UCO Bank SimplySAVE SBI Card
Eligible dining/grocery statement-credit floor: 10 points/₹150, shared 5,000-point monthly cap; full 4,000-point redemption blocks, one request fee and annual GST-inclusive fee
Try your spend →Named co-brand statement-credit floor
One entered eligible direct-card, non-EMI purchase is repeated monthly for twelve months. Eligible restaurant and grocery transactions must match issuer MCCs: dining 5812, 5813 or 5814; grocery 5411. Each complete ₹150 block earns 10 points in these modeled categories, sharing a 5,000-point calendar-month accelerated cap across dining, groceries, departmental stores and movies. Beyond that cap, additional complete blocks earn one point per ₹150. The issuer also lists departmental-store MCC 5311 and cinema MCC 7832, but those accelerated routes are not priced in this floor. Eligible Amazon, Flipkart, Myntra, Shoppers Stop, other shopping, Swiggy and Zomato direct-card retail purchases use the conservative base of one point per complete ₹150. Delivery merchant names do not prove dining classification. Splitting purchases can change point awards. Metro Cash & Carry, Flipkart Wholesale and Walmart do not receive the grocery/departmental acceleration. The current Shop & Smile terms explicitly bind banking co-brand accrual and caps. The named UCO booklet equates 2,000 points with ₹500 statement credit, or ₹0.25 per point, but its old 2,000-point redemption minimum is superseded: from 1 April 2026, statement credit requires multiples of 4,000 points, capped at 60,000 points per card per calendar month. The floor accumulates twelve monthly awards and counts only full 4,000-point blocks, with one annual redemption request capped at 60,000 points. Residual points receive zero value; they can carry forward but expire after 24 months. One ₹99 plus estimated 18% GST request fee (₹116.82) is deducted only when a redemption is possible. Statement credit reduces card outstanding; it is not cash withdrawal or a monthly payout. The monthly result is annual realizable statement-credit value divided by twelve before the card fee. Current named MITC lists ₹499 plus GST joining and annual renewal fees, with renewal waived on preceding-year ₹1 lakh spend. The calculator deducts one ₹588.82 annual charge without assuming waiver; joining and renewal are not charged together. Welcome points, fuel-surcharge relief, fee-waiver value, vouchers, lounges and other perks are unpriced, not absent. All UPI, fuel, utility, LIC, membership, portal, travel and unknown-payment routes are unpriced here. Fuel, cash advances, balance transfers, fees, wallet/account funding, rent, government-related and digital-gaming transactions are excluded under issuer rules. EMI conversions and successful instant-discount/cashback offers can reverse points; refunds and disputed transactions adjust awards. No other cap-consuming spending, starting points, refunds or reversals are assumed. Timely payment, active account, current KYC and eligible merchant coding are required. Pay in full; interest and other charges can erase returns.
Twelve-month redemption examples
One ₹5,000 eligible grocery purchase each month earns 330 points per month, 3,960 annually: below a 4,000-point statement-credit block, so no currently redeemable credit and net −₹588.82 after the annual card fee. At ₹10,000 each month, 7,920 points accumulate; only 4,000 are redeemed for ₹1,000. Less one ₹116.82 request charge and ₹588.82 annual fee gives ₹294.36 annual net. At ₹75,000 per month the accelerated cap gives 5,000 points per month, 60,000 annually, or ₹15,000 statement credit; net ₹14,294.36 after both charges. Higher annual balances cannot redeem more than 60,000 points in the one-request floor; residual points have zero modeled value. At ₹149 per purchase no complete earn block exists. Other cap-consuming spending, refunds, EMI and actual merchant coding can change these examples. No renewal waiver or welcome bonus is assumed.
Issuer sources
Named UCO SimplySAVE product · Named UCO reward and Cash Point booklet · Current Shop & Smile terms and 1 April 2026 redemption rules · Current named joining and annual fees
Checked 2 October 2026. Network unspecified without current named issuer proof. Only verified eligible direct-card retail priced; UPI and other perks unpriced.