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SBI Card Rules: According to the SBI Card website, education payments made through third-party apps will be charged 1% of the transaction amount, effective November 1, 2025. However, payments made directly through the college or school’s website or through POS machines will not be charged. Bank transaction fee: SBI Card has announced changes to its fee structure and other charges. These changes will be implemented from November 1, 2025. These changes include increased charges for education-related payments and wallet loading. According to information provided by SBI Card, these changes will apply to certain third-party app transactions and wallet top-ups of more than ₹1,000. Existing charges for other services, such as cash payments, payment dishonor, and late payments, remain unchanged. A 1% transaction fee will apply to education payments Earning November 1, 2025, a 1% transaction fee will apply to education payments made to schools, colleges, or other educational institutions through third-party apps or aggregators. This charge will not apply to payments made directly through the institution’s official website or through a POS terminal on campus. According to the SBI Card website, “Education payments made through third-party apps will be charged 1% of the transaction amount, effective November 1, 2025. However, payments made directly through the college or school website or through POS machines will not be charged.” This change will affect all users who pay fees through Paytm or PhonePe. An extra ₹20 on a wallet recharge of ₹2,000 From November 1, 2025, a 1% charge will be levied on every wallet load transaction exceeding ₹1,000. For example, a ₹2,000 wallet recharge will incur an extra ₹20 charge. According to the SBI Card website, “From November 1, 2025, every wallet load transaction exceeding ₹1,000 will incur a 1% charge on the transaction amount.” This charge will apply to credit card payments to digital wallets such as Amazon Pay, PhonePe, or Paytm. This will have a minimal impact on users making small recharges, but will increase costs for larger transactions. Other existing charges remain unchanged. SBI Card’s existing charges remain unchanged, including a cash payment fee of ₹250. Additionally, a payment dishonor charge of 2% of the payment amount with a minimum of ₹500 is applicable. Check payment fee is ₹200. Cash advance fee is 2.5% of the transaction amount or a minimum of ₹500. International ATMs also charge 2.5% of the transaction amount with a minimum of ₹500. > Card replacement fee will be ₹100 to ₹250. Late Payment Charge (Minimum (for not paying amount due): ₹0 – ₹500: Nil. > ₹500 – ₹1,000: ₹400. > ₹1,000 – ₹10,000: ₹750. > ₹10,000 – ₹25,000: ₹950. > ₹25,000 – ₹50,000: ₹1,100. > ₹50,000: ₹1,300. Impact of these changes on users The new rules will impact digital transactions, especially among younger users who rely on apps and wallets. Experts say this will give users the freedom to choose smart payments. SBI Card stated that these changes are aimed at cost management. Read More: ITR Deadline extended: Big relief for taxpayers, ITR filing deadline extended in these states
