SBI debit card charges: Largest Bank in India, State Bank of India (SBI) has recently announced revisions to the Annual Maintenance Charges for some of their debit cards, the new rates will take effect from 01st April 2024. As per a press report, these changes aim to streamline the fee structure and ensure continued best in the industry service quality for cardholders. Here are the key highlights of these 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.
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.
SBI Debit 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.
