You are here: Home » Finance » News » Others
Business Standard

SBI card bill payment of Rs 2,000 by cheque to cost you Rs 100 more

The fee kicks in from April 1

Press Trust of India  |  New Delhi 

Photo: Shutterstock
Photo: Shutterstock

Card, with over 4 million customers, has started charging Rs 100 for through if the amount is up to Rs 2,000 and anything above will attract no fee.

The fee kicks in from April 1.

The move, Card said, is aimed at encouraging digital payments in line with the government's policy.

"A fee of Rs 100 will be charged for payments made by for an amount less than or equal to Rs 2,000 w.E.F April 1, 2017," it said.

The credit card company, however, said there will be no additional fee for payments greater than Rs 2,000.

CEO of Card Vijay Jasuja said that over 90 per cent of its customers make payments through non-mode.

"We have observed a trend of payment-related disputes arising in small payments, causing inconvenience to customers as well. We offer several seamless digital modes of which we are seeking to encourage, in line with the government's focus towards digital payments and this step will facilitate the same," the CEO said.

Jasuja added that there will be no charge on payments on holders of Card Unnati which is targeted at first-time credit card users and aimed at inclusion of people into the organised financial stream.

With a customer base of over 4 million, Card operates through a footprint of more than 90 locations in India.

Card is a joint venture between and The joint venture operates through two companies.

Business Processes Management Services (GECBPMSL) takes care of the technology and processing needs of Card while Cards and Payments Services (SBICPSL) focuses on customer acquisition, marketing and risk management of Card.

Last month, had said it would increase its stake in Card to 74 per cent by June-end.

RECOMMENDED FOR YOU

SBI card bill payment of Rs 2,000 by cheque to cost you Rs 100 more

The fee kicks in from April 1

The fee kicks in from April 1
Card, with over 4 million customers, has started charging Rs 100 for through if the amount is up to Rs 2,000 and anything above will attract no fee.

The fee kicks in from April 1.

The move, Card said, is aimed at encouraging digital payments in line with the government's policy.

"A fee of Rs 100 will be charged for payments made by for an amount less than or equal to Rs 2,000 w.E.F April 1, 2017," it said.

The credit card company, however, said there will be no additional fee for payments greater than Rs 2,000.

CEO of Card Vijay Jasuja said that over 90 per cent of its customers make payments through non-mode.

"We have observed a trend of payment-related disputes arising in small payments, causing inconvenience to customers as well. We offer several seamless digital modes of which we are seeking to encourage, in line with the government's focus towards digital payments and this step will facilitate the same," the CEO said.

Jasuja added that there will be no charge on payments on holders of Card Unnati which is targeted at first-time credit card users and aimed at inclusion of people into the organised financial stream.

With a customer base of over 4 million, Card operates through a footprint of more than 90 locations in India.

Card is a joint venture between and The joint venture operates through two companies.

Business Processes Management Services (GECBPMSL) takes care of the technology and processing needs of Card while Cards and Payments Services (SBICPSL) focuses on customer acquisition, marketing and risk management of Card.

Last month, had said it would increase its stake in Card to 74 per cent by June-end.
image
Business Standard
177 22

SBI card bill payment of Rs 2,000 by cheque to cost you Rs 100 more

The fee kicks in from April 1

Card, with over 4 million customers, has started charging Rs 100 for through if the amount is up to Rs 2,000 and anything above will attract no fee.

The fee kicks in from April 1.

The move, Card said, is aimed at encouraging digital payments in line with the government's policy.

"A fee of Rs 100 will be charged for payments made by for an amount less than or equal to Rs 2,000 w.E.F April 1, 2017," it said.

The credit card company, however, said there will be no additional fee for payments greater than Rs 2,000.

CEO of Card Vijay Jasuja said that over 90 per cent of its customers make payments through non-mode.

"We have observed a trend of payment-related disputes arising in small payments, causing inconvenience to customers as well. We offer several seamless digital modes of which we are seeking to encourage, in line with the government's focus towards digital payments and this step will facilitate the same," the CEO said.

Jasuja added that there will be no charge on payments on holders of Card Unnati which is targeted at first-time credit card users and aimed at inclusion of people into the organised financial stream.

With a customer base of over 4 million, Card operates through a footprint of more than 90 locations in India.

Card is a joint venture between and The joint venture operates through two companies.

Business Processes Management Services (GECBPMSL) takes care of the technology and processing needs of Card while Cards and Payments Services (SBICPSL) focuses on customer acquisition, marketing and risk management of Card.

Last month, had said it would increase its stake in Card to 74 per cent by June-end.

image
Business Standard
177 22