Bad news for SBI customers! The bank increased the cost a lot in one blow –

Bad news for you if you are a State Bank of India credit card user. SBI Card has increased the processing fee for house rent payment through Credit Card. Bank authorities have already informed through SMS and e-mail that those using SBI cards will now have to pay an additional tax of Rs 199 instead of Rs 99.

The increased new processing fee of SBI Card will be applicable from March 17, 2023. Earlier, SBI Card increased the processing fee for credit card users by Rs 99 and GST to 18% in November 2022. Also, some other banks also charge processing fees for house rent payments from their credit card users.

Let’s know how much money these banks are charging from their credit card users.

ICICI Bank charges 1% processing fee:

In the recent past ICICI Bank (ICICI Bank) had announced that people paying house rent with credit card will have to pay 1% processing fee. Increased bank processing fee is applicable from 20 October 2022.

HDFC Bank will charge these amounts:

HDFC Bank (HDFC Bank) starts from the second rental transaction of the calendar month. Will charge 1% fee on total transaction amount.

Charges for Kotak Mahindra Bank users:

Kotak Mahindra Bank credit card users will be charged 1% of the total amount plus GST on all fare payment transactions from February 15, 2023.

Charges for Bank of Baroda users:

According to the Bank of Baroda website, from 1 February 2023, all credit card users will have to pay a processing fee of 1% of the total transaction amount for all transactions made for rentals.

But it needs to be said in this context, this is not applicable on White and White Reserve Credit Cards.

Leave a Comment