Sbi Debit Card Charges Annual Charges For Withdrawals And Decline Charges

The State Bank of India (SBI) is one of the largest and most trusted banks in India, serving over 450 million customers. SBI offers a variety of debit cards, including Classic, Gold, Platinum, Contactless, and Business cards. Understanding SBI debit card charges is crucial for effective financial management. These charges include SBI debit card issuance charges, annual maintenance fees, ATM withdrawal charges, and decline fees.  

SBI Debit Card Charges 2024 

When you open an SBI account, you receive a basic debit card for free. However, it lacks personalization features. For a card with your name or photo, or to upgrade to a Silver, Gold, or Platinum card with additional rewards and offers, SBI charges a debit card issuance fee. This fee also applies when replacing an expired card. 

The latest SBI Debit Card Charges are: 

Additional Read: Learn more about the wide range of SBI Debit Cards here! 

SBI Debit Cards Annual Maintenance Charges 

A new set of revised annual maintenance charges for SBI debit cards have come into effect from April 1, 2024, according to the State Bank of India's website. The annual maintenance charges have seen a revision of up to ₹75 for various categories like Yuva, Gold, Combo, and Platinum Debit Cards. 

Here’s the latest charges: 

SBI Debit Card Withdrawal Charges 

ATM withdrawals using your SBI Debit Card are a primary function of owning a debit card. With a wide network of over 64,000 ATMs and ADWMs (Automated Deposit cum Withdrawal Machines) across India, SBI offers unparalleled convenience. These machines offer 24x7 cash withdrawals and deposits, both card-based and card-less. Additional services include mobile number updates, trust donations, cheque book requests, debit card limit modifications, and SBI credit card application requests. 

The RBI issued regulations on January 1, 2022, limiting the number of free ATM transactions each month. Banks can charge up to ₹21 each extra transaction, as per RBI norms. 

SBI ATMs and ADWMs offer free non-financial transactions; nevertheless, users of savings accounts are only permitted a certain number of free cash withdrawals per calendar month. 

• Other Domestic Banks’ ATMs: 3 free transactions in 6 metro centres (Mumbai, Delhi, Chennai, Kolkata, Hyderabad, Bengaluru). 

• Non-Metro Centres: 5 free transactions per calendar month 

SBI Debit Card Withdrawal Charges and Limits 

Also Read: SBI NetBanking – Features & Benefits 

SBI International Debit Card Charges  

When using your SBI debit card for international transactions, there are specific charges to be aware of. These charges apply to various types of transactions, including ATM withdrawals, balance inquiries, and purchases.  

 

Additional Charges on SBI Debit Card  

In addition to the charges already covered, here are some additional SBI debit card fees and services: 

 

Other Charges Relating to your SBI Debit Card  

Service	Charge
Debit Card Replacement	₹300 + GST
Duplicate PIN Generation or Regeneration at the Branch	₹50 + GST
ATM/POS transaction technical declines due to customer (lack of balance)	₹20 + GST
SMS Alert (quarterly for accounts maintaining average balance of ₹25,000 or below)	NIL

Did you know? You can avail EMI Option on your SBI Debit Cards! Click here to learn more!  

SBI Debit Card Charges - FAQs 

1. Does SBI Classic Debit Card have an annual maintenance fee? 

The annual maintenance fee for an SBI Classic Debit Card is ₹125 + GST, starting from the second year onwards. 

2. How many free ATM withdrawals are allowed per month? 

Savings account holders get limited free withdrawals per month: 3 at metro centres and 5 at non-metro centres for other bank ATMs. 

3. Are there any charges for international withdrawals? 

Yes, ₹100 + 3.5% of the transaction amount + GST for withdrawals. Balance inquiries are ₹25 + GST, and PoS/eCommerce transactions are 3% + GST. 

4. How can I avoid or minimize debit card charges? 

Use SBI ATMs for free transactions, monitor your balance, and stay within the free transaction limits. 

5. Are there any charges for replacing a lost debit card? 

Yes, the charge for replacing a lost or stolen SBI debit card is ₹300 + GST. 

6. How can I stay updated about changes in SBI debit card charges? 

Check the SBI website regularly, subscribe to email/SMS alerts, and review bank communications. 

 

Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Since this type of data might change over time, we cannot guarantee that the information supplied or included within it is accurate. It is anticipated that the user would confirm with the relevant source prior to taking any choices or actions.