SBI Card grew 2 per cent sequentially in the same period. The brand has a broad base of over 15 million cards in force as of Q3 FY23. In comparison, HDFC Bank and ICICI Bank added about 60,000 and 80,000, respectively. The customers who were paying their rent via credit card would be charged Rs199 + taxes, up from ₹99 and the applicable taxes.Įarlier this week, RBI said that SBI Card saw the highest new credit card additions around 300,000 in February. In March, SBI Cards & Payment Services revised the charges and fees of the SBI Credit Card. Please click here to know more about Merchant EMI Processing Fee,' the mail from SBICPSL read on the day. We thank you for your continued patronage.

99 + applicable taxes will be levied on all Merchant EMI transactions done at Merchant outlet/website/app. “Dear Cardholder, We would like to inform you that with effect from, Processing Fee of Rs. These charges are over and above the interest charges for converting the purchase into EMIs. In November, State Bank of India (SBI) has announced that it will charge a processing fee as well as tax from its credit card customers on all equated monthly instalment (EMI) purchase transactions. SBI Cards has a tie-up with 42 lounges across 21 airports in the country, according to its website.

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