SBI Debit Card Charges: Rs 100-425 plus GST issuance, maintenance, replacement, international ATM withdrawal transaction fees explained
SBI debit card charges explained: Did you know that State Bank of India (SBI) levies a fee ranging from Rs 200 to Rs 425 (excluding GST) for the annual maintenance or replacement of its debit cards? From April 1, 2024, SBI has revised the issuance charges applicable to a host of its debit cards, including the Classic, Silver, Global Yuva, Gold, Platinum and Pride cards. Catch all the latest details on the charges, fees, and applicable taxes (GST) here.
SBI Debit Card Charges Explained: State Bank of India (SBI), the country's largest lender, charges a fee of up to Rs 425 (excluding GST) for the issuance, replacement, or annual maintenance of its debit cards. With effect from April 1, 2024, SBI charges Rs 200-425 plus GST as the annual maintenance fee for its Classic, Silver, Global Contactless, Yuva, Gold, Combo, My Card, Platinum, Pride, and Premium Business debit cards, instead of the Rs 125-325 (excluding GST) earlier, according to its website, sbi.co.in.
It also charges a fee of Rs 300 (excluding GST) for the replacement of any of its debit cards.
Here's a lowdown on the various fees levied by SBI from its customers for the issuance, replacement, and maintenance of its debit cards:
SBI debit card charges: Issuance, AMC & replacement
Particulars | Card/transaction type | Charges |
Debit Card Issuance Charges | Classic /Silver/Global/Contactless Debit Card | Nil |
Gold Debit Card | Rs 100 + plus GST | |
Platinum Debit Card | Rs 300 + plus GST | |
My Card (Image Card) | ||
Debit Card Annual Maintenance Charges (Recovered at the beginning of the second year onwards) | Classic/Silver/Global/Contactless Debit Card | Rs 200 plus GST |
Yuva/Gold/Combo/My Card (image card) Debit Card | Rs 250 plus GST | |
Platinum Debit Card | Rs 325 plus GST | |
Pride/Premium Business Debit Card | Rs 425 plus GST | |
Debit Card Replacement Charges | Rs 300 plus GST | |
Duplicate PIN/ Regeneration of PIN | Rs 50 plus GST | |
International Transaction Charges | Balance enquiry at ATMs | Rs 25 + GST |
ATM Cash withdrawal transactions | Rs 100 min. + 3.5% of transaction amount + GST | |
Point of Sale(PoS)/ eCommerce transactions | 3% of the transaction amount plus GST | |
Goods and Services Tax (GST) applicable @ 18% | ||
(Source: sbi.co.in) |
SBI debit card charges: Duplicate PIN generation
Besides, SBI also levies a fee of Rs 50 (excluding GST) for generating a duplicate PIN for any of its debit cards, according to its website.
SBI debit card international transaction charges
State Bank of India also charges certain fees from its customers performing different types of transactions using its debit cards in foreign locations:
- Balance inquiry at ATMs: Rs 25 + GST
- ATM cash withdrawal transactions: Rs 100 (minimum) + 3.5 per cent of the transaction amount + GST
- Point of Sale(PoS)/e-commerce transactions: 3.0 per cent of the transaction amount + GST
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