Latest news with #SBIPlatinumCreditCard
Mint
6 days ago
- Business
- Mint
SBI Card brings THESE changes to its credit card offerings with effect from Aug 11. Check details
SBI Card has announced a set of changes to a number of its cards with regard to air accident insurance coverage. The proposed changes will come into effect on August 11, 2025. The credit card users of SBI Card will not have access to complimentary air accident insurance coverage amounting to ₹ one crore on some of the cards starting August 11. These cards are UCO Bank SBI Card ELITE, Central Bank of India SBI Card ELITE, PSB SBI Card ELITE, KVB SBI Card ELITE, KVB SBI Signature Card, and Allahabad Bank SBI Card ELITE. Likewise, the cardholders of some cards will cease to have access to complimentary air accident insurance coverage of ₹ 50 lakh starting August 11. The cards which will lose access to this coverage are UCO Bank SBI Card PRIME, Central Bank of India SBI Card PRIME, PSB SBI Card PRIME, KVB SBI Card PRIME, Karur Vysya Bank SBI Platinum Credit Card, South Indian Bank SBI Card PRIME, South Indian Bank SBI Platinum Credit Card, Karnataka Bank SBI Card PRIME, Karnataka Bank SBI Platinum Credit Card, City Union Bank SBI Card PRIME, Allahabad Bank SBI Card PRIME, UBI SBI PLATINUM Credit Card, OBC SBI VISA PLATINUM Card, Federal Bank SBI Platinum Credit Card and BOM SBI PLATINUM Credit Card. S. No. SBI Credit Card 1 UCO Bank SBI Card PRIME 2 Central Bank of India SBI Card PRIME 3 PSB SBI Card PRIME 4 KVB SBI Card PRIME 5 Karur Vysya Bank SBI Platinum Credit Card 6 South Indian Bank SBI Card PRIME 7 South Indian Bank SBI Platinum Credit Card 8 Karnataka Bank SBI Card PRIME 9 Karnataka Bank SBI Platinum Credit Card 10 City Union Bank SBI Card PRIME 11 Allahabad Bank SBI Card PRIME 12 UBI SBI PLATINUM Credit Card 13 OBC SBI VISA PLATINUM Card 14 Federal Bank SBI Platinum Credit Card 15 BOM SBI PLATINUM Credit Card It is worth mentioning here that SBI Card introduced similar changes, which came into effect on July 15. The credit card company had discontinued the complimentary Air Accident insurance coverage of ₹ 1 crore offered on SBI Card Miles Elite and SBI Card Miles Prime. Besides, the complimentary air accident insurance coverage of ₹ 50 lakhs offered on your SBI Card Prime and SBI Card Pulse was also discontinued. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks, such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
NDTV
30-07-2025
- Business
- NDTV
From UPI Rules To Trading Hours: Key Financial Changes From August 1
The National Payments Corporation of India (NPCI) is set to implement a set of changes to the Unified Payments Interface (UPI) from August 1, 2025, in order to make the interface stable and efficient. Besides UPI, some other financial changes are also scheduled. UPI Transaction Rules NPCI releases a circular in April to inform the users that it has planned some changes to reduce the response time of UPI transactions. The adjustments are aimed at helping remitter banks, beneficiary banks and Payment Service Providers (PSPs), such as PhonePe, Google Pay and Paytm. Here are the key UPI changes: Balance Check Limit: 50 balance checks per day per UPI app. If the user has more than one UPI app, they can check their balance 50 times on each app, but users are advised not to check their balance during peak hours. Auto-Pay Transactions: Will only be processed during non-peak hours (before 10:00 am, between 1:00 pm and 5:00 pm, and after 9:30 pm). Transaction Status Checks: Limited to 3 times with a minimum gap of 90 seconds. Linked Account Checks: Limited to 25 times per day per app. Beneficiary Name Display: The recipient's registered bank name will be visible before confirming payment, reducing errors and fraud. SBI Credit Card Rules The State Bank of India announced that it will discontinue the free air accident insurance cover available on many co-branded cards. The bank notified that complimentary air accident insurance coverage of Rs 1 Cr currently offered on your UCO Bank SBI Card ELITE, Central Bank of India SBI Card ELITE, PSB SBI Card ELITE, KVB SBI Card ELITE, KVB SBI Signature Card, and Allahabad Bank SBI Card ELITE will be discontinued. Also the complimentary air accident insurance coverage of Rs 50 Lakh currently offered on your UCO Bank SBI Card PRIME, Central Bank of India SBI Card PRIME, PSB SBI Card PRIME, KVB SBI Card PRIME, Karur Vysya Bank SBI Platinum Credit Card, South Indian Bank SBI Card PRIME, South Indian Bank SBI Platinum Credit Card, Karnataka Bank SBI Card PRIME, Karnataka Bank SBI Platinum Credit Card, City Union Bank SBI Card PRIME, Allahabad Bank SBI Card PRIME, UBI SBI PLATINUM Credit Card, OBC SBI VISA PLATINUM Card, Federal Bank SBI Platinum Credit Card, BOM SBI PLATINUM Credit Card will be discontinued. Will LPG And CNG Prices Change? It is expected that the prices of LPG cylinders, along with CNG, PNG, and aviation turbine fuel (ATF) prices, would change on August 1, 2025. The prices are reviewed every month and revised if the authorities find it necessary. Extension Of Trading Hours The Reserve Bank of India (RBI) announced an extension in the trading hours of the call money, market repo and Tri-Party Repo (TREPs) markets effective July 1, 2025, to be effected in two phases. It stated that from July 1, 2025, the call money market shall remain open from 9:00 am to 7:00 pm. Meanwhile, the trading hours for market repo and TREPs will be extended to 4:00 pm, effective from August 1, 2025. The new timings are from 9:00 am to 4:00 pm. RBI Monetary Policy Committee (MPC) Meeting
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Business Standard
25-07-2025
- Business
- Business Standard
SBI Card to discontinue Rs 1 cr air insurance on these cards: Check list
SBI Card will on August 11 discontinue complimentary air accident insurance cover of up to Rs 1 crore for a wide range of co-branded credit cards. Earlier this month, the company withdrew air accident insurance benefits on SBI Card ELITE, SBI Card PRIME and other cards. Who is impacted? The new announcement will impact variants of ELITE and PRIME cards, which are offered in partnership with public and private sector banks. These complimentary covers were one of the major perks associated with premium card offerings. List of SBI cards losing Rs 1 crore insurance benefit: UCO Bank SBI Card ELITE Central Bank of India SBI Card ELITE PSB SBI Card ELITE Allahabad Bank SBI Card ELITE Karur Vysya Bank (KVB) SBI Card ELITE KVB SBI Signature Card List of SBI cards losing Rs 50 lakh insurance benefit: UCO Bank SBI Card PRIME Central Bank of India SBI Card PRIME PSB SBI Card PRIME KVB SBI Card PRIME KVB SBI Platinum Credit Card South Indian Bank SBI Card PRIME South Indian Bank SBI Platinum Credit Card Karnataka Bank SBI Card PRIME Karnataka Bank SBI Platinum Credit Card City Union Bank SBI Card PRIME Allahabad Bank SBI Card PRIME UBI SBI Platinum Credit Card OBC SBI Visa Platinum Card Federal Bank SBI Platinum Credit Card Bank of Maharashtra SBI Platinum Credit Card What has changed already Earlier in July, SBI Card air accident insurance cover from its own-branded cards, including: SBI Card ELITE SBI Card Miles ELITE SBI Card Miles PRIME SBI Card PRIME SBI Card Pulse The Rs 1 crore and Rs 50 lakh insurance covers were provided free of cost and did not require any separate application. Cardholders relying on this complimentary insurance should now consider buying a standalone travel or personal accident insurance policy if air travel risk coverage is important. It's also advisable to check your card's updated terms and conditions or speak to customer service to understand the full implications.
India.com
16-07-2025
- Business
- India.com
SBI Credit Card Rules Changed From 15 July 2025: All You Want To Know
photoDetails english 2932409 Updated:Jul 16, 2025, 07:57 AM IST SBI Cards Minimum Amount Due rule changes from 15 July 1 / 9 With effect from 15 July 2025, Minimum Amount Due (MAD) calculation will be as follows: 100% of GST + 100% of EMI amount + 100% of Fees/Charges + 100% of finance charges + Overlimit Amount (if any) + 2% of remaining balance outstanding. SBI Cards Order of Payment Settlement rule changes from 15 July 2 / 9 With effect from 15 July 2025, the Order of Payment Settlement will be as follows: Payment received against the Cardholder's outstanding will be adjusted against 100% of GST, 100% of EMI amount, 100% of Fees/Charges, 100% of Finance charges, Balance transfer, Retail Spends and Cash Advance, in that order. SBI Card Elite rule changes from 15 July 3 / 9 With effect from 15 July 2025, the complimentary Air Accident insurance coverage of Rs 1 crore currently offered on your SBI Card Elite will be discontinued. SBI Card Miles Elite rule changes from 15 July 4 / 9 With effect from 15 July 2025, the complimentary Air Accident insurance coverage of Rs 1 crore currently offered on your SBI Card Miles Elite will be discontinued. SBI Card Miles Prime rule changes from 15 July 5 / 9 With effect from 15 July 2025, the complimentary Air Accident insurance coverage of Rs 1 crore currently offered on your SBI Card Miles Prime will be discontinued. SBI Card Prime rule changes from 15 July 6 / 9 With effect from 15 July 2025, the complimentary Air Accident insurance coverage of Rs 50 lakhs currently offered on your SBI Card Prime will be discontinued. SBI Card Pulse rule changes from 15 July 7 / 9 With effect from 15 July 2025, the complimentary Air Accident insurance coverage of Rs 50 lakhs currently offered on your SBI Card Pulse will be discontinued. SBI cards rule from August 8 / 9 Additionally, regarding change in SBI cards rule from August, the company said With effect from 11 August 2025, Complimentary Air Accident Insurance coverage of Rs 1 Cr. currently offered on your UCO Bank SBI Card ELITE, Central Bank of India SBI Card ELITE, PSB SBI Card ELITE, KVB SBI Card ELITE, KVB SBI Signature Card and Allahabad Bank SBI Card ELITE will be discontinued. SBI card rule changes With effect from 11 August 2025 9 / 9 With effect from 11 August 2025, Complimentary Air Accident Insurance coverage of Rs. 50 Lakh currently offered on your UCO Bank SBI Card PRIME, Central Bank of India SBI Card PRIME, PSB SBI Card PRIME, KVB SBI Card PRIME, Karur Vysya Bank SBI Platinum Credit Card, South Indian Bank SBI Card PRIME, South Indian Bank SBI Platinum Credit Card, Karnataka Bank SBI Card PRIME, Karnataka Bank SBI Platinum Credit Card, City Union Bank SBI Card PRIME, Allahabad Bank SBI Card PRIME, UBI SBI PLATINUM Credit Card, OBC SBI VISA PLATINUM Card, Federal Bank SBI Platinum Credit Card, BOM SBI PLATINUM Credit Card will be discontinued.
India.com
04-07-2025
- Business
- India.com
SBI Credit Card Rules Changing From 15 July 2025: All You Want To Know
photoDetails english 2926313 Updated:Jul 04, 2025, 09:07 AM IST SBI Cards Minimum Amount Due rule changes from 15 July 1 / 9 With effect from 15 July 2025, Minimum Amount Due (MAD) calculation will be as follows: 100% of GST + 100% of EMI amount + 100% of Fees/Charges + 100% of finance charges + Overlimit Amount (if any) + 2% of remaining balance outstanding. SBI Cards Order of Payment Settlement rule changes from 15 July 2 / 9 With effect from 15 July 2025, the Order of Payment Settlement will be as follows: Payment received against the Cardholder's outstanding will be adjusted against 100% of GST, 100% of EMI amount, 100% of Fees/Charges, 100% of Finance charges, Balance transfer, Retail Spends and Cash Advance, in that order. SBI Card Elite rule changes from 15 July 3 / 9 With effect from 15 July 2025, the complimentary Air Accident insurance coverage of Rs 1 crore currently offered on your SBI Card Elite will be discontinued. SBI Card Miles Elite rule changes from 15 July 4 / 9 With effect from 15 July 2025, the complimentary Air Accident insurance coverage of Rs 1 crore currently offered on your SBI Card Miles Elite will be discontinued. SBI Card Miles Prime rule changes from 15 July 5 / 9 With effect from 15 July 2025, the complimentary Air Accident insurance coverage of Rs 1 crore currently offered on your SBI Card Miles Prime will be discontinued. SBI Card Prime rule changes from 15 July 6 / 9 With effect from 15 July 2025, the complimentary Air Accident insurance coverage of Rs 50 lakhs currently offered on your SBI Card Prime will be discontinued. SBI Card Pulse rule changes from 15 July 7 / 9 With effect from 15 July 2025, the complimentary Air Accident insurance coverage of Rs 50 lakhs currently offered on your SBI Card Pulse will be discontinued. SBI cards rule from August 8 / 9 Additionally, regarding change in SBI cards rule from August, the company said With effect from 11 August 2025, Complimentary Air Accident Insurance coverage of Rs 1 Cr. currently offered on your UCO Bank SBI Card ELITE, Central Bank of India SBI Card ELITE, PSB SBI Card ELITE, KVB SBI Card ELITE, KVB SBI Signature Card and Allahabad Bank SBI Card ELITE will be discontinued. SBI card rule changes With effect from 11 August 2025 9 / 9 With effect from 11 August 2025, Complimentary Air Accident Insurance coverage of Rs. 50 Lakh currently offered on your UCO Bank SBI Card PRIME, Central Bank of India SBI Card PRIME, PSB SBI Card PRIME, KVB SBI Card PRIME, Karur Vysya Bank SBI Platinum Credit Card, South Indian Bank SBI Card PRIME, South Indian Bank SBI Platinum Credit Card, Karnataka Bank SBI Card PRIME, Karnataka Bank SBI Platinum Credit Card, City Union Bank SBI Card PRIME, Allahabad Bank SBI Card PRIME, UBI SBI PLATINUM Credit Card, OBC SBI VISA PLATINUM Card, Federal Bank SBI Platinum Credit Card, BOM SBI PLATINUM Credit Card will be discontinued.
