SBI revises annual upkeep fees for debit playing cards efficient April 1: This is what you must know | India Enterprise Information

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what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

SBI debit card fees: The State Financial institution of India (SBI) has not too long ago introduced revisions to the annual upkeep fees for sure debit playing cards, set to take impact from April 1, 2024. As per an ET report, these adjustments goal to streamline the charge construction and guarantee continued service high quality for cardholders. Under are the important thing highlights of the revised fees:Basic debit cardsAnnual upkeep fees for Basic, Silver, International, and Contactless Debit Playing cards shall be elevated to Rs.200/- plus GST, up from the earlier Rs. 125/- plus GST.Yuva and different cardsFor debit playing cards like Yuva, Gold, Combo Debit Card, and My Card (Picture Card), the annual upkeep charge will rise to Rs. 250/- plus GST, in comparison with the sooner Rs. 175/- plus GST.Platinum debit cardHolders of SBI Platinum debit playing cards will see their annual upkeep fees go as much as Rs. 325/- plus GST, from the sooner Rs. 250/- plus GST.ALSO READ | What are FASTag fees? Examine particulars for issuers – SBI, HDFC Financial institution, ICICI Financial institution, Airtel Funds Financial institution & morePremium Enterprise debit cardAnnual upkeep fees for premium enterprise debit playing cards equivalent to Satisfaction Premium Enterprise Debit Card shall be elevated to Rs. 425/- plus GST, up from Rs. 350/- plus GST.DEBIT CARD ANNUAL MAINTENANCE CHARGESSr NoParticularsExisting ChargesRevised Expenses(01.04.2024)1Classic /Silver/International/Contactless Debit Playing cards.Rs.125/ +GSTRs. 200/ + GST2Yuva/Gold/Combo Debit Card/My Card (Picture Card)Rs.175/ + GSTRs. 250/+ GST3Platinum Debit CardRs. 250/ +GSTRs. 325/+ GST4Pride / Premium Enterprise Debit CardRs.350/ +GSTRs. 425/+ GSTNote: GST is relevant @ 18percentAdditional charges like debit card issuance charges, substitute charges, and others.Sl.NoParticularsChargesRs1Debit Card Issuance ChargesClassic /Silver/International/Contactless Debit CardNilGold Debit CardRs 100/- + plus GSPlatinum Debit CardRs 300/- + plus GSTMy Card (Picture Card)2Debit Card Annual Upkeep Expenses (Recovered at the start of the second yr onwards)Basic Debit CardRs 125/- plus GSTSilver/International Contactless Debit CardRs 125/- plus GSTYuva / Gold /Combo / My Card (Picture) Debit CardRs 175/- plus GSTPlatinum Debit CarRs 250/- plus GSTPride/Premium Enterprise Debit CardRs 350/- plus GST3Debit Card Alternative ChargesRs 300/- plus GST4Duplicate PIN/ Regeneration of PINRs 50/- plus GST5International Transaction ChargesBalance enquiry at ATMsRs 25 /- + GSTATM Money withdrawal transactionsRs 100/- min. + 3.5% of Txn. Amt. + GSTPoint of Sale(PoS)/ eCommerce transactions3% of transaction quantity plus GSTSBI Card adjustments Beginning April 1, 2024, SBI Playing cards is not going to earn reward factors on hire funds for particular bank cards. Moreover, for some playing cards, reward factors earned from hire funds will expire on April 15, 2024.

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