PNB and SBI Credit Card New Charges from 1 November 2026: 1% Fee on Utility Bills, ₹99 on Reward Redemption
From 1 November 2026, some new charges apply on Punjab National Bank (PNB) credit cards. Reports say SBI has also added some new charges for its cardholders. Card users should read the new terms before paying bills or redeeming rewards.
What Changed on PNB Cards
Charges linked to cash withdrawal, late payment, reward point redemption and utility bill payment on PNB Visa and RuPay credit cards have changed.
1% Fee on Utility Bills
If total utility payments such as electricity, water, internet and phone bills exceed ₹50,000 in one billing cycle, a 1% extra fee applies. It is capped at ₹2,000 per transaction and taxes are extra.
Reward Point Redemption
A ₹99 fee per eligible reward redemption request has been reported. It can add to costs for people who redeem small amounts repeatedly.
SBI Cards
SBI has also added some new charges. Which charge applies depends on your card type, so check your card's terms with the bank.
Easy Ways to Avoid Fees
- Split large utility bills across cycles or pay via UPI or net banking.
- Redeem reward points in one go rather than repeatedly.
- Read the bank's SMS or email carefully and check the new terms in the app.
Frequently Asked Questions (FAQ)
When does the utility bill fee apply?
When total payments exceed ₹50,000 in one billing cycle.
What is the maximum fee?
₹2,000 per transaction, taxes extra.
What is the reward redemption fee?
₹99 per eligible request.
Note: This information is written in our own words from various news reports and public notices, as of 1 November 2026. Prices and rules may differ by city, state and bank. It is not investment, legal or medical advice. For final information, check the official website of the department or company concerned. Emitrawala.com is not a government website.
