STATE BANK SMART PAYOUT CARD

STATE BANK SMART PAYOUT CARD
STATE BANK SMART PAYOUT CARD

State Bank Smart Payout Card is a prepaid Card issued in Indian Rupees in association with 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. State Bank Smart Payout Card can be used for cash withdrawal at ATMs, for purchase transactions at merchant establishments and for e-Commerce transactions i.e., for online payment.

Currency of Issue

Indian Rupee only

Validity of Card

10 years

Minimum amount of issue

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

Maximum amount of issue

Rs.10,000/-

Load/Reload

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

Daily transaction limit

No limit, Card can be used upto the balance on the Card.

Maximum number of Cards/Account

For Individuals: Maximum 3 Cards per account for fully KYC complied account (excluding current account).
For Corporates:No limit (subject to 1 Card per employee)

Source of Load/Re-Load

For Individuals: The Cards will be loaded/ reloaded only by debit to the designated primary account maintained by the individual with the Bank
For Corporates:The Cards will be loaded/ reloaded only by debit to the accounts maintained by such Corporates with the Bank.

Availability

At all State Bank Group Branches

Charges:

Item

Charges (in Rs.)

Issuance/Replacement fee (per Card)

Rs.102/-

Reload fee (per Card)

Rs. 10/- per reload

Free, if reloaded through SBI Internet Banking

Cash withdrawal/balance enquiry at State Bank Group ATMs

No charges

Cash withdrawal/balance enquiry at other Bank ATMs

Cash withdrawal: Rs. 20/-
Balance enquiry: Rs. 9/-