Under the SBI Card late payment penalty charges revised rule, a new fee slab has been introduced for smaller outstanding amounts. If the unpaid balance is between ₹100 and ₹500, customers will now pay a ₹100 late fee. Earlier, there was no penalty for this range.

The fee for dues between ₹500 and ₹1,000 has also increased. Customers will now pay ₹500 as a late payment charge, compared to ₹400 earlier.

Penalty charges for higher outstanding balances remain unchanged. Late payment fees range from ₹750 for dues above ₹1,000 to ₹10,000 and can go up to ₹1,300 for balances above ₹50,000.

Financial experts advise credit card users to clear at least the minimum amount before the due date to avoid penalties and protect their credit score.

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