Your SBI debit card at a glance!
- Shop at over 5 lakh merchant outlets in India with your SBI debit card.
- Assured rewards from State Bank of India’s Debit Card Loyalty Program.
- Use your SBI debit cards to book movie tickets and pay utility bills on a completely secure platform.
- Complimentary insurance coverage for the debit card holder.
As a premier financial institution, State Bank of India was originally established in 1808 as ‘Bank of Calcutta’. Today, the bank holds the distinction of being the largest public sector bank in the country along with being a Fortune 500 company. SBI offers a wide spectrum of banking services and products comprising of personal banking, agricultural banking, NRI services, international banking and corporate services to a diverse clientele. With the personal banking portfolio forming the crux of SBI’s banking operations, it offers an eclectic selection of debit cards suiting every individual’s requirement. State Bank of India debit cards can be used to transact at over 1 lakh ATMs and customers are entitled to 5 free ATM transactions every month. State Bank also provides e-banking services on secure platforms and online card transactions can be made on merchant websites that have subscribed to Verified by Visa (VbV) or MasterCard SecureCode services.
SBI Service Charge Revision (Modifications and Additions effective on and from June 1, 2017)
|Service Charge Description||Rate (Revised)|
|Charges for IMPS transfer of funds via INB, MB, OPI or USSD|
|More than Rs.2 lakh and up to Rs.5 lakh||Rs.25 + GST|
|More than Rs.1 lakh and up to Rs.2 lakh||Rs.15 + GST|
|Up to Rs.1 lakh||Rs.5 + GST|
|Service Charges for the exchange of Imperfect or Soiled Notes|
|Value up to Rs.5,000 and up to 20 pieces||Nil|
|Above 20 pieces and/or value above Rs.5,000|
|When the value is more than Rs.5,000||Rs.2 for every piece or Rs.5 for 1000 along with GST, whichever is more on the entire tender.|
|Above 20 pieces||Rs.2 for every piece on the entire tender along with GST.|
|Example: Rs.500 (25 pieces) is equal to Rs.12,500 Charges Rs.2 for every piece: Rs.50 + GST Charges at the rate of Rs.5 for every Rs.1000: Rs.62.50 + GST Amount that is chargeable is equal to Rs.62.50 + GST|
|Service charges for the BSBD (Basic Savings Bank Deposit) accounts|
|Withdrawals||4 withdrawals in 1 month free of charges. This includes ATM withdrawals too. After the 4 withdrawals are complete:
|ATM Card issuance||The RuPay Classic card is the only card that comes free of cost.|
|Cheque Book issuance||Cheque Book with 50 leaves – Rs.150 + GST. Cheque Book with 25 leaves – Rs.75 + GST. Cheque Book with 10 leaves – Rs.30 + GST.|
|Applicable for the SBI Buddy Wallet customers|
|Service Charges for State Bank Buddy|
|Cash withdrawal from the Wallet Balance vis BC (Business Correspondent) – up to Rs.2,000 in multiples of Rs.100||2.50% of the transaction value (Minimum amount of Rs.6) + GST.|
|Cash deposit in to the Wallet via BC (Business Correspondent)||0.25% of the total transaction value (Minimum of Rs.2 and Maximum of Rs.8) + GST.|
|Cash withdrawal from the Wallet Balance vis ATM||Rs.25 for every transaction.|
Types of SBI Debit Cards
State Bank Classic Debit Card
With a State Bank Classic debit card you can enjoy benefits like cashless transactions, easy account access, bill payment options, rewards redemption program and purchases at various merchant outlets across India. The State Bank Classic debit card can be used to withdraw cash from SBI ATMs or from any other bank’s ATM in India. The daily cash withdrawal limit at any ATM is set between a minimum amount of Rs 100/- up to a maximum of Rs 40000/-. At Point of Sale terminals, customers can purchase up to a maximum of Rs 50,000/- using their State Bank Classic debit cards.
State Bank Silver International Debit Card
Access your bank account from any corner of the globe, purchase at over 30 million outlets worldwide, make payments or withdraw cash without any hassles with a State Bank Silver International Debit Card. Double your rewards points with three consecutive purchase transactions on your State Bank Silver International Debit Card in a quarter.
State Bank Global International Debit Card
The State Bank Global International Debit Card offers complete protection against fraudulent transactions as it comes with an embedded EMV chip. Enjoy cashless shopping worldwide, earning unlimited Freedom Rewardz points on all your debit card purchases. With three continuous purchase transactions, customers can double their reward points earned in a quarter.
State Bank Gold International Debit Card
With a high purchase transaction limit of Rs 200,000/-, the State Bank Gold International Debit Card offers maximum flexibility while doing Point of Sale and online transactions. The card also provides complimentary life insurance coverage of up to Rs 2 lakhs to the primary debit card holder. Additionally the card comes with purchase protection insurance for theft or damage of up to Rs 5000/- for a period of 90 days from the date of purchase.
State Bank Platinum International Debit Card
As a Platinum member of SBI, purchase goods, book tickets, pay bills, and perform online transactions conveniently with your State Bank Platinum International Debit Card. Triple your reward points earned in a quarter with three successive purchase transactions done on a State Bank Platinum International Debit Card. Platinum debit card members are provided with free life insurance coverage up to Rs 5 lakhs along with purchase protection insurance of up to Rs 50,000/- valid up to a period of 90 days from the date of purchase.
State Bank Mumbai Metro Combo Card
Commuting on the Mumbai Metro just got easier with the State Bank Mumbai Metro Combo Card doubling up as a payment cum access card with a ton of benefits. The card saves time for commuters, eliminating the need to stand in ticketing queues at Mumbai Metro Stations. The card also works as a shopping card allowing a user to make online purchases, payments and cash withdrawals in India and across the globe.
sbiINTOUCH Tap & Go Debit Card
Introduced as a chip based contactless card, the sbiINTOUCH Tap & Go Debit Card is a one-of-a-kind card from SBI and users can make quick payments by just tapping their debit cards at over 10 lakh merchant locations which accept contactless payments. Enabling users to transact faster, this card can be used to make online payments, shop and withdraw cash in India and across the globe.
Business Debit Cards
The State Bank Business debit card is an entrepreneur’s best friend and has been designed to meet the business requirements of SBI’s commercial banking customers. Customers can keep track of their business expenses, make payments, book tickets for business travel, pay business utility bills and buy business essentials with their EMV chip based business debit cards.
State Bank Pride
Offered a business card, the State Bank Pride debit card caters to self-employed individuals with high cash withdrawal limits of up to Rs 100,000/- per day and purchase transaction limits of up to Rs 200,000/- per day. Card holders also have the option of depositing cash at an SBI cash deposit machine with a daily limit of Rs 49,900/-.
State Bank Premium
As premium card holders, SBI customers are entitled to daily cash limits of up to Rs. 2, 00,000 and e-commerce transaction limits of up to Rs. 5, 00,000 per day. The card also comes with life insurance coverage of up to Rs 5 lakhs and purchase protection insurance up to Rs 50,000/- for the primary card holder.
FreedomRewardz - State Bank of India’s Debit Card Loyalty Program
Get rewarded when you shop for a product or pay for a service with FreedomRewardz, the debit card loyalty program from State Bank of India. All SBI debit card holders are pre-registered into this program and are eligible to accrue FreedomPoints on all their transactions.
- For every Rs 200/- spent on shopping, dining, fuel or travel, customers can earn 1 FreedomPoint or reward point.
- Earn 50 bonus points on your first purchase transaction within one month of card issue.
- Earn 50 additional points on your second purchase and 100 bonus points on your third purchase transaction within a period of one month.
Depending on the type of SBI debit card, customers can double or triple their FreedomPoints earned from three transactions in a quarter. Customers can accumulate Freedom rewards points and redeemed within a period of 36 months for exciting gifts, merchandise and services from SBI.
SBI debit card offers
- State Bank Smart Shoppe is an exclusive online marketplace introduced by State Bank of India in collaboration with MasterCard with exciting offers from retail merchants across India.
- The ‘Shop Big Gain Big’ festive offer from State Bank provides an opportunity for SBI customers to win attractive products hourly and weekly for every debit card usage.
- SBI offers special discounts on jewelry purchases at various merchant outlets on the auspicious occasion of Akshaya Tritiya.
State Bank Rewardz for Debit Cards
The State Bank Rewardz is a loyalty program offered by the State Bank of India, that gives reward points to customers for various transactions. Cardholders can redeem the points and pay for a wide range of products and services at a discounted rate. All customers are pre-enrolled for the SBI Rewardz program. Customers will have single membership, irrespective of the number or type of accounts they maintain. SBI debit card customers can earn 1 reward point for every purchase above Rs.200. Also, the bank has a large number of partner brands that provide extra discounts and points for swiping the card.
Customers will earn 50 reward points for making purchases using the debit card within a month of its issue. For the second transaction made during the same month, they will receive another 50 reward points. And if three transactions are made during the first month, the total bonus points accumulated with be 200, ie., the third transaction will attract 100 reward points.
Quarterly transaction bonus
If you carry out a minimum of 3 transactions after the first month of issuance of your card, then the reward points earned during that period will be doubled for all debit cards other than Platinum. For Platinum cardholders the reward points will be tripled. These rewards are applicable for all customers of the State Bank of India.
Verified by Visa/Mastercard
Getting verified with Visa/Mastercard is an enhanced protection service that keeps all your online transactions secure. The service is enabled with personal password which you need to key in while making online purchases. It replicates the same physical model of transaction where you enter your PIN while checking out at billing counters or while withdrawing cash. This service gives you the same level of security assurance and reliability as that of physical transactions at ATM counters or POS terminals. It also protects you from unauthorized purchases even before you initiate the payment process. All that is required for getting verified with Visa/Mastercard is a unique password for all your online transactions.
Benefits of holding a State Bank of India debit card
- With a vast network of 43,000+ ATMs across India, State Bank customers can easily access their banking accounts and conveniently perform transactions free of cost. This facility extends to any ATM belonging to the State Bank Group as well as associate banks (e.g.- State Bank of Bikaner & Jaipur, State Bank of Patiala, State Bank of Hyderabad, etc.)
- Customers can use their SBI debit cards to withdraw cash, make payments, place requests for credit instruments and also open term deposits at any SBI ATM.
- State Bank of India debit cards come with additional levels of security for online transactions provided by ‘3D Secure’, a secure service introduced by the State Bank Group in collaboration with Visa and MasterCard.
Quick tips to use your State Bank debit card
- Customers are advised to always sign on the back of their SBI debit cards, enabling merchants to validate the customer’s signature, if required.
- SBI customers should make use of the hot listing facility immediately in cases of theft or loss of debit cards to avoid fraudulent activity.
- As a measure of safety, SBI customers should never disclose their debit card and PIN details to anyone or at any unprotected website.
FAQs for State Bank of India Debit Cards
Does SBI have a daily ATM withdrawal limit for debit cards?
Yes, State Bank has a daily withdrawal limit of Rs 40,000/- for Classic Debit Cards and up to Rs 1 lakh for all other SBI debit cards.
What are the different ATM services that can be performed using my State Bank of India Debit Card?
Customers can withdraw cash, change PIN, check account balance, get mini statements, pay bills, place request for cheque books and also open term deposits using their State Bank of India debit cards.
What type of debit cards are accepted at State Bank ATMs?
Debit cards issued by any bank bearing Maestro, Cirrus, Visa, MasterCard and Visa Electron logos can be used at State Bank ATMs.
How are online transactions secured by SBI?
SBI provides a secure platform to perform online debit card transactions using the Verified by Visa (VbV) and the MasterCard SecureCode services.
How does the mini statement feature available in a State Bank of India ATM help customers?
Customers can keep track of the transactions done using their State Bank of India debit card using the mini statement feature. The statement gives customers an insight into their last 10 transactions.
- Debit Cards Vs Credit Cards
- Debit Cards for Fuel
- Debit Cards for Online Shopping
- Prepaid Cards for International Travel
- Debit Cards for Movie Tickets
- Debit Cards for Students
- International Debit Cards
- Debit Cards for Shopping
- Debit Cards for Restaurants
- Debit Cards for EMI
- New ATM Transaction Charges
- SBI Education Loan
- SBI Savings Account
- SBI Credit Card
- State Bank of India Personal Loan
- State Bank of India Car Loan
- SBI Car Loan Interest Rates
- SBI Car Loan Eligibility Calculator
- State Bank of India Used Car Loan
- SBI RD Interest Rate
- SBI Fixed Deposit Rates
- State Bank of India Home Loan
- SBI Health Insurance
- SBI IFSC Code
- SBI Two Wheeler Loan
News About SBI Debit Cards
Jump in SBI Debit Card Transactions Post Demonetisation
State Bank of India, India’s largest lender, reported that a total of Rs.11,720.73 crore was made through debit card transactions which makes up 31% of the market share. In contrast to this report, HDFC and ICICI Bank saw a drop in their market shares following the ban on larger denomination notes in the country. By the end of the month of April, ICICI Bank had 3.7 crore debit cardholders, HDFC Bank had 2.39 crore cardholders, and SBI had nearly 35 crore cardholders. The total cash value of debit card transactions for the whole system stood at Rs.37,481.88 crore. This increase in debit card usage could be credited to the bank’s curbing of online transactions made using debit cards as well as technical refurbishments like optimizing page sizes, etc.
21st June 2017
SBI drops charges on debit cards for small shops
State Bank of India has dropped acceptance charges on debit cards for merchants who have an annual turnover of less than Rs.20 lakh. With 4 lakh point of sale terminals (PoS), SBI is in the process of expanding its credit card acceptance network by adding 1,000 new merchants to their arsenal. Their main targets, small merchants and a segment of the population who have not experienced the benefit of card payments. SBI, with 21.5 crore debit cards being used by the people, are now trying to increase this number by campaigning actively to the smaller merchant community. This waiver of transaction charges applies only to debit cards and not credit cards and bank officials say that this will promote the use of debit cards over credit cards.
10th January 2017
SBI Tightens System Security to Safeguard Debit Cards
Addressing the customer concerns, SBI on Thursday announced that its debit cards are not at any risk and additional measures have been taken to safeguard from all expected threats to system security. The bank said that its systems are extremely secure and customers are free to use their debit cards for online transactions, ATMS and Point of Sale (PoS) terminals without any security concern. SBI was sought explanation from the Stock Exchange, based on reports that debit cards were being blocked by the bank to prevent a suspected data breach. In response, SBI assured that on receipt of alert signals they have intensified system security along all its networks.
16th November 2016
Suspicious Transactions have led SBI to block 6.25 lakh Debit Cards
After cases of suspicious transactions at few ATM machines surfaced, the State Bank of India have blocked about 6.25 lakh debit cards without any prior notice. However, the customers were later notified about the same through emails and text messages. They have been asked to reapply for new cards. The cards have been blocked to avoid any kind of misuse and fraudulent behaviour. SBI customers are not the only victims in this case. Several other foreign and private banks have also witnessed these kind of scams. SBI is now planning to hand over new cards free of cost to the customers whose cards have been blocked. Apart from this, other precautionary measures have also been taken by the banks such as requesting the customers to change their debit card personal identification number and passwords on a regular basis etc.
24th October 2016
Flipkart, Amazon and Snapdeal Kick off Their Festive Sales
Taking advantage of the excitement building up to Diwali, prominent e-commerce companies Amazon, Flipkart and Snapdeal are all set to start off their annual sales around October first week.
The dates for Flipkart’s Big Billion Day has been decided from Oct 2 to Oct 6. All the SBI debit card holders will be happy to know that they will be provided with additional discount of 10%. Specific range of products will be sold on specific days. Apart from that, customers can also be a proud owner of Moto Deck Bluetooth Speaker if they upgrade the flipkart app at specific time right before the start of its festive sales.
The dates for Amazon’s Great Indian Festival has been decided from Oct 1 to Oct 5. They have also announced various special offers such as Curtain Raiser Deals and ‘Wish & Win’ contest for the customers.
29th September 2016
Mobile App launched by SBI to Reduce Debit cards Fraud
In a bid to reduce debit card frauds and misuse, SBI recently launched “SBI Quick”, a mobile app designed primarily to keep fraud under check. Customers can activate or deactivate their cards using this app, with the SMS and Missed Call Banking service primarily focussing on providing immediate solutions to consumers. One can use the mobile number registered with SBI to utilise these services, ensuring they have access to a number of features of the app.
Apart from this app, customers can also activate/deactivate their debit cards through ATMs, e-commerce websites and PoS terminals.
24th May 2016
Going Forward, All new SBI Debit Cards To Be EMV Standard Compliant
Considering the rising usage of debit cards, State Bank of India recently made an important announcement regarding the issue of new debit cards. Keeping in line with international safety standards, all new debit cards issued by the bank will EMV (Europay, MasterCard, Visa) CHIP and PIN based cards.
This migration to EMV Chip and PIN cards takes place following RBI’s directive, passed in August 2015, where the regulatory board stressed on ‘Security and Risk Mitigation Measures for Card Present and Electronic Payment Transactions.’ With this move, State Bank of India becomes the first major Indian bank to issue debit cards which are completely EMV compliant.
Commenting on this latest plan of action, SBI officials are of the opinion that not only will EMV cards greatly facilitate customers in carrying out secure transactions at Point of Sale (POS) terminals but also help make the Indian payment apparatus even more secure. According to reports issued by RBI, SBI owns a majority of the debit card market share, a whopping 38.41%, as on Aug 2015.
Following this move, all new customers who are planning on opening accounts with SBI will only receive EMV Chip or PIN based cards. Additionally, existing customers can also benefit from this facility by putting in a request with the bank to upgrade their existing card. Customers can request for an upgrade to EMV cards by simply visiting any of the bank’s branches and making a nominal fee payment, depending on the card variant they wish to opt for). Existing customers can also request for upgrading their Card by visiting their home .
2nd January 2016
AP Gets Its First SBI ‘In Touch’ Branch at Visakhapatnam
In a move to facilitate digital banking for it’s customers in Andhra Pradesh, State Bank of India recently launched its first tech savvy ‘In Touch’ branch at Visakhapatnam. The bank plans to open 5 more such branches in the state itself, along with plans of launching over 250 ‘In Touch’ branches all over India before the end of the current financial year. The Visakhapatnam branch was inaugurated by the Chairman of SBI, amidst the presence of several of the bank’s top officials.
The new ‘In Touch’ branch at Visakhapatnam offers several customer friendly features like an Online Banking Kiosk, which will help customers not only learn but also how to use internet banking. The branch also houses an Express Banking Zone which consists of an ATM, a recycler (ATM + cash deposit machine), passbook printer and electronic cheque drop machine.
The recently inaugurated ‘In Touch’ branch at Visakhapatnam is SBI’s 9th branch such branch in India and the 4th to be launched in all of South India. The bank has revealed plans to open another such branch in the city, along with one ‘In Touch’ branch at Vijayawada and Tirupati.
SBI has been adjudged as one of the leading banks in the entire Asia Pacific region to successfully combine technology with banking to offer technologically advanced banking solutions to its customers. The bank deals in an extensive suite of products ranging from loans, wealth management, deposits, debit cards, NRI banking and much more.
18th December 2015
Payworld joins hands with SBI for 'Cash Point'
Most folks having a credit and debit card of commercial banks have been facing issues when trying to withdraw money when they roam around in village or semi-urban regions where ATMs are either scarce or obtainable. Payworld, a reputed electronic processing portal for fund transfers, has come out with an innovative idea to get through this issue by partnering with State Bank of India, India’s leading public sector bank. It intends to introduce ‘Payworld Cash Point’, where money can be drawn out from Payworld sale points in places where ATMs are not there or reachable. According to COO of Payworld, Mr. Praveen Dhabhai, the initial plan was to introduce this scheme with at least 500 venders and slowly raise it up to a minimum of 5000 by March 2016. Anybody with a debit card can extract a maximum of INR 2000 using this service. Payworld is part of the based Sugal & Damani group with an asset of 2 billion USD. It is based in Chennai.
18th November 2015
SBI to introduce new mobile wallet, Batua
State Bank of India (SBI), India’s biggest public bank, is planning to introduce a special mobile wallet for feature phones soon as per a PTI report. This app is already named as ‘Batua’, and it is anticipated it will be to distribute this in the coming three months as informed by the SBI MD, Mr. Rajnish Kumar. One can make utility bill payments, cash transactions, purchase plane tickets and others using Batua. You can access it in 13 regional languages. This app can be downloaded from the official website of SBI and then loaded into the feature phones. This is not the first mobile wallet of SBI though. It was only in August this year when they unveiled the Buddy Payment App, which even non-banking clients can access. Both the apps permits customers to add cash through debit card. Money can be transferred via social media portals too.
17th November 2015
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.