Thu, Mar 28, 2024
SBI debit card charges from April 1, 2024: SBI is scheduled to raise the annual maintenance charges applicable to its Classic, Silver, and Global cards to Rs 200 (excluding GST) each from Rs 125 (excluding GST), and to Rs 250 plus GST for its Yuva, Gold, Combo, and My Card (Image Card) debit cards with effect from April 1, 2024, according to its website, sbi.co.in. Read on to know more about these changes.
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Fri, Jun 21, 2019
The greatest benefit a debit card has is that you do not need to visit your branch for major financial transactions like cash deposit, removing or transferring money, etc.
Wed, Jan 16, 2019
The usage of debit cards in India is vast especially at ATMs for cash withdrawal.
Wed, Nov 28, 2018
In the first half of FY19, debit card usage at bank ATMs has already reached 798.65 million transactions worth Rs 2,690.60 billion as on September, 2018.
Tue, Mar 07, 2017
The survey said, “Consumers are of the opinion that instead of reducing the cost of digital transactions, private banks are trying to show the stick to the customer and forcing them to go digital. Consumers are very concerned with the cost of digital transactions and many of them have reported that merchants are still charging 2% additional for debit, credit or wallet transactions.”
Mon, Mar 06, 2017
One of the reasons could be the rise in cash withdrawals since January 2017. RBI data show that people have already started withdrawing cash from their bank accounts in large numbers which has led to slowdown in digital transactions.
Wed, Feb 08, 2017
"The RBI is deciding on this... it is work in progress. I am sure as volumes (of digital transactions) are increasing, the charges will come down," the Finance Minister Arun Jaitley told the Rajya Sabha during the Question Hour.
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