Priyanka Tiwari
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If you're a State Bank of India (SBI) customer and want to manage large purchases without a credit card, there's good news. SBI offers an EMI facility on debit cards, letting you split high-value transactions into easy monthly installments. Here’s everything you need to know about using this service.
Eligibility Criteria for SBI Debit Card EMI
Not all SBI debit cards are automatically eligible.
SBI pre-approves customers based on account activity, spending habits, and bank relationship.
How to check eligibility:
SMS Method:
Send DCEMI
Example: DCEMI 1234
Online:
Visit the official SBI website to check eligibility under the Debit Card EMI section.
Where Can You Use SBI Debit Card EMI?
The EMI facility is available with both online and offline merchant partners, including:
E-commerce platforms: Amazon, Flipkart
Retail chains: Croma, Reliance Digital, and other large stores
If your card is eligible, the EMI option appears automatically at checkout.
How to Avail Debit Card EMI at Checkout
Select your product on a supported online platform or retail store.
On the payment page, choose ‘Debit Card EMI’.
Select SBI Debit Card as the payment method.
Choose from available EMI tenures (e.g., 3, 6, or 9 months).
Review the interest and total EMI breakdown.
Enter your debit card details and confirm the payment.
Once approved, the EMI plan begins immediately, and deductions occur monthly.
Repayment and Deductions
EMIs are debited monthly from your SBI savings account.
SMS alerts are sent before each EMI deduction.
Make sure your account has enough balance to avoid penalties.
Interest Rates and Charges
Interest typically ranges from 12% to 16% per annum.
Some purchases may qualify for no-cost EMI, where the seller absorbs the interest.
Always check the final EMI breakdown at checkout.
Important Points to Remember
EMI applies to transactions usually above ₹5,000 or ₹8,000.
Foreclosure (early closure) may attract a small penalty.
EMI tenure and selection cannot be modified after confirmation.
Not all SBI debit cards are eligible — eligibility is account-specific.
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