The State Bank of India (SBI) is one of India’s largest public sector banks, offering different types of debit cards according to the requirements of their customers. Various types of debit cards are linked with other charges, such as SBI AMC charges. Thus, it’s essential to be aware of them for proper financial planning and avoid any unexpected debit from your account.
AMC charges of SBI account for Annual Maintenance Charges paid for debit card maintenance and management. The charges get levied annually to cover services like card issuance, security and transactions. Debits towards SBI annual maintenance charges are directly taken from the bank account against which the card has been issued, usually after the first year of issue.
SBI offers a range of debit cards, each designed to meet specific customer requirements. Below is an overview of popular SBI debit cards and their respective AMCs:
These charges are subject to change and it’s advisable to check the latest fee structure on SBI’s official website or contact the bank directly for the most current information.
Also Read: Download SBI Bank Statement
SBI provides a certain number of free ATM transactions per month, depending on the account type and the average monthly balance maintained. Once free transaction limits are exceeded, the following charges apply:
Maintaining a higher AMB can increase the number of free transactions allowed. For example, customers who have an AMB above ₹1,00,000 get free unlimited transactions both at SBI and other bank ATMs.
The daily ATM withdrawal limit for SBI debit cards depends on the card variant:
These limits are subject to change and it’s recommended to verify the current limits with SBI.
Proper money management and knowing the AMC charges of SBI are vital. You can reduce the charges by selecting the right debit card, maintaining a balance in an account and availing facilities through digital banking.
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The AMC charges are generally compulsory for holding and managing debit cards. The bank, including SBI, levies debit card AMC annually to recover general overheads of servicing the cards, processing daily transactions and security features. Bank terms may waive the AMC charges for premium accounts or specific card types.
Yes, annual maintenance charges are directly deducted from a bank account to which the debit card is connected. The banks always provide advance intimation of this deduction, which usually occurs at the second year’s start since the card was issued.
Some banks now offer debit cards without AMC charges, especially when the particular type of account is an employee’s salary account, a student’s bank account or a premium account. But practically, such offers vary from one bank to another. Hence, the actual terms must be cross-checked by the bank or their representatives.
