SBI's new zero-cost EMI facility, account balance doesn't matter: 5 points
The EMIs would begin one month after the transaction is complete, SBI said
SBI account holders can check their eligibility by sending an SMS
To make the shopping experience better, India's biggest lender State Bank of India or SBI has launched a new debit card EMI facility for its customers. SBI debit card holders can avail this facility at 4.5 lakh POS (point of sales) machines across India. They can buy consumer durable products on EMI at various merchant stores pan India using their SBI debit cards without having to pay entire amount immediately. It comes with zero processing fee and zero documentation.