GREEN REMIT CARD

 
GREEN REMIT CARD IMAGE

SALIENT FEATURES OF THE CARD  SBI Green Remit Card

1.

Type and Nature of Card

  • SBI Green Remit Card is a simple Magstripe based card without PIN.

  • The product is targeted to facilitate Non-Home Cash Deposit Transactions to be routed through Green Channel Counter (GCC)/ Cash Deposit Machine (CDM)

2.

Eligibility

  • All customers (remitters), particularly non-account holders, who want to remit money to a SBI bank account at regular intervals

  • Customer may visit any GCC branch or CDM branch and submit simple Application Form along with one ID proof document

  • Card would be mapped to the particular beneficiary account (Has to be an SBI account).

3.

Nature of use

  • Card can be used for deposit of Cash (INR) to the designated beneficiary's SBI account.

  • Card is accepted at all Green Channel Counter Branches and Cash Deposit Machines.

4.

Deposit Limit

  • Deposit can be made by way of cash only.

  • Transaction limit is Rs.25,000/- per transaction subject to a monthly cap of Rs.1,00,000/-

5.

Service Charges

Issue of Card

Rs.20/- (w.e.f. 15 th July 2013)

Transaction Charges in GCC

 

 

As applicable to regular non-home cash deposit transactions at branch

Transaction Charges in CDM

6.

Cards Issuance

  • Branch will issue pre-printed SBI Green Remit Card instantaneously to the remitter.

7.

Transactions through GRC

  • Remitter can visit any GCC branch or CDM to deposit cash to the predetermined SBI account

  • When card is swiped, account particulars are shown on the screen for confirmation.

  • Customer is prompted to enter amount and after cash is collected and verified, acknowledgement is generated.

  • Remitter and Beneficiary will get SMS immediately on successful completion of the transaction.

  • Beneficiary SBI account will be updated with the transaction amount along with Card number.