SBI Debit Card Annual Charges
Introduction
State Bank of India (SBI), India’s largest public sector bank, has given a small shock to its SBI Debit card users in the new financial year of 2024-25.
Do you know that you should pay an Annual Maintenance charge on your SBI Debit Card?
Are you thinking..!!
The Annual Maintenance charges are nothing but yearly charges, you should pay for using a SBI Debit card. No matter, what SBI Debit card you are using, you should pay these charges..!!
You cannot escape.!
But I will tell you how to skip these.!!
Keep going..!
In this post, I will discuss how much Annual Maintenance charges you should pay on your SBI Debit card. Also how much rate has been increased by SBI?
Not only that, I will share at the end of this post, how can you get a FREE SBI Debit card with Zero annual charges.
Without further ado, Let’s unmask “SBI Debit Card Annual Charges”..!
SBI Debit Card Annual Charges [4 Categories]
According to SBI Bank’s website, the Revision in Annual maintenance charges related to debit cards are given below.
| S.No. | Name of the SBI Card |
|---|---|
| 1. | SBI Classic /Silver/Global/Contactless Debit Cards. |
| 2. | SBI Yuva/Gold/Combo Debit Card/My Card (Image Card) |
| 3. | SBI Platinum Debit Card |
| 4. | SBI Pride / Premium Business Debit Card |
The Annual maintenance charges for all the above categories of SBI Debit cards are increased and the increased charges are applicable from 1st April 2024 onwards.
Let’s check the SBI Debit Cards annual charges comparison now.
1. SBI Classic / Silver /Global or Contactless Debit Card
From 1st April 2024, the Revised SBI Debit Card Annual Charges related to SBI Silver Global / or Contactless Debit Cards are as follows
| S.No. | Type of SBI Debit Card | Existing Charges | Revised Charges W.e.f 01.04.2024 [without GST] | Revised Charges W.e.f 01.04.2024 [with GST] |
|---|---|---|---|---|
| 1. | Classic /Silver/Global/ Contactless Debit Cards | Rs.125 +GST | Rs. 200 + GST | Rs.236/- [Rs.200 + Rs.36 ] |
Earlier
If you use, SBI Classic /Silver/Global/ Contactless Debit Card, the SBI customers used to pay annually Rs.125 + GST.
Now
From 1st April 2024, the SBI Classic /Silver/Global/ Contactless Debit Card users should pay Rs.236 per year along with 18% GST.
2. SBI Yuva/Gold/Combo Debit Card/My Card (Image Card)
From 1st April 2024, the Revised SBI Debit Card Annual Charges related to SBI Yuva/Gold/Combo Debit Card/My Card (Image Card) Debit cards is as follows
| S.No. | Type of SBI Debit Card | Existing Charges | Revised Charges W.e.f 01.04.2024 [without GST] | Revised Charges W.e.f 01.04.2024 [with GST] |
|---|---|---|---|---|
| 2. | Yuva/Gold/Combo Debit Card/My Card (Image Card) | Rs.175 +GST | Rs. 250 + GST | Rs.295/- [Rs.250 + Rs.45] |
Earlier
If you use, SBI Yuva/Gold/Combo Debit Card/My Card (Image Card), then, SBI customers used to pay annually Rs.175 + GST.
Now
W.e.f 1st April 2024, SBI Yuva/Gold/Combo Debit Card/My Card (Image Card) users should pay Rs. 295 per year along with 18% GST.
3. SBI Platinum Debit Card
From 1st April 2024, the Revised SBI Debit Card Annual Charges related to the SBI Platinum Debit Card is as follows
| S.No. | Type of SBI Debit Card | Existing Charges | Revised Charges W.e.f 01.04.2024 [without GST] | Revised Charges W.e.f 01.04.2024 [with GST] |
|---|---|---|---|---|
| 3. | Platinum Debit Card | Rs. 250 +GST | Rs.325 + GST | Rs.384/- |
Earlier
If you use, SBI Platinum Debit Card, then, SBI customers used to pay annually Rs.250 + GST.
Now
Whereas, from 1st April 2024,, SBI Platinum Debit Card users should pay Rs.384/- per year [Rs.325+ Rs.58.5] with GST.
4. SBI Pride / Premium Business Debit Card
From 1st April 2024, the Revised SBI Debit Card Annual Charges related to SBI Pride / Premium Business Debit Card is as follows
| S.No. | Type of SBI Debit Card | Existing Charges | Revised Charges W.e.f 01.04.2024 [without GST] | Revised Charges W.e.f 01.04.2024 [with GST] |
|---|---|---|---|---|
| 4. | Pride / Premium Business Debit Card | Rs.350+GST | Rs.425+ GST | Rs.502/- |
Earlier
If you use, SBI Pride / Premium Business Debit Card, then, the SBI customer used to pay annually Rs.350 + GST.
Now
Whereas, from 1st April 2024,, SBI Pride / Premium Business Debit Card users should pay Rs.502/- per year [Rs.425+ Rs.76.5] with GST.
With the above analysis, you can see that the State Bank of India (SBI) has enhanced flat Rs.75/- on all SBI Debit cards.
Not Happy with Charges: What to do?
Do you feel that these Annual charges are high..!!
If you are not happy with the enhanced SBI Annual Maintenance charges, then, I will suggest a FREE method to get an SBI Debit card.
It is for those who won’t use their SBI Debit card physically at all.
Let me clarify..!
In case if you don’t take out your SBI Debit card from your pocket for any reason whatsoever but still you are paying Annual charges, then, you can go with an SBI Virtual Debit Card.
Read: SBI Virtual Debit Card: Don’t pay annual charges now..!!
Let me give you a small synopsis here.
The SBI Virtual Debit is completely FREE. SBI doesn’t charge any Annual Maintenance charges as it has no physical existence.
This SBI Virtual Debit Card can used for all your Online transactions except for the Cash withdrawals.
If you already have an SBI debit card, also you can apply for this SBI Virtual Debit Card in less than 2 Minutes and the State Bank of India (SBI) will issue a Virtual debit card instantly.
Watch the below video on SBI Virtual Debit Card [in Telugu language]
FAQ’s on SBI Debit Card Annual Charges
1. How much is debit card annual fee?
The Debit card annual charges is a fees charged by the Banks for issuing a Debit Card to its customers. The Debit card annual charges changes from bank-to-bank and few of the banks offers FREE Debit cards to their customers as well.
2. From when SBI Debit Card Annual Charges increased ?
The SBI Debit Card Annual Charges related to all Debit cards are increased from 1st April 2024. The revised SBI Debit card charges are increased from Rs.200 to Rs.425 without GST.
3. What is the applicable GST rate for SBI Debit Card ?
The applicable GST rate for SBI Debit Card from 01st April 2024 is 18 percent.
4. I have SBI debit Card, Can I apply for SBI Virtual Debit Card ?
Even though you have any physical SBI Debit card, you can also apply for SBI Virtual Debit card for FREE.
5. Which SBI debit card is free of cost ?
As per the latest SBI Physical Debit Card annual maintenance charges from 01st April, 2024, there are no Free Debit Cards offered by SBI. However, If you want a SBI Virtual Debit Card, then only you can get it for Free.
6. SBI Virtual Debit card charges ?
The State Bank of India’s Virtual Debit Card is completely a Free debit card i.e. it has no annual charges. As the Debit card has no physical existence and it is visible only on online, SBI is not charging any fees for issuance of this Debit card.
7. What is the Annual maintenance charge of SBI Debit card?
The SBI Debit card annual charges are fees which charged by Banks for issuing a Debit Card to its customers. The Debit card annual charges changes from bank-to-bank and few of the banks offers FREE Debit cards as well.
8. How much Annual Charges are increased to SBI Debit Cards?
The State Bank of India (SBI) has enhanced flat Rs.75/- on all SBI Debit cards from 1st April 2024.
9. SBI Rupay Debit card annual charges?
From 1st April, 2024, If you are using SBI Classic Rupay Debit Card, then should pay debit card annual charges of Rs.200 rupees per year along an additional GST of Rs.36 and in total you should pay SBI Rupay Debit card annual chargesRs.236 per year.
10. SBI Visa debit card annual charges?
From 1st April, 2024, If you are using SBI Gold Visa Debit Card /My Card (Image Card), then, you should pay Rs.250 rupees per year along with an additional GST amount of Rs.45 and in total you should pay SBI Visa debit card annual charges of Rs.295 rupees per year.
11. SBI Global Debit card annual charges?
From 1st April, 2024, If you are using SBI Gold Visa Debit Card, then, you should pay Rs.250 rupees per year along with an additional GST amount of Rs.45 and in total you should pay SBI Visa debit card annual charges of Rs.295 rupees per year.
12. SBI Platinum Debit card annual charges?
From 1st April, 2024, If you are using SBI Platinum Debit Card, then, you should pay Rs.325 rupees per year along with an additional GST amount of Rs.58.5 and in total you should pay SBI Platinum debit card annual charges of Rs.384 rupees per year.
13. SBI Virtual Debit Card Disadvantage?
This SBI Virtual Debit Card can used for all your Online transactions except for the Cash withdrawals.
Thanks for your time 🙂
