SBI Announces Revision of Debit Card Charges

SBI Debit card charges: The State Bank of India (SBI) has announced revisions to its annual maintenance charges for various debit card categories, set to take effect from April 1, according to information available on the SBI website. These changes encompass not only annual maintenance fees but also adjustments to charges related to card issuance and replacement.

Revised Charges for Debit Cards

The revised annual maintenance charges for different categories of SBI debit cards are as follows:

• The annual maintenance charge for Classic, Silver, Global, and Contactless Debit Cards will rise to Rs. 200 GST, up from the current Rs. 125 GST.
• For Yuva, Gold, Combo Debit Card, and My Card (Image Card): The annual maintenance fee will see a hike to Rs. 250 GST from the existing Rs. 175 GST.
• For the SBI Platinum Debit Card: The annual maintenance charge will now be Rs. 325 GST, up from Rs. 250 GST.
• For specific debit cards like the Pride Premium Business Debit Card: The annual maintenance charges will be raised to Rs. 425 GST from the current Rs. 350 GST.

Impact on Credit Cards

SBI has also announced changes to its credit card policies. Beginning April 1, the accrual of reward points on rent payment transactions will be suspended for certain credit cards. Additionally, the accumulation of reward points on rent payment transactions for select credit cards will expire on April 15.

Read also: Chinese Consumer Prices Rise in February, Marking End to Deflationary Trend

These revisions come as part of SBI's ongoing efforts to optimize its services and offerings. Customers are advised to stay informed about these changes and review their banking arrangements accordingly to avoid any inconvenience.