SBI Gift Card Overview
SBI Gift Card is one the most popular prepaid cards in the market right now. They make ideal gifts for both individuals and companies. Individual customers can give the SBI gift card as a gift to their family and friends on festivals, family functions or other special occasions. Companies can use gift cards to employees as bonus, rewards or gifts for their hard work and performance.
You can get the magnetic strip-based plastic gift card or an electronic gift card based on your preferences. Both of the gift cards can be loaded only once with an amount ranging from Rs. 500 to Rs. 50,000. Powered by VISA, the card can be used for shopping at merchant outlets as well as online retailers. Every time you make a purchase using the gift card, the purchase amount is deducted from the gift card balance.
Buy an SBI Gift Card
If you want to buy a SBI gift card, you must have a savings or current account with the SBI Bank. Then, you can easily get a SBI gift card by following any one of the options mentioned here:
- SBI Bank Branch: You can visit the nearest SBI bank branch in your city and buy an SBI gift card. The only pre-requisite is that you need to have a KYC compliant account in SBI to get the gift card.
- SBI Internet Banking: If you have net banking service activated on your SBI account, then you can order the SBI gift card online. You just need to log on to your SBI account from www.onlinesbi.com to get the gift card.
After you buy the card, you need to recharge it with money for use. The current limit is defined as an amount ranging anywhere from Rs. 500 to Rs. 50,000 (in multiple of 100). Since this is a non-reloadable card, make sure to load it with the right amount. You can get multiple gift cards from SBI to gift to different people instead of spending your time in hunting for appropriate gifts. SBI gift card is one of the best gifting solutions for everyone.
Charges of SBI Gift Card
When you buy an SBI Gift Card, you have to pay a one-time issuance fee of Rs. 105 + service tax. If your gift card has a balance after it expires, you can apply for a refund. The bank will charge Rs. 100 per year as the annual maintenance fees, if the balance is above Rs. 500. If the card balance is less than Rs. 500 when it expires, the entire balance is forfeited and the gift card will be closed.