ATM Card AMC is a yearly fee charged by banks to maintain debit card services and related facilities. Charges differ by card type, with basic debit cards often carrying lower or zero AMC compared to premium ones. AMC stands for Annual Maintenance Charge. It is a fee charged by banks every year for maintaining your debit card account. This charge covers the cost of offering debit card-related services, including issuing of card, enabling ATM usage, allowing online and offline transactions, and more. Discover everything about SBI AMC charges, including amc charges of SBI for debit cards, transaction limits and tips to minimize costs effectively. Annual Maintenance Charges (AMCs) on debit cards fund ATM services and vary by bank and card type. Often waived in the first year, fees apply from the second year, with charges differing notably among banks. The blog outlines strategies to avoid AMC charges by using bank ATMs, planning withdrawals, and staying informed to prevent service disruptions.
