SBI debit card charges: The State Bank of India (SBI) has recently announced revisions to the annual maintenance charges for certain debit cards, set to take effect from April 1, 2024. As per an ET report, these changes aim to streamline the fee structure and ensure continued service quality for cardholders. Below are the key highlights of the revised charges:
Classic debit cards
Annual maintenance charges for Classic, Silver, Global, and Contactless Debit Cards will be increased to Rs.200/- plus GST, up from the previous Rs. 125/- plus GST.
Yuva and other cards
For debit cards like Yuva, Gold, Combo Debit Card, and My Card (Image Card), the annual maintenance fee will rise to Rs. 250/- plus GST, compared to the earlier Rs. 175/- plus GST.
Platinum debit card
Holders of SBI Platinum debit cards will see their annual maintenance charges go up to Rs. 325/- plus GST, from the earlier Rs. 250/- plus GST.
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Premium Business debit card
Annual maintenance charges for premium business debit cards such as Pride Premium Business Debit Card will be increased to Rs. 425/- plus GST, up from Rs. 350/- plus GST.
Classic debit cards
Annual maintenance charges for Classic, Silver, Global, and Contactless Debit Cards will be increased to Rs.200/- plus GST, up from the previous Rs. 125/- plus GST.
Yuva and other cards
For debit cards like Yuva, Gold, Combo Debit Card, and My Card (Image Card), the annual maintenance fee will rise to Rs. 250/- plus GST, compared to the earlier Rs. 175/- plus GST.
Platinum debit card
Holders of SBI Platinum debit cards will see their annual maintenance charges go up to Rs. 325/- plus GST, from the earlier Rs. 250/- plus GST.
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Premium Business debit card
Annual maintenance charges for premium business debit cards such as Pride Premium Business Debit Card will be increased to Rs. 425/- plus GST, up from Rs. 350/- plus GST.
| DEBIT CARD ANNUAL MAINTENANCE CHARGES | |||
| Sr No | Particulars | Existing Charges | Revised Charges |
| (01.04.2024) | |||
| 1 | Classic /Silver/Global/Contactless Debit Cards. | Rs.125/ +GST | Rs. 200/ + GST |
| 2 | Yuva/Gold/Combo Debit Card/My Card (Image Card) | Rs.175/ + GST | Rs. 250/+ GST |
| 3 | Platinum Debit Card | Rs. 250/ +GST | Rs. 325/+ GST |
| 4 | Pride / Premium Business Debit Card | Rs.350/ +GST | Rs. 425/+ GST |
Note: GST is applicable @ 18%
Additional fees like debit card issuance fees, replacement fees, and others.
| Sl.No | Particulars | Charges | Rs |
| 1 | Debit Card Issuance Charges | Classic /Silver/Global/Contactless Debit Card | Nil |
| Gold Debit Card | Rs 100/- + plus GS | ||
| Platinum Debit Card | Rs 300/- + plus GST | ||
| My Card (Image Card) | |||
| 2 | Debit Card Annual Maintenance Charges (Recovered at the beginning of the second year onwards) | Classic Debit Card | Rs 125/- plus GST |
| Silver/Global Contactless Debit Card | Rs 125/- plus GST | ||
| Yuva / Gold /Combo / My Card (Image) Debit Card | Rs 175/- plus GST | ||
| Platinum Debit Car | Rs 250/- plus GST | ||
| Pride/Premium Business Debit Card | Rs 350/- plus GST | ||
| 3 | Debit Card Replacement Charges | Rs 300/- plus GST | |
| 4 | Duplicate PIN/ Regeneration of PIN | Rs 50/- plus GST | |
| 5 | International Transaction Charges | Balance enquiry at ATMs | Rs 25 /- + GST |
| ATM Cash withdrawal transactions | Rs 100/- min. + 3.5% of Txn. Amt. + GST | ||
| Point of Sale(PoS)/ eCommerce transactions | 3% of transaction amount plus GST | ||
SBI Card changes
Starting April 1, 2024, SBI Cards will not earn reward points on rent payments for specific credit cards. Additionally, for some cards, reward points earned from rent payments will expire on April 15, 2024.
