Crores of customers of the country’s largest government bank SBI are going to get a big shock from next week. Actually, the government bank has announced to increase the annual maintenance charge for its various debit cards, which is going to be effective from next week.

Changes coming into effect from April 1

According to the information given on the official website of State Bank of India, the annual maintenance charge is being increased by up to Rs 75 in case of various debit cards. The new annual maintenance charges of debit cards will be effective from April 1, 2024. Crores of people in the country use SBI debit cards. SBI is also the largest bank in the country in terms of number of customers.

Charges increased in this way

In case of SBI Classic, Silver, Global, Contactless Debit Card, now customers will have to pay Rs 200 plus GST as maintenance charge. Currently this charge is Rs 125 plus GST. Similarly, in case of Yuva, Gold, Combo Debit Card, My Card (Image Card), a charge of Rs 250 will be levied instead of Rs 175. SBI Platinum Debit Card will now be charged Rs 325 instead of Rs 250. The annual maintenance charge for Pride and Premium Business Debit Cards will now increase from Rs 350 to Rs 425. Separate GST is applicable on all charges.

They will no longer get rewards

Some changes are also taking place in the case of SBI credit card. SBI Cards has informed that in the case of some of its credit cards, changes related to reward points are going to be implemented from April 1. Under this change, some special credit card holders will no longer get the benefit of reward points on making rate payments through credit cards.

Impact on already accumulated reward points

At the same time, those credit card holders of SBI card are also going to suffer loss, who till now have got the benefit of reward points on making rate payment through credit card. According to SBI Cards, the reward points accumulated from rent payments on the affected cards will expire after April 15, 2024. Meaning, if you also use SBI credit card and have got reward points on rent payment, then use them now, otherwise those reward points will expire soon.

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According to the PNB website, if you do not have sufficient balance in your account and the ATM transaction does not go through, you will be charged Rs 10 + GST ​​for cash withdrawal transactions. PNB told its customer, “Dear Customer, w.e.f. 01.05.2023, a charge of Rs 10 + GST ​​will be levied on domestic ATM cash withdrawal transactions that fail due to insufficient balance.

Revision in Debit Card Charges

As informed by PNB, the bank is revising debit card and prepaid card issuance charges and annual maintenance charges. Apart from this, PoS and e-commerce transactions done through debit cards will be charged. However, this charge will be levied only if the customer’s bank account does not have sufficient funds and the transaction could not be done because of this. That is, when you buy goods from an e-commerce website like Amazon Flipkart and pay with POS and debit card, but for some reason there is not enough balance in your account and the transaction fails, even then the bank is planning to impose penalty.

Below are the guidelines for failed ATM transactions as per PNB’s website.

1. Complaint regarding failed ATM transaction is to be addressed within 7 working days.
2. If the transaction does not happen within 30 days from the date of failure, a compensation of Rs 100 per day will be given by the bank.
3. If there is any problem or complaint, you can contact on customer care number 0120-2490000 or 18001802222, 1800 103 2222.

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