Even if your debit or ATM card is lost or stolen, you will have to pay a Card Replacement Charges to the bank for issuing a new card. Now the question is, which bank charges how much money to replace the card.
Many banks impose various types of charges on your debit card. Generally these charges start being levied from the second year onwards. What charges (Debit Card Charges) will be levied on you and how much will be charged depends on which card you have taken. Even if your debit or ATM card is lost or stolen, you will have to pay a Card Replacement Charges to the bank to get a new card issued. Now the question is, which bank charges how much money to replace the card. Let us know the charges of 5 big banks, which are imposed on the customers on replacing the debit card.
1- State Bank of India (SBI)
In the country’s largest bank, State Bank of India, you have to pay some charges for replacing the card. This charge is Rs 300 and on that you have to pay 18 percent GST separately. In this way, you have to pay more than Rs 350 for changing the card.
2- HDFC Bank
If you are a customer of HDFC Bank and want to replace your ATM or debit card, then you will have to pay Rs 200 as replacement fee. You will have to pay GST separately on this. Even though the replacement fee for each card is the same from the bank, the annual charge on it varies.
3- ICICI Bank
The fee for card replacement is Rs 200 charged by ICICI Bank. At the same time, you have to pay 18 percent GST separately on this. So you will have to pay around Rs 236, only then you will get a new ICICI debit card.
4- Canara Bank
The fee for replacing the card in Canara Bank is Rs 150. So if your card is lost or stolen and you want to get another card, then you will have to pay Rs 150 as replacement fee and will also have to pay 18 percent GST.
5- Punjab National Bank
The fee for replacing debit card in Punjab National Bank ranges from Rs 150 to Rs 500. This fee depends on which card you have, the fee is charged accordingly. Apart from this you also have to pay GST.
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