the first year attracts ₹499 plus GST under the bank KFS
Shown without a cash valueLifetime-free FD-backed RuPay card
Shown without a cash value90% of the fixed deposit becomes the card limit
Shown without a cash valueNo income proof or prior credit history required
Shown without a cash value
Other categories (10)
These categories have no detailed entries. We distinguish confirmed absences from information that still needs review.
Fee waiver
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Card tiers
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Airport lounge access
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Movies and entertainment
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Travel privileges
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Dining
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Golf
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Fuel benefits
Details not yet availableThe reviewed issuer sources publish this benefit; its exact conditions are retained in the card benefit profile.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Memberships
Details not yet availableThe reviewed issuer sources publish this benefit; its exact conditions are retained in the card benefit profile.
Official source 1 ↗Official source 2 ↗Official source 3 ↗Concierge
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Official source 3 ↗
What stands out
- ✓ Lifetime-free FD-backed RuPay card
- ✓ Optional ZET Plus 2% cashback on eligible ZET UPI payments for ₹3 per day
- ✓ 90% of the fixed deposit becomes the card limit
- ✓ No income proof or prior credit history required
What to watch
The 2% cashback is not free or card-wide: this catalogue proposition includes the ₹3/day ZET Plus cost and requires an eligible merchant UPI payment through ZET. Ordinary card spend has no assigned reward.
Recorded exclusions
Cash withdrawal · Person to person upi · Fees charges
How GainFair evaluates this card
The personal card advisor applies your monthly spending to category rates, limits rewards at the applicable caps, adds eligible movie, milestone and lounge value, and subtracts annual fees plus foreign-currency markup and GST. It can recommend keeping your current cards when a new card does not create enough incremental value.
Compare against
These cards have the closest mix of purpose, reward style, fee model and tier. They are suggestions for comparison, not rankings.
Issuer sources
Open the sources used for this card's product details, rewards, fees and eligibility.
Sources checked 24 Sept 2026