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

varun__goel_

TF Prestige
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.

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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

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I have stopped physical card last month and am using virtual card. I use YONO Pay to withdraw money. Now we have ICICI Bank Mine Debit Card.
 
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