What are the charges for VISA Signature Debit Card issued by SBM Bank?

There is no joining or issuance fee for VISA Signature Debit Card issued by SBM Bank. But, from the second year onwards, the annual charge for the debit card is ₹499 + taxes. Do note that, if you lose the card at any point of time, the replacement charges are ₹249 + taxes.

In order to place a request for a physical debit card, an initial deposit of ₹5,000 is required. These funds get reflected in your savings account balance and will be a part of the amount that you can earn up to 5% interest per annum.