Contactless Debit News Today

India Business News: The State Bank of India (SBI) has recently announced revisions to the annual maintenance charges for certain debit cards, set to take effect from April 1, 2024. As per an ET report, these changes aim to streamline the fee structure and ensure continued service quality for cardholders. Below are the key highlights of the revised charges:

SBI debit card charges: State Bank of India (SBI) has revised the annual maintenance charges related to certain debit cards. Here is a look at the revised annual maintenance charges effective from April 1.

SBI has said that it will also levy GST as applicable at 18 percent on the Debit Cards Annual Maintainance Charges.

Contactless cards allow for faster and more convenient payments at participating merchants in India without the need to enter a PIN. The RBI has increased the per transaction limit for contactless card transactions based on stakeholder feedback and the benefits of contactless transactions during the COVID-19 pandemic.

Finance > Banks & institutions > Companies (banking) > SBI SBI teams up with NPCI, JCB to launch contactless debit card 11 December 2020 The State Bank of India (SBI) in association with the National Payments Corporation of India (NPCI) and Japan’s JCB International Co has launched SBI RuPay JCB Platinum Contactless Debit Card.  The card has been launched on the RuPay network by SBI in association with JCB, a major global payment brand and a leading credit card issuer and acquirer in Japan. ...