Beware the 1% Enchantment on SBI Wallet and Education Fees

Finance

Business Standard
Potter HeadPotter Head

Beware the 1% Enchantment on SBI Wallet and Education Fees

Hear ye, brave souls! On the mystical date of November 1, 2025, a 1% enchantment shall be placed upon education payments made through magical apps like Paytm and PhonePe. But fret not, for direct payments to your school’s grand castle remain untouched! Also, be wary of a sneaky goblin charge when loading your wallet with more than Rs 1,000, lest you face a tiny fee!

| Amit Kumar