SBI Loyalty Rewards Program for onlinesbi internet banking customers of State Bank of India

LOYALTY REWARDS PROGRAM is a scheme to reward existing as well as new retail internet banking customers of SBI w.e.f. 26th Nov., 2009. It is the stimulus for the customers to transact online, earn reward points and redeem the points for cash. This process is just one of the ways to reward our esteemed customers for their continued support and loyalty.

All existing and new retail internet banking customers of State Bank of India. No registration is required for enjoying the benefits of this program. All internet banking customers doing online transactions will be automatically eligible for loyalty rewards. Based upon the number of transactions a customer will gain points and these points can be redeemed online for cash back. The cash from the redemption proceeds will be immediately credited to the customers transaction account upon opting for redemption, subject to the availability of a minimum of 400 points at the time of each redemption.

Points can be accumulated by

• Bill payments, online shopping, merchant payments etc.
• Government transactions pertaining to retail/individual customers falling under Central/State taxes (OLTAS,CBEC etc), Cyber treasury
• Railways ticket booking through IRCTC.
• RTGS/NEFT (retail internet banking transactions only)/Visa Money Transfer
• IPO transactions.

More information can be found at ONLINESBI LOYALTY REWARDS PROGRAM FAQ