Bank increases annual maintenance charges for these debit cards from April 1, Complete details here

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SBI: State Bank of India (SBI) has shocked crores of its customers. The annual maintenance charge of some debit cards of SBI has been increased. Till now SBI Bank customers are paying Rs 75 annually for the maintenance of debit card. Now these rates will be revised from April 1, 2024

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SBI: State Bank of India (SBI) has shocked crores of its customers. The annual maintenance charge of some debit cards of SBI has been increased. Till now SBI Bank customers are paying Rs 75 annually for the maintenance of debit card. Now these rates will be revised from April 1, 2024. The bank has increased the maintenance charges on most of its debit cards.

Bank card issuance charges vary depending on the type of card. Ranging from 0 for Classic, Silver, Global and Contactless Debit Cards to ₹300/+ plus GST for Platinum Debit Cards.

Apart from this, customers will have to pay charges for services like re-making of debit card (₹300/+ plus GST), resetting of duplicate PIN/PIN (₹50/+ plus GST) and international transactions.

International transaction charges include ₹25/+ plus GST for checking balance amount at ATM, minimum ₹100/- plus 3.5% of transaction amount for ATM cash withdrawal and 3% of transaction amount plus GST for Point of Sale . The bank charges 18 percent GST.

These are the revised charges

Number card current charge Revise Charges (01.04.2024)
1 Classic/Silver/Global/Contactless Debit Card ₹125/ +GST ₹200/ + GST
2 Young/Gold/Combo Debit Card/My Card (Image Card) ₹175/ + GST ₹250/+ GST
3 platinum debit card ₹250/ +GST ₹325/+ GST
4 Pride/Premium Business Debit Card ₹350/ +GST ₹425/+ GST

New Tax Regime: In these ways you can also avail tax exemption in the new tax regime, see details here

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