Skip to content

SBI Card starts charging late fees on dues of ₹101–₹500

From 1 May 2026, missing an SBI Card payment of ₹101 to ₹500 costs ₹100 instead of nothing, and the ₹501–₹1,000 slab rises from ₹400 to ₹500. Every slab above ₹1,000 stays put.

What changed

Worse for you

Fee change · SBI Card

Before

Late payment charge nil up to ₹500 outstanding; ₹400 for ₹501–1,000

After

Nil up to ₹100; ₹100 for ₹101–500; ₹500 for ₹501–1,000; ₹750 / ₹950 / ₹1,100 / ₹1,300 slabs unchanged

See it with every other change

SBI Card’s revisions notice, reported on 29 March 2026, ends the free ride on small missed payments on 1 May 2026. In SBI Card’s words: “W.e.f. 1 May 2026, Late Payment Charges (LPC) will be revised to Rs.100 for Outstanding Amount Due greater than Rs.100 up to Rs.500; and Rs.500 for Outstanding Amount Due greater than Rs.500 up to Rs.1,000. Rest of the charges remain unchanged.”

Only the bottom of the ladder moves:

Amount dueBefore 1 May 2026From 1 May 2026
Up to ₹100NilNil
₹101–₹500Nil₹100
₹501–₹1,000₹400₹500
Above ₹1,000₹750 / ₹950 / ₹1,100 / ₹1,300 slabsUnchanged

What it costs you. A forgotten ₹300 bill used to cost nothing; it now costs ₹100. A missed ₹800 bill costs ₹500, up from ₹400. Large balances were already in the ₹750–₹1,300 slabs and stay there, so this is a fee aimed squarely at the small, forgotten statement — the leftover subscription charge on a card you barely use.

The fix is boring and total: put every SBI card you hold on auto-debit for at least the minimum due. A card you keep only for its lounge visits or a milestone is exactly the card that runs up a ₹300 balance nobody looks at.

Source: SBI Card — revisions notice.

More on this story

  1. Bank of Maharashtra exits credit card business

  2. SBI Card introduces ₹100 late fee on ₹101–₹500 dues

  3. SBI kills Etihad Guest cards — 0 miles/₹100

  4. Paytm SBI Card SELECT cuts education spends — 1% value

  5. Paytm SBI Card cuts education spends — 1% value

  6. SBI Card splits domestic lounges into tiers, adds entry fees

SBI Card transfer partners

Sources

Published · All news · Every change since 1961 · Report an error