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SBI Prepaid Cards – Apply Online | Types | Charges | Features | Limits

SBI Prepaid Card - Apply Online | Types | Charges | Features | Limits

What is SBI Prepaid Card?

In this article, we will discuss SBI Prepaid card(s) in particular but before getting into the main topic let’s understand what prepaid cards mean?

As the name suggests it’s prepaid means your card is already loaded with money. In other words, a prepaid card means you use this card to pay for things up to the money loaded on the card. However, this card will not be linked to any bank account, unlike a debit card. At times, this card is also referred to as a prepaid debit card or stored value card. You can use this card at many online and offline stores. Generally, these cards come with VISA or Mastercard logo so by looks one cannot differentiate this card from a debit/credit card.

These cards are convenient replacements for cash in case someone doesn’t like to carry a lot of cash. Like a credit card, you don’t have to pay the bill as money is already loaded nor do you need to have a bank account linked with this card. Unlike a credit card, you don’t need to have a good credit history to own a prepaid card as you’re already paying for it.

In the same context, the State Bank of India also offers Prepaid cards. They have a wide variety of prepaid cards to meet the different needs of customers or corporates. In the next section, we are going to cover different types of prepaid cards offered by SBI with their features and charges.

Also Read SBI Gold FD – Features | Types | Interest Rate | Applying Procedure

Card Types, Charges, Features & Limits

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Here is the list of SBI prepaid card(s)

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SBI Gift Card

DescriptionSBI Gift Card
DefinitionDuring the festive season or on special occasions, giving gifts to your loved one is an important part of Indian culture. Usually, gifts have been given in the form of cash or kind. Due to advancements in technology instead of giving gifts or cash you can give SBI Gift Card so your loved ones can buy anything of their choice.
Currency of IssueINR
Validity of the CardMax 3 Years or when the cash gets over.
Eligibility CriteriaAny SBI Customer
Maximum Amount of LoadRs.10000/-
Minimum Amount of LoadRs.500/-
Re-loadableNo
Daily Transaction LimitNo daily limit can be used at any POS of Indian merchants or e-commerce websites. But cannot withdraw cash at ATMs
Balance EnquiryFree at SBI ATMs or online at https://prepaid.onlinesbi.com and a charge of Rs 9/- at other bank ATMs.
Issuance FeeRs.100+GST
Online IssuanceYes

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SBI Achiever Card

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DescriptionSBI Achiever Card
DefinitionIt’s an ideal card for rewarding the achievers in any field. It’s more like a non-cash incentive/payment to your employees or nonemployees to boost their confidence to perform relentlessly
Currency of IssueINR
Validity of the Card10 Years
Eligibility CriteriaCorporate to give incentives to their employees
Maximum Amount of LoadRs 1lac ( Restricted Rs.50k per month by paying cash)
Minimum Amount of LoadMin Rs.100 per load but balance should not exceed Rs.1ac
Re-loadableYes
Daily Transaction LimitNo daily limit can be used at any POS of Indian merchants or e-commerce websites. But cannot withdraw cash at ATMs.
Balance EnquiryFree at SBI ATMs or online at https://prepaid.onlinesbi.com and a charge of Rs 9/- at other bank ATMs.
Issuance FeeRs.150+GST
Online IssuanceNo

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SBI eZ-Pay Card

DescriptionSBI eZ-Pay Card
DefinitionSBI Prepaid card(s) are issued in Indian Rupees in association with VISA
SBI EZ-Pay is a proposition for employers. Suitable for making periodical payments like salaries or wages to employees who are required to work at a different location. Therefore, cards can be loaded at a single point and funds would be available to all employees immediately.
Currency of IssueINR
Validity of the Card10 Years
Eligibility CriteriaCorporate to give incentives to their employees
Maximum Amount of LoadRs 1lac ( Restricted Rs.50k per month by paying cash)
Minimum Amount of LoadMin Rs.100 per load but balance should not exceed Rs.1ac
Re-loadableYes
Daily Transaction LimitMin Cash withdrawal at SBI ATM: Rs.100/-
Max Cash Withdrawal at SBI ATM: Rs.40000/-
A POS or E-Commerce site: Upto the balance available in the card
Balance EnquiryFree at SBI ATMs or online at https://prepaid.onlinesbi.com and a charge of Rs 9/- at other bank ATMs.
Issuance FeeRs.150+GST
Online IssuanceNo

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SBI Foreign Travel Card

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DescriptionSBI Foreign Travel Card
DefinitionSBI Foreign travel card is suitable for foreign travels without needing to carry cash during trips and exchange them in foreign currency. It’s a chip base EMV compliant card that offers convenient and worry-free travel anywhere in the world.
Currency of IssueAvailable in 8 foreign currencies: US Dollars (USD), Pound Sterling (GBP), Euro (EUR), Japanese Yen (YEN), Canadian Dollar (CAD), Australian Dollar (AUD), Saudi Riyal (SAR), and Singapore Dollar (SGD)
Validity of the Card5 Years
Eligibility Criteria1) Any bonafide Citizen of India 2) Corporate sending employees abroad for official purpose 3) Parents of students going to abroad for studies 4) Foreigners residing in India as per KYC norms
Maximum Amount of LoadAs per RBI/FEMA guidelines from time to time for a visit.
Minimum Amount of LoadUSD 200 Pounds 120 Euros 150 CAD 200 AUD 200 JPY 15800 SAR 750 SGD 250
Re-loadableYes
Daily Transaction LimitATM: Max US$ 3000 or equivalent POS: Max US$ 5000 or equivalent ECOM: MaxUS$ 5000 or equivalent
Balance EnquiryState bank ATMs or online at https://prepaid.onlinesbi.com
Issuance FeeRs.100+GST
Online IssuanceNo

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SBI Imprest Card

DescriptionSBI Imprest Card
DefinitionIt’s just another variant of the EZ Pay card cobranded with the railway to meet the imprest need. Imprest system means to maintain the petty cash likewise small amount of money given for office supplies or catered lunch.
Currency of Issue INR
Validity of the Card 10 Years
Eligibility Criteria Railway Employees
Maximum Amount of Load Rs 1lac (Restricted Rs.50k per month by paying cash)
Minimum Amount of Load Min Rs.100 per load but balance should not exceed Rs.1ac
Re-loadable Yes
Daily Transaction Limit Min Cash withdrawal at SBI ATM: Rs.100/-
Max Cash Withdrawal at SBI ATM: Rs.40000/-
A POS or E-Commerce site: Upto the balance available in the card
Balance Enquiry Free at SBI ATMs or online at https://prepaid.onlinesbi.com and a charge of Rs 9/- at other bank ATMs.
Issuance Fee Rs.150+GST
Online Issuance No

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How to Apply Online?

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It’s a partial online application method as submission of KYC documents and application form has to be done at the authorized branches of the State Bank of India except for Gift Card which is possible online for SBI customers via Internet Banking.

Here is the list of the KYC document needed at SBI for issuance of the SBI Prepaid cards:

Application form for respective Card
Identity Proof: PAN, Voter ID, Driving License, Aadhar Card, Passport, Negra Card
Address Proof: Passport, Driving License, Aadhar Card, Ration Card
Additional Document for Foreign Travel Card: Passport, VISA, Form A2, Form 60, Application cum declaration undertaking

How to Apply Gift Card Online?

Time needed: 1 minute.

Steps to the online application for SBI Prepaid Gift Card via Internet Banking

  1. Visit the SBI Internet Login Page

    Click on this URL and punch your Internet Banking Credentials: https://retail.onlinesbi.com/

  2. Select e-services Tab

    On the top blue band, you will see the e-services button, on selecting that dropdown will open, choose e-card from there.

  3. Choose Gift Cards

    Upon selecting the e-cards section, you will see different opens like a gift cards, prepaid cards, credit cards, etc. Please choose the Gift Card.

  4. Create Gift Card

    After clicking on Gift card, you will see three tabs like create, top-up, or view history. As we have to create a new gift card choose Create Tab

  5. Enter all the details as shown in the above form and submit the application

    Punch your DOB, address, and beneficiary name, choose the type of card, add beneficiary address and click on submit button.

  6. OTP Verification

    Enter the OTP received on your registered number for verification and you are done with the issuance of a card. The issuance fee will be debited from a chosen bank account and on receipt of this card by the beneficiary you can top up this card to avoid any misuse.

  7. Gift Card Activation

    On receipt of this card at the beneficiary end, you can use Top Up Tab for recharging this card, enter the card number, amount, remarks if any, select the account and click on submit button followed with OTP Verification.

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