State Bank of Indias (SBI) joint venture (JV) - SBI Card has revised fuel surcharge from 2.5% to 1% with effect from April 26, 2017. This step has been taken in line with overall reduction affected by oil marketing companies to promote digital transactions.
Earlier, SBI Card had started charging Rs 100 for payment through cheque if the amount is up to Rs 2,000. The fee kicked in from April 1.
SBI Card is a joint joint venture between State Bank of India and GE Capital. The joint venture operates through two companies.