Salient Features of Green Remit Card – State Bank of India

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. 5,000/- per transaction subject to a monthly cap of Rs. 25,000/- per remitter.
5
Service Charges
Issue of Card
Rs.20/- (w.e.f. 15 thJuly 2013)
Transaction Charges in GCC
As applicable to regular non-home cash deposit transactions
Transaction Charges in CDM
Free
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.

Powered by WPeMatico

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>