Category Archives: SBI Debit card

STATE BANK OF INDIA -PREPAID CARDS

Posted in SBI, SBI Debit card, SBI Pre-paid card by

State Bank Smart Payout Card is a prepaid Card which is issue within INDIA and in  Indian Rupees powered by VISA. It is an ideal product for making periodical payments like salary, wages, commission, etc and also can be issued as an add-on Card for the existing account holders.It  can be used for cash withdrawal at ATMs, for purchase transactions at merchant establishments and for e-Commerce transactions i.e., for online payment.This card request can be done at your SBI branch
State Bank Smart Payout cards’ are enabled for Cash withdrawal,Balance enquiry at other Bank ATMs(will be charged as prescribed from time to time) currently Rs.20/-Per withdrawal and Rs.9/- for balance enquiry.

Feature of SMART Payout Card
Usage of this card
i. For Corporates: Employees/Workers/Contract labourers of Corporate/MCG/SME customers etc.
ii. For Individuals: To all KYC compliant primary account holders for ultimate use by beneficiaries (dependents).

This can be helpful for customer who do not use DEBIT card frequently and he/she do not wants to pay annual FEE for DEBIT card.

Minimum Load
Rs. 100/- and thereafter in multiples of Re. 1

Validity
10 Years

Maximum Load
Rs.10,000/- (with a monthly ceiling of Rs.25,000/-)
Re-loadable with a load/reload limit of Rs. 10,000/- with monthly ceiling of Rs.25,000/-. (limit of Rs.10000/- per transaction and Rs.25000/- per month)

Daily Transaction Limit
Rs.10000/-cash withdrawal/PoS/e-Commerce usage.

Number of Cards
i) For Individuals: Maximum 3 Cards per account for fully KYC complied account.(excluding current account)
ii) For Corporates: No limit (subject to one card per employee

Charges

Issuance Fee ( One Time)
Rs. 102/-
Reloading Charge
Rs.10/- (Nil if loaded/ reloaded through CINB -Internet Banking)

Replacement Card/ Duplicate Pin
Rs. 102/-

Cash Withdrawal from any State Bank Group ATMs in india
No charges.

Physical Statement of A/c
Rs. 102/-

Transactions at other Bank ATM’s
Charges Rs. 20.00 per withdrawal.
Charges Rs. 9.00 for balance enquiry.

Apart from this card there are other different segment of card for other usage like

STATE BANK FOREIGN TRAVEL CARD – suitable for people who do frequent Travling abraod
STATE BANK eZ-PAY CARD
STATE BANK GIFT CARD–  It is usable at all VISA enabled Merchant Establishments and POS or e-Commerce transactions. It is a better substitute for Gift Vouchers sold by many retail houses as its use is not restricted to any particular Merchant Establishment/ Point of Sale
STATE BANK XPRESS MONEY CARD
STATE BANK ACHIEVER CARD

State Bank of India (SBI) launched a pre-paid card as "SBI Smart Payout Card"

Posted in SBI, SBI Debit card, SBI Pre-paid card, State Bank of India by
 State Bank of India  (SBI) launched a pre-paid card  as “SBI Smart Payout Card” for students, employees, workers, and contract labourers. This card is focus to customers don’t need to open any bank account to subscribe to these cards.

The exercise is aimed at financial inclusion. It will help garner low cost current and savings account (CASA) deposits. Using such cards customers can transfer money from one place to the other. Especially for contract labourers who work in urban areas, it is very useful
The KYC (Know Your customer) norms are also relaxed here. This will enable the product to reach its target audience. Customer needs a basic proof of identification. Any KYC compliant SBI customer can introduce a new customer. An employer too can endorse its employee’s application. These cards can be used in all existing

Feature of SBI Smart Payout Card
1) SBI group ATMs and 65,000 points of sales (PoS) at free of cost.
2) The pre-paid card bears a charge of Rs 9-20 per transaction in case of other banks’
3) ATMs. The pre-paid card can be loaded with Rs 10,000 at a time with a monthly cap of Rs 25,000.
4)SBI will charge Rs 102 as fees for issuing the card with a validity of 10 years.

This card will help small scale companies (SMEs) to  give salaries via such cards.

State Bank of India (SBI) launched a pre-paid card as "SBI Smart Payout Card"

Posted in SBI, SBI Debit card, SBI Pre-paid card, State Bank of India by
 State Bank of India  (SBI) launched a pre-paid card  as “SBI Smart Payout Card” for students, employees, workers, and contract labourers. This card is focus to customers don’t need to open any bank account to subscribe to these cards.

The exercise is aimed at financial inclusion. It will help garner low cost current and savings account (CASA) deposits. Using such cards customers can transfer money from one place to the other. Especially for contract labourers who work in urban areas, it is very useful
The KYC (Know Your customer) norms are also relaxed here. This will enable the product to reach its target audience. Customer needs a basic proof of identification. Any KYC compliant SBI customer can introduce a new customer. An employer too can endorse its employee’s application. These cards can be used in all existing

Feature of SBI Smart Payout Card
1) SBI group ATMs and 65,000 points of sales (PoS) at free of cost.
2) The pre-paid card bears a charge of Rs 9-20 per transaction in case of other banks’
3) ATMs. The pre-paid card can be loaded with Rs 10,000 at a time with a monthly cap of Rs 25,000.
4)SBI will charge Rs 102 as fees for issuing the card with a validity of 10 years.

This card will help small scale companies (SMEs) to  give salaries via such cards.