SBI Cards and Payment Services Limited announced that Stakeholders' Relationship and Customer Experience Committee of the Company has approved the allotment of 5,000 Fixed Rate, Unsecured, Rated, Taxable, Redeemable, Senior, Listed Non-Convertible Debentures (?NCDs?) of the face value of INR 1,000,000 each, at par, under Series 27 aggregating to INR 5,000 million on private placement basis. Deemed date of allotment - November 15, 2021 and Date of maturity is November 14, 2024. Coupon/Interest Offered - 5.75% p.a. Tenure of the instrument - 3 years. Schedule of payment of Coupon/interest and principal - Annual Interest/coupon payment. First Interest payment on November 15, 2022, Second Interest payment on November 15, 2023, Final Interest payment on November 14, 2024 along with maturity proceeds.