New Banking Charges from 1 Sep 2021| New Credit Card Charges Axis SBI

New Banking Updates from 1 sep 2021.
New banking Credit Card charges.
New Axis Bank Credit Card charges from 1 sep 2021.


W.e.f. 01 Nov 2021, the rate of finance charges on Shaurya SBI Card and all Defense cards will be revised to 2.75% p.m. from 2.5% p.m.
The one-time processing fee on Encash bookings will be revised from 2% to 1.5% of booking amount. The maximum capping of Rs. 3,000 on processing fees will also be removed. These changes will be effective from 05 Sep 2021. All pre-existing Encash offers (prior to 05 Sep 2021) would continue, till offer expiry, basis the pre-defined offer rate (ROI & Processing Fee) as communicated to the cardholder.
The Rate of Interest for Flexipay bookings will be revised to 20% per annum from the existing rate of 22%. The change will be effective from 05 Oct 2021.
W.e.f. 01 Sep 2021, the fee levied on cash payment at bank branches towards the Total Amount Due against your SBI Credit Card will be revised to Rs. 250 from Rs. 199. Please note, this charge is excluding applicable taxes.
W.e.f. 01 Sep 2021, the rate of finance charges will be revised to 2.75% p.m. from 2.5% p.m. on all secured SBI Credit Card.
W.e.f. 01 Sep 2021, the fee of Rs. 200 levied on any new request related to increase of credit limit or for changing the network on your SBI Credit Card will not be applicable.
Please note, processing fees to be levied on booking of merchant

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New Banking Updatesnew banking charges from SeptemberNew credit card charges From 1sep 2021