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.

CGHS New Rates : After the DA hike, now the health scheme will benefit, a big relief for central employees.

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The fourth month of 2024, April (April 2024), has started from today. The new financial year also starts from April itself. This means that the financial year 2024-25 (FY25) hasRules Change From 1 April 2024: Rules related to LPG cylinder and tax have changed from today, check the list here started from today.

Many financial rules change at the beginning of every month. Even today many financial rules have changed. These rules have a direct impact on the general public.

Changes in these rules
PF Account Transfer: Whenever we changed jobs, we had to transfer our PF account also, but from today there have been changes in the rules for PF account transfer. Employees’ Provident Fund Organization (EPFO) said that from April 2024, PF account will be transferred automatically. This means that now the user will not have to request for account transfer.

Tax Regime: If you had not selected the tax regime by March 31, 2024, then let us tell you that the New Tax Regime has become the default regime from April 1, 2024. This means that taxpayers who have not selected the tax regime will now automatically file ITR under the new tax regime.

Fastag KYC: Those Fastag users who have not yet done Fastag KYC, their Fastag has become inactive from today. This means that he will not be able to pay toll tax through Fastag.

Actually, NHAI had made Fastag KYC mandatory. The deadline for Fastag KYC was fixed as 31 March 2024.

NPS Account Log-in Process: From today the log-in process of NPS Account is different. PFRDA has made Aadhaar-Based Authentication mandatory for login. This means that now the user will have to enter the OTP received on the mobile number linked to Aadhaar along with the ID password.

LPG Cylinder Price: Oil companies have updated the prices of LPG Cylinder today. Before the elections, a reduction of Rs 32 has been announced in the price of commercial LPG cylinder.

From today, the price of 19 kg commercial LPG cylinder in the capital Delhi became Rs 1764.50. At the same time, its price has become Rs 1,879 in Kolkata, Rs 1717.50 in Mumbai and Rs 1,930.00 in Chennai. Let us tell you that there has been no change in the price of domestic cylinder.

SBI Credit Card Maintenance Charges: The maintenance charges of State Bank of India (SBI) credit cards have increased from today. At the same time, reward points on rent payment on the card have also stopped from today. This means that now if users make rent payment through credit card, they will not get any reward points.

Change in the rules of insurance surrender: From today, changes have been seen in the insurance sector also. Now the value received on policy surrender will depend on how many years the user is requesting for policy surrender.

Increase in prices of medicines: Some medicines have also become expensive from today. Drug price regulator National List of Essential Medicines (NLEM) has announced increase in the prices of many medicines.

PAN-Aadhaar Link: Those users who have not linked PAN Card with Aadhar Card till 31st March, their PAN card has become in-active from today. Now to activate PAN card, it will have to be linked to Aadhar card. For this a penalty of Rs 1,000 will have to be paid.

Cars have become expensive: If you are thinking of buying a car, then let us tell you that from today some vehicles of Kia Motors and Toyota have become expensive. The company had told last month itself that the prices of vehicles will increase from April 1, 2024. The company had taken this decision due to increasing supply chain cost.

HDFC Bank NEFT Transfer : Pay attention if you have an account in HDFC Bank! This service will not be available on April 1, keep this in mind while transferring money

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New Rules from 1st April 2024: The new financial year is starting with April. Along with this, new rules and regulations are going to be implemented. There are many changes related to your money, which will come into effect from April 1, so you will get the list of each change here. These changes include many rules related to PAN-Aadhaar Linking, FASTag KYC, NPS Account, Credit Card, Debit Card. Let us know.

1. NPS Account

Pension regulator Pension Fund Regulatory and Development Authority (PFRDA) has added a new step on login for the security of NPS accounts. Now two-factor Aadhaar based authentication will be mandatory for subscribers to access the CRA system and for password based users. After the implementation of this new security protocol, NPS Subscribers can now login to their account by simply authenticating their account with Aadhaar and entering the OTP received on their registered mobile number.

2. IRDAI Policy Surrender Value

New rules on policy surrender are also coming for insurance customers from April 1. Now under the new rules, the policy surrender value will be decided by the policy surrender period. That means, the longer the policy surrender period, the higher the surrender value. The surrender value is reduced if the policy is surrendered within three years.

3. E-Insurance

Another rule of IRDAI is coming into effect from April 1. From this day onwards it will be necessary for every policy to have a digitized format. That is, after opening the policy, the e-insurance account of the policyholder will be opened. This will make it easier for customers to manage and operate their policies.

4. FASTag KYC

According to the instructions so far, such Fastag accounts and devices will be declared invalid from April 1, 2024, if the KYC details will not be updated. Fastag KYC is mandatory from April 1, failing which the bank will deactivate the account.

5. SBI Credit Card

SBI Card has changed the rules of reward points on some of its cards. If users make rent payment through some cards including AURUM, SBI Card Elite, SBI Card Elite Advantage, SBI Card Pulse and SimplyCLICK SBI Card, then they will not get reward points on it from April 1.

6. YES Bank Credit Card

Yes Bank customers who spend Rs 10,000 on the card in a calendar quarter will be eligible for complimentary domestic lounge access from April 1.

7. ICICI Bank Credit Card

ICICI Bank has also increased the benefits on lounge access. Users can get a complimentary airport lounge access by spending Rs 35,000 in the previous calendar quarter. Spending in the previous calendar quarter will unlock access for the next calendar quarter. To be eligible for complimentary airport lounge access in the April-May-June 2024 quarter, you will have to spend a minimum of Rs 35,000 in the January-February-March 2024 quarter and so on for the remaining quarters.

8. Ola Money Wallet

Ola Money is switching to Small PPI i.e. Small Prepaid Payment Instrument Wallet. With this, from April 1, you will be able to deposit only Rs 10,000 per month in the wallet.

9. PAN-Aadhaar Link

According to the information available so far, the last date for linking PAN with Aadhaar is March 31. If any PAN cardholder does not link his PAN with Aadhaar, his PAN will become inactive.

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Rules change from 1 April 2024: The new business year will start from 1 April 2024. With the beginning of the new business year and the fourth month of 2024, there will be changes in many financial rules.

Let us tell you that many financial rules change at the beginning of every month. These financial rules have a direct impact on the general public. Today we will tell you which financial rules are changing from April 2024.

Fastag KYC is mandatory

The rules related to Fastag are changing from April 1, 2024. If you do not update Fastag KYC by March 31, 2024, you may face problems from next month.

Actually, the bank will deactivate Fastag without KYC. This means that even if there is balance in Fastag, payment will not be made through it. NHAI has made Fastag KYC mandatory.

PAN-Aadhaar link

It has been made mandatory to link PAN Card with Aadhaar Card. The deadline for linking PAN with Aadhaar (Pan-Aadhaar Link) is 31 March 2024. If PAN is not linked to Aadhar card then the PAN number will be cancelled.

That means PAN will not be used as a document. For linking PAN with Aadhaar after April 1, the user will have to pay a penalty of Rs 1,000. To avoid penalty, the user should link his PAN card with Aadhaar by March 31, 2024.

EPFO’s new rule

EPFO rules are also going to change from April 1, 2024. Actually, Employees Provident Fund Organization is going to implement the new rule from next month. According to this rule, now after changing job, the PF account will be transferred in auto mode.

This means that now the user will not need to give a request to transfer the account. After the implementation of this rule, the problems of the users will be reduced to some extent.

SBI Credit Card

Those users who have SBI Credit Card, let them know that there is going to be a change in the rules of Credit Card from April 1, 2024.

If you make rent payment through SBI credit card, then let us tell you that from April 1, you will not be given any reward point on rent payment. This rule will be valid on some credit cards from April 1, while on others it will be applicable from April 15, 2024 onwards.

LPG gas price

LPG Cylinder Price is updated across the country on the first of every month. LPG prices will also be updated on April 1, 2024.

However, the possibility of change in their prices between Loksabha Election 2024 is very less.

New tax regime

If the taxpayer has not yet selected the tax regime, then he has only a few days left. Actually, from April 1, 2024, the new tax regime will become the default tax regime.

That means the taxpayer will automatically have to pay tax as per the rules of the new tax system.

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SBI Credit Card Rules: If you also have SBI Credit Card, then there is bad news for you. SBI has given a big blow to credit card users. Many major changes have been made by SBI Card in the rules of credit card (SBI Credit Card news). The new rules will come into effect from 1 April 2024. SBI has told customers that no reward points will be given on rent payment from April 1.

According to the circular issued by SBI, this rule will be applicable on some credit cards from April 1 and on some credit cards this rule will be applicable from April 15.

Reward points will not be available on these cards from April 1

Let us tell you on which SBI cards reward points will not be available from April 1… SBI Card Elite, SBI Card Elite Advantage, SBI Card Pulse, SimplyClick SBI Card, SimplyClick Advantage, SBI Card SBI Card Prime, SBI Card Prime Advantage SBI Card Platinum, SBI Card Prime Pro, SBI Card Shaurya Select, SBI Card Platinum Advantage, Doctor SBI

The names of Gold SBI Card, Gold Classic SBI Card, Gold Defense SBI Card, Gold and More Employee SBI Card, Gold and More Advantage SBI Card, Gold and More SBI Card, SimplySave SBI Card are also included in the list.

On which cards reward points will not be available from April 15

Apart from this, reward points will not be available on some SBI cards from April 15. This list includes Air India SBI Platinum Card, Air India SBI Signature Card, FBB Styleup SBI Card, Central SBI Card, Central SBI Card Select, Nature Basket SBI Card, Aditya Birla SBI Card Select, BPCL SBI Card Octane, IRCTC SBI Card Premier, The names of Club Vistara SBI Card Prime, Lifestyle Home Center SBI Card, Lifestyle Home Center SBI Card Select, Lifestyle Home Center SBI Card Prime, Nature Basket SBI Card Elite, Fabindia SBI are included.

Petrol-Diesel Price : Oil companies updated the prices of petrol-diesel, check the latest rates in your city.

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Explain that State Bank of India Cards and Payment Services issues many credit cards and offers vary depending on the type of card.

Latest Changes in SBI Credit Card

• According to SBI Card’s website, AURUM cardholders will no longer get the Rs 5,000 coupon from RBL Luxe on milestone spends of Rs 5 lakh, but will instead get a voucher from Tata CLiQ Luxury from May 1, 2023.
• Benefits of EasyDiner Prime and Lenskart Gold membership will not be available in AURUM Card from May 1.
• From May 1, 2023, instead of 5X reward points, 1X reward point is being given on rent payment transactions through SimplyClick SBI Card and SimplyClick Advantage.
• From April 1, 2023, SBI Card has started earning 5X Reward Points instead of 10X Reward Points on Lenskart Online Shopping with SimplyClick SBI Card and SimplyClick Advantage. However, your card will still earn 10X reward points on online purchases from Apollo 24X7, Bookmyshow, Cleartrip, EasyDiner and Netmeds.
• The company has increased the processing fee on Rent Payments through credit cards. SBI Card had told in the SMS sent to the users that now they will have to pay Rs 199 + taxes instead of Rs 99 + taxes. These rules have come into effect from March 17, 2023.

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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.

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SBI Credit Card Alert: If you are using the credit card of State Bank of India, then this is important news for you. The bank has informed its credit card holders about the new charges by sending an email. According to this email, earlier there was a processing fee of Rs 99 for paying rent through credit card. Now it has been doubled. From March 17, 2023, the bank has increased it to Rs 199. Apart from this, tax will be charged separately.

How much does SBI charge?

According to the information available on the website of SBI Card, on November 15, 2022, the bank imposed a transaction charge of Rs 99 on the rent payment. Apart from this, GST of 18 percent is charged separately. As per the information available on the website, the merchant EMI transaction charge was also increased from Rs 99 to Rs 199 on November 15. GST is charged separately.

How much does HDFC Bank charge?

Apart from SBI, there are many other banks which provide the facility of rent payment through credit card to their customers. According to the information available on the HDFC Bank website, you get an interest-free credit period of 45-50 days before depositing the rent with the help of HDFC Credit Card. HDFC Bank charges 1% of the rental amount which is applicable from the second month.

How much does ICIC Bank charge?

According to the information available on the website of ICIC Bank, if you make rent payment with the help of ICICI Credit Card, then it will also be 1% of the rental amount. From October 2022, the bank started this facility.

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State Bank of India Cards and Payment Services has changed the charges and fees of SBI Credit Card. The new charges will be effective from March 17, 2023. According to an SMS and email sent to SBI card customers, customers who were paying their fare through credit cards will be charged Rs 199 + taxes, going over Rs 99 + applicable taxes. SBI Card had increased the processing charge by 18 per cent to Rs 99 plus GST on rent payments made using credit cards in November 2022.

SBI Credit Card Charges and Fees at a Glance

1. Annual and renewal fees: Annual fees and renewal charges are applicable on SBI Credit Card (SBI Card). Annual fee is one time charge and renewal charge is taken every year. These charges differ from cardholder to cardholder and for multiple types of cards.
2. Cash Advance Fee: The Cardholder can use the Card to withdraw cash from Domestic/International ATMs in case of emergency. Transaction charges will be levied on all such withdrawals and will be billed to the cardholder in the next detail. A transaction charge of 2.5% or Rs 500, whichever is higher, will be levied at domestic ATMs and 2.5% or Rs 500, whichever is higher, at international ATMs.
3. Cash Payment Fee: Cardholder can make SBI Credit Card payment at select State Bank of India (SBI) branch by mentioning his credit card number and the amount in the pay-in slip and depositing it at the branch counter. The card holder will be given an instant payment acknowledgment slip. This facility is available at Rs 250 + taxes.
4. Interest Free Grace Period: The interest free loan period can range from 20 to 50 days, subject to the submission of the claim by the merchant.
5. Finance Charges: Finance Charges at monthly interest rate will be levied on all transactions including unpaid EMI installments from the date of transaction, in case the Cardholder chooses not to pay the full balance amount and on all Cash Advances availed by the Cardholder Is.

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Now State Bank of India customers can check their account balance and mini statement of account through Whatsapp.

Along with this, SBI credit card users can get overview of their credit card account, rewards received, unpaid balance and other information through Whatsapp. SBI has given this information on its Twitter handle.

Banking can be done through WhatsApp

SBI Bank has launched WhatsApp Banking service for its customers. Banking service has been started keeping in view the convenience of the customers.

SBI customers can easily check their bank balance through WhatsApp Banking. They can also check the mini statement through this WhatsApp banking and get it on WhatsApp.

What is SBI WhatsApp number

SBI has released its new banking service number for WhatsApp Banking. You can save the SBI WhatsApp service number +919022690226 in your mobile.

You have to get yourself registered to avail this service. You can use WhatsApp banking service only if you get yourself registered with it.

How to Register Yourself

After doing this you will be registered for SBI WhatsApp service. After the registration is complete, you will have to send it by typing ‘HI’ in the WhatsApp chat box of SBI. With this, the service menu will come on your mobile. Now you can use SBI’s Whatsapp service for whatever you want.

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