SBI Annual Fee: Attention savings account holders! The country's largest public sector bank, State Bank of India, is the trust of almost every Indian. Serving over 50 crore customers, SBI is often referred to as "every Indian's banker". The bank offers a wide range of debit cards to its customers, most of which are Classic, Silver, Global, and Contactless, as well as Platinum and Business debit cards, for which the bank charges an annual maintenance fee (AMC).

SBI Debit Card Annual Maintenance Fee Change

SBI has revised the annual maintenance fee for several of its debit cards, which will be effective from April 1, 2024, according to the bank's website. The new rates will apply to Platinum debit and business cards, including Classic, Silver, Global, and Contactless cards, with fees starting at Rs 200, plus 18 percent GST. This means that the bank deducts GST from the customer's savings bank account. So, Rs 200 + 18% of Rs 200 = Rs 200 + Rs 36 = Rs 236.

Annual charges for Classic, Silver, Global, and Contactless Debit Cards

The annual maintenance charges for these cards have been increased from Rs 125 (+GST) to Rs 200 (+GST). This means that the bank deducts GST from the customer's savings bank account. So, Rs 200 + 18% of Rs 200 = Rs 200 + Rs 36 = Rs 236.

Annual charges for SBI Gold Debit Card

The annual maintenance charges for cards like Yuva, Gold, Combo, and My Card (Image Card) have increased from Rs 175 (+GST) to Rs 250 (+GST). However, the bank deducts GST from the customer's savings bank account. Therefore, Rs 250 + 18% of Rs 250 = Rs 250 + Rs 45 = Rs 295.

SBI Platinum Debit Card Annual Charges

The annual maintenance charge for Platinum Debit Cards has been increased from Rs 250 (+GST) to Rs 325 (+GST). However, the bank deducts GST from the customer's savings bank account. Therefore, Rs 325 + 18% of Rs 325 = Rs 325 + Rs 58.5 = Rs 383.5.

SBI Premium Business Debit Card Annual Charges

For SBI Debit Cards like Pride Premium Business Debit Card, the annual maintenance charge has been increased from Rs 350/+GST to Rs 425/+GST.

Platinum Business Rupay Card Annual Charges

Platinum Business Rupay Card attracts a charge of Rs 350 (+GST). This new card offers SBI rewards points on purchases, and complimentary airport lounge access, and can be used for both online and international transactions.

Disclaimer: This content has been sourced and edited from abplive. While we have made modifications for clarity and presentation.