How to convert purchase via SBI Debit card into EMI

How to convert purchase via SBI Debit card into EMI

• By Staff Writer

If you are a State Bank of India (SBI) debit cardholder, then you have the option of making big-ticket purchases via EMI. As per the bank's press release, "SBI offers EMI facility for its customers using SBI debit card in order to purchase consumer durables from merchant stores by swiping their cards at POS (Point of sale). They can also avail this facility while buying online via e-commerce portals such as Amazon & Flipkart through SBI debit card."

Eligibility

Before availing of the EMI facility, customers must confirm the amount they are eligible to claim. This can be checked by sending SMS from the mobile number that is registered with the bank.

The SMS must be sent in the following format: DCEMI to 567676 from the registered mobile no. with the bank.

If the debit card EMI is being availed at merchant store:

a. Swipe SBI Debit Card on POS Machine at merchant store

b. Select > Brand EMI > Bank EMI

c. Enter > Amount > Repayment tenor

d. Enter PIN and press OK after the POS machine has checked the eligibility

e. The loan amount is booked after successful transaction

f. Charge slip containing Terms & Conditions of Loan is printed and the customer has to sign on the same

If the EMI is being availed for purchases made on an e-commerce website:

a. Login on Amazon or Flipkart from the mobile no. registered with the bank

b. Select the required brand, article and proceed for payment

c. Select the Easy EMI option from different payment options that appear and then select SBI

d. The amount is auto fetched, enter the tenor and click on proceed

e. SBI Login page appears, enter the internet banking or Debit Card credentials

f. The loan is booked, terms & conditions (T&C) are displayed, if accepted, the order is booked

Other benefits:

As per the bank's press release, there are several other benefits offered on making an EMI purchase via an SBI debit card. These are as follows:

Zero processing fee

Zero documentation & instant disbursal

No blocking of Savings account balance

A Standing Instruction equivalent to the monthly installment amount will be set up on customers' savings bank account automatically upon availing of this facility.