SBI revises annual maintenance charges for debit cards effective April 1: Here’s what you need to know | India Business News

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.

Sr NoParticularsExisting ChargesRevised Charges
1Classic /Silver/Global/Contactless Debit Cards.Rs.125/ +GSTRs. 200/ + GST
2Yuva/Gold/Combo Debit Card/My Card (Image Card)Rs.175/ + GSTRs. 250/+ GST
3Platinum Debit CardRs. 250/ +GSTRs. 325/+ GST
4Pride / Premium Business Debit CardRs.350/ +GSTRs. 425/+ GST

Note: GST is applicable @ 18%
Additional fees like debit card issuance fees, replacement fees, and others.

1Debit Card Issuance ChargesClassic /Silver/Global/Contactless Debit CardNil
Gold Debit CardRs 100/- + plus GS
Platinum Debit CardRs 300/- + plus GST
My Card (Image Card)
2Debit Card Annual Maintenance Charges (Recovered at the beginning of the second year onwards)Classic Debit CardRs 125/- plus GST
Silver/Global Contactless Debit CardRs 125/- plus GST
Yuva / Gold /Combo / My Card (Image) Debit CardRs 175/- plus GST
Platinum Debit CarRs 250/- plus GST
Pride/Premium Business Debit CardRs 350/- plus GST
3Debit Card Replacement ChargesRs 300/- plus GST
4Duplicate PIN/ Regeneration of PINRs 50/- plus GST
5International Transaction ChargesBalance enquiry at ATMsRs 25 /- + GST
ATM Cash withdrawal transactionsRs 100/- min. + 3.5% of Txn. Amt. + GST
Point of Sale(PoS)/ eCommerce transactions3% 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.

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