SCC - Reduction of limit

Effective 15 June 2025, the credit card limit will be revised to 90% of the fixed deposit amount.
This change applies to both existing and new users.

Example:
If a user creates a fixed deposit of ₹10,000, the corresponding credit card limit will be ₹9,000 (i.e., 90% of the FD amount).

The SBM bank will be sending communication in bulk to all the users via SMS & email on the changes. 

Notification sent via bank to all users where the credit utilization is less than 90%

SMS:

You have currently utilized {#Var#} of your limit. As part of a regular account review, your SBM {#Var#} credit card limit will be revised to 90% of your FD amount with SBM Bank, effective 15th June. SBM Bank India 

Email:

Dear Customer,

We hope this message finds you well.

As part of our regular account review process, we would like to inform you that your current credit card limit utilization stands at {#Var#}.

Effective 15th June, the credit limit on your SBM {#Var#} Credit Card will be revised. The new credit limit will be set at 90% of the principal amount of fixed deposits maintained with SBM Bank.
For any queries or further assistance, please feel free to contact our Customer Care team at 1800 2099 335 or 1800 103 3817. You may also reach us via email at customercare@sbmbank.co.in.

Warm regards,
SBM Bank (India) Ltd. 

Notification sent via bank to all users where the credit utilization is more than 90%

Email:

Subject: Important Update on Your SBM Credit Card Limit

Dear Customer

As part of regular account review process, with effect from <date>, the new credit limit of your SBM {#Var} Credit Card will be revised to 90% of the Principal amount of Fixed Deposits (FD Amount) maintained with SBM Bank India.

We observe that your current credit utilization is more than 90% of the revised limit. To ensure uninterrupted usage and continued benefits, we kindly request you to pay the outstanding amount on your credit card by 30^th June 2025 and bring your utilization within the revised limit.

Details of your Credit Limits and utilization as on <date> are as follows:

Total Outstanding on your Credit Card: INR__

Current Credit Card Limit: INR__

Revised Credit Card Limit (effective May 31, 2025): INR__

You are again requested to pay the outstanding amount by 30^th June 2025 and bring your utilized amount within the revised credit limit.

Please note: In case of failure to comply, Bank reserves the right to recall outstanding amount and cancel the credit card limit. Such recall may be reported to Credit Information Companies (CICs) and could impact adversely impact your credit score.

If you have any queries or require further assistance, please contact our Customer Care team at 1800 2099 335 / 1800 103 3817 or mail us at customercare@sbmbank.co.in

We look forward to continue serving you with the best of banking solutions.

Warm regards,

SBM Bank (India) Ltd.