Mumbai: The State Bank of India (SBI) has updated the yearly maintenance fees for specific debit cards.

These newly proposed rates will come into effect starting April 1, 2024, as per the information available on the SBI website, according to an Economic Times report.

Below are the revised annual maintenance charges applicable from April 1 onwards.

Classic Debit Cards:

The annual maintenance charges for Classic, Silver, Global, and Contactless Debit Cards have been raised to Rs. 200/- plus GST from the previous Rs. 125/- plus GST.

Yuva and Other Cards:

Debit cards like Yuva, Gold, Combo Debit Card, and My Card (Image Card) will now incur an annual maintenance charge of Rs. 250/- plus GST, up from Rs. 175/- plus GST.

Platinum Debit Card:

The annual maintenance fee for the SBI Platinum debit card has been increased to Rs. 325/- plus GST from the previous Rs. 250/- plus GST.

Premium Business Debit Card:

For SBI debit cards such as the Pride Premium Business Debit Card, the annual maintenance charge has been raised to Rs. 425/- plus GST from Rs. 350/- plus GST.

GST is applicable @ 18%