SBI Debit Card Charges | Fees & Updated Guide

Key Takeaways
 

• SBI Debit Card Charges change according to the card variant and the type of transaction you make.
   
• If you keep enough balance in your account, you can avoid fees for declined transactions.
   
• When you understand all SBI Debit Card Charges for 2024, you can manage your withdrawals better and reduce unnecessary costs.
   

SBI debit card charges 2024 are not just random fees; they directly affect how much you spend while using your card every day. Before you swipe or withdraw money, it’s important to know what you’re paying for and why these charges exist.

A debit card is like a security gate to your bank account. It lets you enter freely for essential transactions, but certain actions (extra withdrawals, declined transactions, or premium card features) require small service fees to keep the system running smoothly. These charges help maintain ATM networks, safety features, and transaction services across the country.

For example, I use my SBI Classic Debit Card regularly, and I pay ₹200 + GST every year to keep it active. Whenever I cross the free ATM withdrawal limit, I pay ₹10 + GST per extra withdrawal. Once, a payment failed due to insufficient balance, and SBI charged me ₹20 + GST for the declined transaction.

In this blog, we’ll explain all SBI Debit Card Charges 2024 in detail so you can understand each fee and manage your expenses wisely.

SBI Debit Card Annual Charges

State Bank of India (SBI) applies different annual maintenance fees based on the type of debit card you hold. Knowing these SBI Visa Debit Card annual charges helps you manage your account better and avoid unexpected deductions.

Here’s a quick overview of the SBI Debit Card annual charges:

1. Debit Card Issuance Charges
 

2. Annual Maintenance Charges (From 2nd Year Onwards)
 

3. Debit Card Replacement Charges
 

4. Balance Enquiry at ATMs
 

Being aware of the SBI Debit Card annual charges allows you to pick a card that fits your usage and budget. Always review your card type and benefits to ensure you’re getting full value for the fee you pay.

SBI Debit Card Withdrawal Charges

State Bank of India (SBI) allows a fixed number of free ATM withdrawals every month. After this limit, withdrawal charges apply based on the ATM type and location. Knowing the SBI Debit Card Charges RuPay helps you manage your transactions wisely and avoid extra costs.

Here’s a simple summary of SBI Debit Card Withdrawal Charges (RuPay and other variants):
 

SBI Debit Card Charges RuPay depend on how often and where you withdraw cash. You can make up to five free withdrawals at SBI ATMs and a few at other banks’ ATMs each month.

To conclude, understanding the SBI Debit Card Charges RuPay helps you plan your ATM usage better and avoid unnecessary deductions from your account.

SBI Debit Card Per-Transaction Charges

SBI applies specific fees on different debit card transactions, and understanding these charges helps you avoid unnecessary costs.

Balance Enquiry at ATMs

SBI debit card charges per year charges ₹25 plus GST every time you check your account balance at an ATM.

ATM Cash Withdrawal Transactions

For cash withdrawals, SBI applies a minimum fee of ₹100. On top of that, the bank adds 3.5% of the withdrawal amount plus GST.

Point of Sale (PoS) / eCommerce Transactions

When you pay at shops or online using your card, SBI charges 3% of the transaction amount plus GST.

By knowing these fees in advance, you can plan your spending wisely and prevent extra charges on your SBI debit card.

SBI Debit Card Declined Charges

State Bank of India (SBI) charges a small fee when your ATM transaction is declined due to insufficient balance. Understanding these fees is part of knowing the SBI Debit Card Charges 2024, which helps you manage your card and account wisely.

Here’s a quick look at the SBI Debit Card Declined Charges:
 

SBI charges ₹20 plus GST whenever your withdrawal fails because of low funds.

Keeping track of your balance helps you avoid these declined transaction fees. Being aware of the SBI Debit Card Charges per year and these decline charges ensures you use your card smartly and save unnecessary costs under the SBI Debit Card Charges 2024.

Conclusion

SBI Debit Card Charges help you manage your account wisely and avoid unexpected deductions. Each card type and service, whether it’s annual maintenance, ATM withdrawals, or declined transactions, has its own specific cost. 

By keeping track of the SBI Debit Card Charges 2024, you can plan your usage better and save money. Always maintain a sufficient balance and use your free transactions smartly to reduce extra fees and make the most of your SBI debit card.

FAQs

Q: What is the SBI Debit/ATM Card annual fee, and will ₹206.50 be debited?
A: SBI charges an annual maintenance fee based on your debit card type. For most Classic or VISA variants, the fee is ₹175 plus 18% GST, which totals ₹206.50. So yes, if you hold one of these cards, ₹206.50 will likely be debited as your yearly SBI debit card charge.

Q: Is there an SBI debit card without any annual charges?
A: Yes. SBI offers certain debit cards with no annual or renewal charges. For example, the SBI Classic Debit Card and SBI Global International Debit Card are often free with regular or salary accounts. Some premium cards, like the SBI Platinum Debit Card, may also be issued without annual fees for specific account types. Always check your account terms to confirm if your SBI debit card charges are waived.

Q: How can I check if my SBI debit card qualifies for zero annual charges?
A: You can verify this by logging into your SBI Net Banking or YONO app, checking the “Debit Card Services” section, or visiting your home branch. The system will show your card type and applicable SBI debit card charges 2024, including whether annual fees are waived for your account category.

Do I need a physical SBI debit card to deposit cash at a Cash Deposit Machine (CDM)?

Yes. If you use a CDM without a physical debit card, the bank charges a fee for every cash deposit. When you use a physical card, you avoid this extra charge and deposit cash at the standard rate.

Should I close my SBI debit card to avoid unnecessary fees?

Not necessarily. If you stop using your debit card and start withdrawing money directly from the branch, you won’t pay card-related charges. However, visiting the branch takes more time, and the bank may not remove all service fees just because more people walk in.

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LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.