INSUBCONTINENT EXCLUSIVE:
Banks levy debit card charges on their
customers depending on the type and number of transactions
Many banks offer certain debit card transactions free of cost in a month
Lenders such as SBI (State Bank of India), ICICI Bank and HDFC Bank currently levy charges on any usage beyond these
In case of these banking majors, these charges range from Rs 5 to Rs 20 plus applicable taxes per transaction, based on factors such as
transaction type and ATM location
Here's a lowdown on debit card charges applicable on transactions made through debit cards from these banks.SBI debit card chargesSBI
provides the service of cash deposit using debit card to the card-linked account free of cost
That means the customer can use his or her SBI debit card to deposit cash in his or her bank account without having to pay any charges
However, this is applicable to the bank account linked to the same debit card
For cash deposit in third-party bank accounts through cash points, SBI charges a fee of Rs 22 plus GST per transaction, according to SBI's
website - sbi.co.in.SBI does not levy any issuance charge for its regular debit cards, such as 'classic' debit cards and debit cards issued
to salary package account holders.SBI charges an annual maintenance charge for the debit card
For SBI's classic debit card, this charge is set at Rs 125 plus GST
This fee is recovered by the bank at the beginning of the second year onwards.For replacement of a debit card, SBI charges Rs 300 plus
GST.For SMS alerts to its debit card holders maintaining an average quarterly balance of Rs 25,000 and below, SBI charges Rs 15 (including
and an annual fee of the same amount for coral debit cards
ICICI Bank charges a fee of Rs 25
This fee is not applicable for requests made through "instapin" at its branches or through customer care using IVR.For any decline of
transaction at other bank ATMs or points of sale (PoS) due to insufficient balance in the account, ICICI Bank debit card holders are charged
For any instance of replacement or reissuance of debit card, the bank charges a fee of Rs 200 plus applicable taxes, according to the bank's
website - hdfcbank.com.Usage of HDFC Bank debit card at domestic merchant locations and websites is free of cost
Also, no fuel surcharge is applicable for the transactions done on HDFC Bank swipe machines at petrol outlets of state-run HPCL, IOCL and
BPCL.However, at select merchants such as IRCTC/railway stations, transaction charges/ surcharges by the merchant are applicable.For using
an HDFC Bank debit card at a railway station, a flat charge of Rs
30 per ticket plus 1.8 per cent of the transaction amount is applicable.For making bookings through the IRCTC website, HDFC Bank customers
customer sets up his or her own PIN using either net banking or mobile banking routes, the bank does not charge any fee
However, for ATM PIN generation, HDFC Bank charges Rs
50 plus applicable taxes.For any decline of transaction due to insufficient balance, HDFC Bank charges no additional fee for transactions
For transactions declined for the same reason at non-HDFC Bank domestic ATMs as well as international ATMs and international merchant
five transactions a month free of cost at its ATMs
these free transactions, HDFC Bank charges Rs 20 plus applicable taxes per cash withdrawal
For every non-financial transaction, HDFC Bank charges Rs 8.50/- plus applicable taxes.
