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.