SBI Cards has announced changes to its fee structure and other charges, effective November 1, 2025. The new charges will apply to select transactions, such as education-related payments and wallet loads, SBI Cards stated.

Cardholders should carefully review the updated fee structure to avoid any unwanted charges and ensure timely payments to maintain a healthy credit record. Find out more about the new charges SBI Cards is implementing.

Which payments will be charged the new fee?

SBI Card stated that education payments made through credit, checks, and third-party apps like MobiKwik will now be charged 1% of the transaction amount. However, SBI Card clarified that this fee will not be applicable on payments made directly to schools, colleges, or universities through its official website or on-site POS machines.

Wallet Load Transactions Will Also Be Charged

According to SBI Card, every wallet load transaction above ₹1,000 will be charged 1% of the transaction amount. This fee will apply to transactions made under select merchant codes. SBI Card said in a statement that the fee on education payments will be applicable to third-party merchants identified under Merchant Category Codes (MCCs) 8211, 8220, 8241, 8244, 8249, and 8299.

Check out the various SBI Card fees.

• SBI Card charges a cash payment fee of ₹250.
• If your payment fails, SBI Card charges a dishonor fee of 2% of the payment amount, up to a minimum of ₹500.
• SBI Card charges a check payment fee of ₹200.
• Cash advance fees at SBI ATMs and other domestic ATMs are 2.5% of the transaction amount, subject to a minimum of ₹500. At international ATMs, this fee is 2.5% of the transaction amount, subject to a minimum of ₹500.
• Card replacement fees range from ₹100 to ₹250, while for Aurum cards, this fee is ₹1,500.
• In case of an emergency card replacement abroad, the actual cost will be charged, which is a minimum of ₹175 for Visa and ₹148 for Mastercard.

How much late payment fee does SBI Card charge if the Minimum Amount Due (MAD) is not paid by the payment due date:

• ₹0 – ₹500: Zero
• ₹500 – ₹1,000: ₹400
• ₹1,000 – ₹10,000: ₹750
• ₹10,000 – ₹25,000: ₹950
• ₹25,000 – ₹50,000: ₹1,100
• ₹50,000: ₹1,300

Additional Late Payment Charges

If the Minimum Amount Due (MAD) is not paid by the due date for two consecutive billing cycles, an additional fee of ₹100 will be levied. This fee will apply for each payment cycle until the MAD is paid.

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The post SBI Credit Card users beware! Transaction and payment charges change from November 1st. Learn about the new rules. first appeared on Rightsofemployees.com.

Giving information to the customers, SBI Cards and Payment Services has told that it will affect the customers using SBI Credit Card. The bank has increased the card fee. This amendment will be applicable from 17 March 2023.

Information about this has been given by sending messages and mails from SBI Card. SBI Cards has told that users paying their fare through credit card will now be charged Rs 199 plus other applicable taxes.

Let us tell you that in November 2022, SBI Card had increased the payment fee in credit card fare to Rs 99 plus 18% GST, but instead of Rs 99 plus applicable taxes, now Rs 199 plus tax will be charged from them. Customers were informed about this. Giving information to the customers, the company has told that the new rates will be implemented soon.

SBI Card has told that it is increasing the processing fee in the payment of rent. The charges on SBI Credit Card rental payment transactions are being revised. Let us tell you that before this ICICI Bank, HDFC Bank and Kotak Bank have also increased.

Let us tell you that from February 15, 2023, Kotak Bank has collected 1 percent of the transaction amount and GST charge. At the same time, Bank of Baroda has also charged a transaction fee of 1 percent. HDFC Bank has also changed the rewards points. ICICI Bank has also changed the rates from 20 October 2022.

The post SBI Card Charges Increased: Big news for sbi customers! There will be a big change in the rules after 2 days first appeared on Rightsofemployees.com.

This amendment will be applicable from 17 March 2023. Information given by sending mail Information about this has been given by sending message and mail from SBI Card. SBI Cards has told that users paying their fare through credit card will now be charged Rs 199 plus other applicable taxes.

Revised rates will be applicable

Let us tell you that in November 2022, SBI Card had increased the payment fee in credit card fare to Rs 99 plus 18% GST, but instead of Rs 99 plus applicable taxes, now Rs 199 plus tax will be charged from them. Customers were informed about this. Giving information to the customers, the company has told that the new rates will be implemented soon.

Many banks have already increased

SBI Card has told that it is increasing the processing fee in the payment of rent. The charges on SBI Credit Card rental payment transactions are being revised. Let us tell you that before this ICICI Bank, HDFC Bank and Kotak Bank have also increased.

Let us tell you that from February 15, 2023, Kotak Bank has collected 1 percent of the transaction amount and GST charge. At the same time, Bank of Baroda has also charged a transaction fee of 1 percent. HDFC Bank has also changed the rewards points. ICICI Bank has also changed the rates from 20 October 2022.

The post Big shock to SBI customers: Big news! SBI Bank is going to make this big change regarding payment services, check details first appeared on Rightsofemployees.com.

If you use the credit card of State Bank of India, then there is big news for you. Now the processing fee has been increased on some credit card transactions done through credit card. According to the new update of SBI Cards, now the credit card rent payment transaction and merchant EMI transaction will attract higher processing fee. These new charges have come into effect from November 15, 2022. SBI Cards has also sent SMS regarding this to its customers.

According to the SBI Card website, “From November 15, 2022, all rent payment transactions will be charged a processing fee of Rs 99 + applicable taxes.” Also, “From November 15, 2022, all merchant EMI transactions will be charged a processing fee of Rs 199 + applicable taxes of Rs 99 + applicable taxes.” That is, if you are paying the rent with a credit card, then a processing fee of Rs 99 and GST at the rate of 18% will be levied on it.

ICICI Bank had also increased the processing fee

Last month, ICICI Bank had also increased processing by 1% on credit card rent payments. From October 22, this new fee was implemented for the bank’s credit card holders.

Apart from this, SBI Cards has issued another notice for its cardholders, according to which the reward points for shopping on Amazon are also going to be cut. 10X reward points for shopping on e-commerce sites with SimplyCLICK/SimplyCLICK Advantage SBI Card will become 5X points from January, 2023. You will continue to get 10X reward points for shopping at Apollo 24X7, BookMyShow, Cleartrip, EazyDiner, Lenskart & Netmeds.

The post SBI Card User Big Alert ! These transactions have become expensive, processing fees have increased first appeared on Rightsofemployees.com.