Copyright informalnewz
SBI Credit Card: If you use an SBI credit card, here’s important news for you. Effective today, November 1, 2025, SBI Card has revised its charges and fee structure. SBI Credit Card: If you use an SBI credit card, here’s important news for you. Effective today, November 1, 2025, SBI Card has revised its charges and fee structure. Education-related payments and digital wallet deposits will now incur an additional 1% charge. 1% Charge on Education Payments If you pay school or college fees using your SBI credit card through Paytm, PhonePe, Razorpay, or other third-party apps, a 1% transaction charge will apply. However, if you pay directly through the school or college website or their POS machine, there will be no additional fee. This means you’ll need to be careful when choosing your education payment platform. You will also have to pay a charge for depositing money in your wallet. According to the new rule, if you deposit more than ₹1,000 into any digital wallet, such as Paytm Wallet, Amazon Pay, or Mobikwik, you will incur a 1% charge. For example, if you deposit ₹2,000 into your wallet, a ₹20 charge will be deducted, and only ₹1,980 will be added to your wallet. Other SBI Card Charges Cash Payment Fee: If you pay your bill in cash, a ₹250 charge will be levied. Payment Dishonor Fee: If your payment fails or bounces, a charge of 2% of the payment amount or a minimum of ₹500 (whichever is higher) will be levied. Check Payment Fee: A fee of ₹200 will now be levied for making payments by check. Cash Advance Fee: For ATM cash withdrawals, you will be charged 2.5% of the transaction amount or ₹500, whichever is higher. This rule applies both in India and abroad. Card replacement fee: Rs 100 to Rs 250 for normal cards, while premium Aurum cards will cost up to Rs 1,500. Read More: New banking rules: Bank customers can now make more than one nominee, rules apply
