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.

Bank on Sunday: This time banks will open on Sunday also, these banking services will be available in the branch

The post SBI Debit Card Charges : Shock to crores of SBI customers, more money will be charged for this work from April 1 first appeared on Rightsofemployees.com.

If you are also an SBI customer and use its banking services extensively, then once in a year some deduction is made from your savings account. Often people start circling the banks regarding this deduction.

State Bank has also deducted Rs 206.5 from your savings account, so you must be wondering why the bank deducted this money without you doing any transaction.

From 147 to 295 rupees have been deducted from the account of many SBI account holders. This happened because State Bank of India levies different charges from customers having Yuva, Gold, Combo or My Card (Image) Debit/ATM cards.

SBI charges Rs 175 as annual maintenance fee from people using any of these Debit/ATM cards including Yuva Debit Card, Gold Debit Card, Combo Debit Card, or My Card (Image) Debit/ATM Card.

At the same time, 18% GST is also applicable on this deduction, so Rs.31.5 (18% of Rs.175) GST has been added to the amount, therefore, with Rs.175 + Rs.31.5, the amount becomes Rs.206.5. Now you must have fully understood that why and how State Bank of India deducted Rs 206.5 from your savings account?

The post SBI account holders Alert! Rs 147, 206.5 or 295 has also been deducted from your account.? know the whole reason first appeared on Rightsofemployees.com.