Monday, November 17, 2014


State Bank Smart Payout Card is a prepaid Card which is issue within INDIA and in  Indian Rupees powered by 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.It  can be used for cash withdrawal at ATMs, for purchase transactions at merchant establishments and for e-Commerce transactions i.e., for online payment.This card request can be done at your SBI branch
State Bank Smart Payout cards' are enabled for Cash withdrawal,Balance enquiry at other Bank ATMs(will be charged as prescribed from time to time) currently Rs.20/-Per withdrawal and Rs.9/- for balance enquiry.

Feature of SMART Payout Card
Usage of this card
i. For Corporates: Employees/Workers/Contract labourers of Corporate/MCG/SME customers etc.
ii. For Individuals: To all KYC compliant primary account holders for ultimate use by beneficiaries (dependents).

This can be helpful for customer who do not use DEBIT card frequently and he/she do not wants to pay annual FEE for DEBIT card.

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

10 Years

Maximum Load
Rs.10,000/- (with a monthly ceiling of Rs.25,000/-)
Re-loadable with a load/reload limit of Rs. 10,000/- with monthly ceiling of Rs.25,000/-. (limit of Rs.10000/- per transaction and Rs.25000/- per month)

Daily Transaction Limit
Rs.10000/-cash withdrawal/PoS/e-Commerce usage.

Number of Cards
i) For Individuals: Maximum 3 Cards per account for fully KYC complied account.(excluding current account)
ii) For Corporates: No limit (subject to one card per employee


Issuance Fee ( One Time)
Rs. 102/-
Reloading Charge
Rs.10/- (Nil if loaded/ reloaded through CINB -Internet Banking)

Replacement Card/ Duplicate Pin
Rs. 102/-

Cash Withdrawal from any State Bank Group ATMs in india
No charges.

Physical Statement of A/c
Rs. 102/-

Transactions at other Bank ATM's
Charges Rs. 20.00 per withdrawal.
Charges Rs. 9.00 for balance enquiry.

Apart from this card there are other different segment of card for other usage like

STATE BANK FOREIGN TRAVEL CARD - suitable for people who do frequent Travling abraod
STATE BANK GIFT CARD-  It is usable at all VISA enabled Merchant Establishments and POS or e-Commerce transactions. It is a better substitute for Gift Vouchers sold by many retail houses as its use is not restricted to any particular Merchant Establishment/ Point of Sale

1 comment :

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