As per the recent announced revisions by the State Bank of India (SBI) regarding the annual maintenance charges for certain debit cards, the effective date shall be April 1, 2024.
These changes were aimed to streamline the fee structure as well as to ensure the service quality for cardholders. Below are key highlights of the revised charges:
Classic debit cards
Up from the previous Rs. 125/- plus GST, the annual maintenance charges for the Classic, Silver, Global as well as Contactless Debit Cards shall be increased to Rs. 200/- plus GST.
Yuva and other cards
For other debit cards which include Yuva, Gold, Combo Debit Card, and My Card (Image Card), as compared to earlier Rs. 175/- plus GST, the annual maintenance fee shall rise to Rs. 250/- plus GST.
Platinum debit card
From earlier Rs. 250/- plus GST, the holders of SBI Platinum debit cards shall see their annual maintenance charges go upto Rs. 325/- plus GST.
Premium Business debit card
Premium business debit cards such as Pride Premium Business Debit Card’s annual maintenance charges will be increased to Rs. 425/- plus GST, up from Rs. 350/- plus GST.
| DEBIT CARD ANNUAL MAINTENANCE CHARGES | |||
| Sr No | Particulars | Existing Charges | Revised Charges |
| (01.04.2024) | |||
| 1 | Classic /Silver/Global/Contactless Debit Cards. | Rs.125/ +GST | Rs. 200/ + GST |
| 2 | Yuva/Gold/Combo Debit Card/My Card (Image Card) | Rs.175/ + GST | Rs. 250/+ GST |
| 3 | Platinum Debit Card | Rs. 250/ +GST | Rs. 325/+ GST |
| 4 | Pride / Premium Business Debit Card | Rs.350/ +GST | Rs. 425/+ GST |
Note: GST is applicable @ 18%
Additional fees like debit card issuance fees, replacement fees, and others.
| S.No | Particulars | Charges | Rs |
| 1 | Debit Card Issuance Charges | Classic /Silver/Global/Contactless Debit Card | Nil |
| Gold Debit Card | Rs 100/- + plus GS | ||
| Platinum Debit Card | Rs 300/- + plus GST | ||
| My Card (Image Card) | |||
| 2 | Debit Card Annual Maintenance Charges (Recovered at the beginning of the second year onwards) | Classic Debit Card | Rs 125/- plus GST |
| Silver/Global Contactless Debit Card | Rs 125/- plus GST | ||
| Yuva / Gold /Combo / My Card (Image) Debit Card | Rs 175/- plus GST | ||
| Platinum Debit Car | Rs 250/- plus GST | ||
| Pride/Premium Business Debit Card | Rs 350/- plus GST | ||
| 3 | Debit Card Replacement Charges | Rs 300/- plus GST | |
| 4 | Duplicate PIN/ Regeneration of PIN | Rs 50/- plus GST | |
| 5 | International Transaction Charges | Balance enquiry at ATMs | Rs 25 /- + GST |
| ATM Cash withdrawal transactions | Rs 100/- min. + 3.5% of Txn. Amt. + GST | ||
| Point of Sale(PoS)/ eCommerce transactions | 3% of transaction amount plus GST | ||
SBI Card changes
From April 1, 2024, there shall be no reward points on rent payments for certain SBI credit cards. In addition to this, reward points earned from rent payments for some of the cards shall expire on April 15, 2024.
