State Bank of India: SBI Card to Levy 1% Fee on Education and Wallet Transactions from November 2026

State Bank of India: SBI Card to Levy 1% Fee on Education and Wallet Transactions from November 2026

New Delhi: SBI Card has announced changes to its transaction fee structure, effective November 1, 2025. SBI Cards will now add a 1% transaction fee on selected education payments and wallet load transactions made via State Bank of India credit cards.

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What are the New charges on SBI Credit Cards

According to SBI Card, the transaction fee will apply to education payments made through third-party platforms using SBI Credit Cards. But any kind of direct educational payments to schools or colleges via their official websites or POS machines will remain exempt. Additionally, a 1% fee will be charged on wallet top-ups exceeding ₹1,000.

SBI Cards has also announced reward point benefits from October 1 for shopping on Ajio and JioMart. Under the scheme, Reliance SBI Card PRIME users earn 20 reward points per ₹100 spent, and other SBI Card holders earn 10 points per ₹100.

SBI Card also confirmed that from September 16, 2025, all CPP customers have been automatically migrated to updated plan variants based on their renewal dates.