Gift Card  

Presenting Gifts to your loved ones is an integral and unique culture in India. Traditionally, gifts have been given in the form of cash or kind. With the advancement of Banking, Gift Cheques were introduced, allowing the beneficiaries to use the money according to their wishes. These cheques, however, are accepted at the issuing bank branches only. The SBI Gift Card , issued in association with VISA International, is one product which gives the comfort of convenience and wide acceptability.

SBI Gift Card is a Pre-paid Plastic Card supported by Magnetic-strip based technology. It is usable at all VISA enabled Merchant Establishments and POS by signature/ PIN. It is a perfect substitute for Gift Vouchers sold by many retail houses as its use is not restricted to any particular Merchant Establishment/ Point of Sale.

Product Features

•  Available at all Branches on Core Banking Solution

•  Issued for a minimum of Rs.500/- and thereafter in multiples of Rs.100 subject to a maximum of Rs.20,000/-

•  Issued in Rupees and is acceptable at all VISA merchant establishments in India, Nepal and Bhutan

Documentation

•  For Individuals: Basic KYC norms will be completed

•  For Corporates: The corporate will just give a list of the beneficiaries and the cards will be issued

Personalised Cards

The card can also be personalized, upon request by the Corporates for Bulk Issue

Daily Transaction Limit

•  Point of Sales Transactions – Upto the Balance in the Card

•  Balance enquiry can be done through SBI ATMs/ through Internet free of cost

•  Account Statement can be viewed/ printed through Internet free of cost

Card Validity

The expiry date is pre-printed on the cards