Monday, November 10, 2008
SBI Employee Card : Fees and Charges
Other Charges & Fees
Order of payment settlement
Cash Advance Fees
Joining Fee (One time) : Upto Rs. 5,000
Annual Fee (p.a.) : Upto Rs. 1,500
Add-on Fee (p.a.) : Upto Rs. 500
Interest Free Credit Period :20-50 days (applicable only on retail purchases and if previous months outstanding balance is paid in full)
Finance charges # :Upto 3.35% per month [40.2% per annum]
Minimum Repayment Amount :5% of Total Outstanding (Min Rs. 200) + Govt. Service Tax
Cash Advance Limit : Upto 80% of Credit Limit ( Max. 12K / day & 15K / day for Gold & Platinum Cards )
Free Credit Period :Nil
Finance charges # : Upto 3.35% per month [40.2% per annum]
SBI ATMs : 2.5% (Min.Rs.250 (Min Rs 275 w.e.f. 1st November 2008))
Other Domestic ATMs : 2.5% (Min.Rs.250 (Min Rs 275 w.e.f. 1st November 2008))
International ATMs : 3.0% (Min.Rs.250 (Min Rs 275 w.e.f. 1st November 2008))
ATM Decline Fee :Rs. 20
Protection Plus* : Personal Accident - Rs. 24 p.m.
Credit Shield - 0.1% of Total Outstanding
Admin Fee - Rs. 20 p.m.
Cheque Pickup : Rs 90/-
Cheque Bounce/ Invalid Cheque : 2% of Cheque Amount (Min. Rs. 300 & Max. Rs. 500)
Statement Retrieval : Rs. 100 per Statement (>3 months old)
Chargeslip Retrieval : Rs. 125 per Chargeslip
Late Payment : 30% of Minimum Amount Due (Min. Rs. 350 & Max. Rs. 600)
Overlimit : 2.5% of Overlimit Amount (Min. Rs. 500)
Card Replacement : Rs. 100
Emergency Card Replacement (When Abroad) : Actual Cost (Min. $175)
Foreign Currency Transaction:Conversion mark up: 3.5%
Card Upgradation Fee : Upto Rs. 500
Railway Tickets - Railway Counters: Rs. 30 + 2.5% of transaction amount
Railway Tickets - www.irctc.co.in : 1.8% of transaction amount + service charge, as applicable
Petrol & all products/services sold at petrol pumps: 0% surcharge for single transaction spend between Rs. 400 & Rs. 3,000 ;For SBI Platinum Cardholders: 0% surcharge for single transaction spend between Rs. 400 & Rs. 4,000
Maximum surcharge waiver of Rs. 100 p.m. per credit card account
2.5% of transaction amount (Min. Rs. 10) for transaction amounts <> Rs. 3,000 (SBI Platinum Cardholder for transaction amounts <> Rs 4000)
Customs duty :2.25% of transaction amount (Min. Rs. 75)
Order of payment settlement : out of your total payment , 1st Minimum Amount Due is settled , followed by Taxes , EMI on loan plans ,Fees & Other Charges , Interest Charges , Balance Transfer Outstanding , Purchase Outstanding and Cash Advance in that order. Government Service Tax as applicable on all the above Fees , Interest & Charges.
# Card finance charge is dynamic and will be based on the cardholder's usage and payment patterns and is subject to periodic review
* Nil on Cash advance.
** Insurance is optional and a subject matter of solicitation.
*** Cheques payable outside clearing zones not accepted. We accept payment through local cheques / drafts payable in Delhi only.
Service tax as applicable on all above fee, interest and charges.
Your continued use of the card will be deemed acceptance of these amendments.
SBI Card Helpline
From BSNL/MTNL Lines 1800 180 1290
From All Other Lines 39 02 02 02
All information in this communication is correct as per September 2007 and is subject to change at the discretion of SBICPSL. SBI Card Most Important Terms and Conditions are also available at www.sbicard.com
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