SBI Debit Card Annual Fees Increased By Upto 60%: Now Pay Rs 425+ GST For These Cards

Rohit Kulkarni

Rohit Kulkarni

Apr 06, 2024

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.

SBI Debit Card Annual Fees Increased By Upto 60%: Now Pay Rs 425+ GST For These Cards

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.

Sr NoParticularsExisting ChargesRevised Charges
1Classic /Silver/Global/Contactless Debit Cards.Rs.125/ +GSTRs. 200/ + GST
2Yuva/Gold/Combo Debit Card/My Card (Image Card)Rs.175/ + GSTRs. 250/+ GST
3Platinum Debit CardRs. 250/ +GSTRs. 325/+ GST
4Pride / Premium Business Debit CardRs.350/ +GSTRs. 425/+ GST

Note: GST is applicable @ 18%
Additional fees like debit card issuance fees, replacement fees, and others.

1Debit Card Issuance ChargesClassic /Silver/Global/Contactless Debit CardNil
Gold Debit CardRs 100/- + plus GS
Platinum Debit CardRs 300/- + plus GST
My Card (Image Card)
2Debit Card Annual Maintenance Charges (Recovered at the beginning of the second year onwards)Classic Debit CardRs 125/- plus GST
Silver/Global Contactless Debit CardRs 125/- plus GST
Yuva / Gold /Combo / My Card (Image) Debit CardRs 175/- plus GST
Platinum Debit CarRs 250/- plus GST
Pride/Premium Business Debit CardRs 350/- plus GST
3Debit Card Replacement ChargesRs 300/- plus GST
4Duplicate PIN/ Regeneration of PINRs 50/- plus GST
5International Transaction ChargesBalance enquiry at ATMsRs 25 /- + GST
ATM Cash withdrawal transactionsRs 100/- min. + 3.5% of Txn. Amt. + GST
Point of Sale(PoS)/ eCommerce transactions3% 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.

Rohit Kulkarni
Rohit Kulkarni
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