India– From the new month i.e. December, shopping with the credit card of State Bank of India (SBI) will become expensive. According to SBI, it will collect processing charges as well as tax from its credit card customers on all EMI purchases. This charge will be in addition to the interest charges on converting the purchase into EMI.

Understand in simple language, if you buy a product on EMI with SBI’s credit card, then you will have to pay an extra 99 rupees for it. This rule will also apply to the transactions done from merchant outlets. However, if you have done any transaction before December 1, then there will be no extra charge on it. Customers using SBI credit cards have been informed in this regard.

There will also be a setback: From December 1, the savings account holders of Punjab National Bank will get a big blow on the interest. Now the annual interest rate has come down from 2.90 per cent to 2.80 per cent. Apart from this, the price of matches will also increase by Re. Now the new price of matches will be Rs. Let us tell you that the last time the price of matches was increased by 50 paise in the year 2007. That is to say, after about 14 years, matches have become expensive.