SBI Debit Card Charges Revised w.e.f. From 01.04.2024

[varun__goel_]

State Bank of India revised their debit card fees effective from 1st April, 2024.
No communication received from bank regarding revision of charges. Just have been updated on their website.


The minimum debit card fee was Rs. 125 + GST. Now it’s Rs. 200 + GST, a 60% increase.
They have raised each debit card fee by Rs. 75.

As per the RBI's latest guidelines, banks must send notice/communication to their customers 30 days prior to any product feature-related changes. However, in this case, State Bank of India didn’t follow RBI guidelines. Will RBI take this matter seriously and penalize SBI and set an example? I don’t think it’s going to happen. The RBI just closes their eyes when it comes to SBI.

- This post is edited by @TechnoFino

Source:-

Debit Card Related Charges - Personal Banking

sbi.co.in

 

[Abhishek012]

VISA se jyada to nahi hoga na?

No . .

 

[purushotham]

This is for users having 'only Virtual debit card'

If you forgot SBI net banking login passsword, you can reset by using any of three ways
a. Using ATM Card detail
b. Using Profile Password
c. Reset your login password with Branch Assistance.

If you blocked Physical debit card and having only Virtual debit card...
then it's not possible to reset login password using Virtual debit card. During the process it will ask to enter PIN. But there is no option to generate PIN for Virtual debit card.
If you forgot Profile Password also, then only option is to Visit the branch and submit the reset login password form.

Correct me if I'm wrong.

True

Just take a paper of debit card shape and size

Write down the virtual card details and keep it in a safe place if required take 2-3 extra copies also

 

[Anurag]

No issue
If u are able to login to yono app
Click on cards > debit card > apply virtual cards and select rupay global card
It will get generated instantly
One more thing if u want to avoid amc charges
Permanent close your physical card

Did this recently to avoid amc...i doubt if they start charging for virtual as well 😅
One more thing, will i be able to reset net banking password using virtual card details?

 

[Vikaas]

Need suggestion kaun sa apply Karu? Genuinely Confused

So if I block physical card and generate virtual card then I don't have to pay annual charges?

 

[doraemon]

Did this recently to avoid amc...i doubt if they start charging for virtual as well 😅
One more thing, will i be able to reset net banking password using virtual card details?

Nope u will not be able
Tip
Remember profile password

So if I block physical card and generate virtual card then I don't have to pay annual charges?

Nope

 

[varun__goel_]

So if I block physical card and generate virtual card then I don't have to pay annual charges?

Bas profile password kisi aisi jgah chhaap do ki zindgi m kabhi na bhul pao😂

 

[doraemon]

Bas profile password kisi aisi jgah chhaap do ki zindgi m kabhi na bhul pao😂

Will visit branch some day for password
Is there any charge for this?

 

[varun__goel_]

Will visit branch some day for password
Is there any charge for this?

N o o i d e a

 

[CosmicCat]

State Bank of India revised their debit card fees effective from 1st April, 2024.
No communication received from bank regarding revision of charges. Just have been updated on their website.


The minimum debit card fee was Rs. 125 + GST. Now it’s Rs. 200 + GST, a 60% increase.
They have raised each debit card fee by Rs. 75.

As per the RBI's latest guidelines, banks must send notice/communication to their customers 30 days prior to any product feature-related changes. However, in this case, State Bank of India didn’t follow RBI guidelines. Will RBI take this matter seriously and penalize SBI and set an example? I don’t think it’s going to happen. The RBI just closes their eyes when it comes to SBI.

- This post is edited by @TechnoFino

Source:-

Debit Card Related Charges - Personal Banking

sbi.co.in

Back in 2022, most PSU banks had increased their annual charges for their debit cards due to the global chip shortage issue, but SBI didn't. Now the supply chain is back to normal, yet what makes SBI increase their charges?

 

[doraemon]

Back in 2022, most PSU banks had increased their annual charges for their debit cards due to the global chip shortage issue, but SBI didn't. Now the supply chain is back to normal, yet what makes SBI increase their charges?

They are not taking mab charges no sms charges
Maybe to recover that!

But who wants physical card nowadays when virtual is the future

 

[varun__goel_]

SBI ne bhi virtual DC ka option de diya, pta nhi HDFC kab dega....🫤

 

[sri222]

True

Just take a paper of debit card shape and size

Write down the virtual card details and keep it in a safe place if required take 2-3 extra copies also

I'm using Password manager from almost 10 years, so no issue for me.

 

[CosmicCat]

True

Just take a paper of debit card shape and size

Write down the virtual card details and keep it in a safe place if required take 2-3 extra copies also

Or maybe give me your card number, expiry, and the CVV so that I can give you a nice printout mailed to your address. 😺

 

[Ram1]

whats the benefit of platinum card with 325rs charges compared to classic card with 200rs charges??

 

[ritwik2000]

100 rupiya offer... Bas ab fy24 me bhi offer extend krde

 

[girish3456]

State Bank of India revised their debit card fees effective from 1st April, 2024.
No communication received from bank regarding revision of charges. Just have been updated on their website.


The minimum debit card fee was Rs. 125 + GST. Now it’s Rs. 200 + GST, a 60% increase.
They have raised each debit card fee by Rs. 75.

As per the RBI's latest guidelines, banks must send notice/communication to their customers 30 days prior to any product feature-related changes. However, in this case, State Bank of India didn’t follow RBI guidelines. Will RBI take this matter seriously and penalize SBI and set an example? I don’t think it’s going to happen. The RBI just closes their eyes when it comes to SBI.

- This post is edited by @TechnoFino

Source:-

Debit Card Related Charges - Personal Banking

sbi.co.in

Mine is SBI IOCL Rupay debit card, seems it haven't changed. It was 125 plus tax. But this yr still sbi haven't deducted annual charges for my debit card. Don't know why. Using the account from 2007 August.

Attaching SBI IOCL Rupay debit card

 

[girish3456]

That's a old info
SMS alerts charges are waived from COVID time
No sms charges

Ya seems those are waived off since COVID, also minimum balance criteria. Now we can use sbi account as a zero balance account

 

[lightwaves]

Back in 2022, most PSU banks had increased their annual charges for their debit cards due to the global chip shortage issue, but SBI didn't. Now the supply chain is back to normal, yet what makes SBI increase their charges?

This is one of the income stream for them. Just another way to push their EBIT up.

 

[varun__goel_]

Mine is SBI IOCL Rupay debit card, seems it haven't changed. It was 125 plus tax. But this yr still sbi haven't deducted annual charges for my debit card. Don't know why. Using the account from 2007 August.

Attaching SBI IOCL Rupay debit card

IG this DC is also covered. Check out the brackets, it clearly mentions global variant. And in revised SOC, global variant cards are included

 

[girish3456]

Is it possible to not have any debit card from the bank?
Don't want to pay DC charges when I am not using DC at all.

Go with kotak 811 account & can use virtual debit card for which you don't have to pay anything