The Hindu Business Line : SBH to charge Rs 50 per ATM card

The State Bank of Hyderabad (SBH) has announced that an annual maintenance fee (inclusive of service tax) of Rs 50 per card would be levied on ATM cum Debit cardholders with effect from March 19.

In a press release here, the bank said the fee would be applicable for ATM cum Debit cards that were more than one year old as on January 31, 2006. The cards would continue to be issued free of charge and no annual maintenance fee would be levied in the first year, the bank said.

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