The State Bank of India (SBI) has recently announced revisions to the annual maintenance charges for certain debit cards, set to take effect from April 1, 2024. As per sources, these changes aim to streamline the fee structure and ensure continued service quality for cardholders.
The revised annual maintenance charges related to debit cards will come into effect from April 1 for Classic, Silver, Global, and Contactless debit cards, Yuva, Gold, Combo, and Platinum Debit Cards.
In addition to these changes, the public lender will also change the fees related to the issuance and replacement of debit cards. Several changes have been implemented for certain credit cards from April 1.
The State Bank of India has said that the accrual of reward points on rent payment transactions would be suspended for certain credit cards from April 1. Accumulated reward points on rent payment transactions for some credit cards will expire on April 15.
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