Last Updated on September 25, 2023 by Sravan
Dear customer your account has a Debit transfer of Rs.147.50/-
Have you received the above message from the State Bank of India saying that your account has a debit transfer of Rs.147.5/- rupees?
You might feel like, I have not made any payment, who else did this. ?
Has my bank account been hacked by someone else?
I didn’t even place any order online..!!
Wait Wait my dear friends..!!
Don’t worry, this is not the payment done by you and also your SBI account is not hacked and it is completely safe.
Then who made this transaction from my SBI Savings Bank Account?
It’s none other than, the State Bank of India i.e. SBI.
SBI..! Yes, It’s SBI
But why and for what purpose they charged this much amount from my Savings Bank account?
Are using any SBI Debit / ATM card?
Yes, I am using it..!
The Rs.147.50/- is charged towards the Annual Maintenance Charge for your using your Debit card only. It is not a one-time fee and it is an Annual fee for using a SBI Debit card.
If you think that much…Read this thread in full and you will be get clarified.
Click on the below link to Watch it in Telugu
As you know, the State Bank of India (SBI) generally hosts different types of Debit cards with numerous offers. Normally, It offers Five types of Debit Cards.
1. Classic debit card
2. Silver / Global Contactless Debit Card
If you are an SBI customer using any of the above two cards, then, the amount you will be charged is Rs.125/- which is the annual maintenance charge. And GST will be charged @ 18% i.e. Rs.22.50/-.
In Total, it comes to Rs.147.50/-. It is the amount that has been debited from your SBI savings account as part of the Terms and conditions of the SBI.
3. Yuva / Gold / Combo / My Card (Image) Debit card
If you are using this card, then, the amount you will be charged for this card is Rs.175/- which is the Annual Maintenance charge and GST will be charged @ 18% i.e. Rs.31.50/-. In Total, it comes to Rs.206.50/-
4. Platinum Debit Card
If you are using this card, then, the amount you will be charged for this card is Rs.250/- which is the Annual Maintenance charge and GST will be charged @ 18% i.e. Rs.45/-. In total, it comes to Rs.295/-.
5. Pride / Premium business card
The amount you will be charged for this card is Rs.300 which is the annual maintenance charge and GST will be charged at 18% i.e. Rs.54/-. In total, it comes to Rs.354/-.
So most of the customers use Classic debit cards, therefore, SBI charges them Rs.125/- as Annual Maintenance and charges Rs.22.5/- as GST. So you will get a message that Rs.147.5/- rupees have been deducted from your Savings bank account.
I hope now your doubt is cleared.
The Annual Maintenance Charges of this Debit card are collected by SBI from the second year of issuing the debit card only and not from the first year of issuing.
Thanks for your reading
Author is a Qualified CMA with rich industry experience for more than 6 years. He is an All India Ranker (AIR-101) in CMA and also a Semi-Qualified Chartered Accountant having a quite good experience in teaching the subjects of Accounting and Costing to the commerce aspirants.