Mumbai: The largest public sector bank in the country, State Bank of India (SBI) has decided to revise its credit card charges. State Bank of India Cards & Payment Services said that the new charges will be imposed on users from 17 March 2023.
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The SBI Cards customers who were paying their rent via credit card would be charged Rs 199 + applicable taxes. At present the charge is Rs 99 + applicable taxes. SBI Cards had in November 2022 hiked the processing fee on rent payments made using credit cards to Rs 99 plus GST at the rate of 18%.
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