SBI Credit Card
If you use SBI Credit Card, then there is an important news for you. Since 15 July 2025, SBI Cards have decided to make changes in the method of calculations of the minimum amount duty. This change is directly related to your monthly bill payment and can affect your pocket.
What is the minimum amount du (Mad)?
The minimum amount du is the minimum amount, which you need to pay every month's billing date. With this you are not considered a defaulter and your credit history also does not deteriorate.
What does the new rule say?
Now SBI card holders will have to pay more minimum amount than before, especially those who owe more. Under the new rule
- EMI full amount
- All fees and charge
- Finance charge (interest)
- Overlimit amount (if any)
- Full amount of GST
- And 2% of the total arrears
Now 100% will be included. That is, there will no longer be partial payment facility which used to increase interest earlier.
Understand by example
- Suppose the total bill on your card is Rs 1,00,000, which
- Finance Charge: Rs 10,000
- Fees and other charges: Rs 3,000
- GST: Rs 3,000
- So the new mad will be
- 10,000 rupees (finance charge) + 3,000 rupees (charge) + 3,000 (GST) + 2,000 rupees (2% outstanding) = 18,000 rupees
What will be its effect?
Customers will have to pay a little more every month, but this will prevent the hanging of the debt for a long time. SBI says that this step will help customers to make credit management responsibly.
What to do cardholder?
- Read your card statement carefully.
- Try to pay time on time.
- If there is a purchase on EMI, ensure payment according to the plan.
If you use SBI Credit Card, your monthly payment amount may increase after July 15. Therefore, manner in advance and handle your expenses and payments, so that the credit score does not affect and unnecessary interest can be avoided.
