State Bank eZ-Pay Card – Best Prepaid Card For Making Periodical Payments
The State Bank eZ-Pay Card, a Prepaid plastic Card issued in Indian Rupees in association with VISA International, is an ideal product for making periodical payments. Payment of salaries to employees, who are required to work at different locations, is generally a difficult proposition for employers. Cards can be loaded from a single point and the funds are available to the employees immediately. It is suitable for
Disbursement of wages to blue collar workers,
Bonus to employees/ reimbursement of expenses to staff,
Periodical payment of incentives to agents/ commission to distributors.
One need not be SBI account holder for purchasing State Bank eZ-Pay Card. Any person, in individual capacity also, can obtain eZ-Pay Card. The SBI eZ-Pay Card is usable at all State Bank ATMs through PIN, at Merchant Establishments through by signature and over Internet for e-Commerce transactions by using secure Verified by Visa. The cardholder need not visit any Branch to withdraw his money. Balance enquiry can be made free of charge either through State Bank ATMs or through Internet.
Features of State Bank eZ-Pay Card:
Currency of Issue
|Indian Rupee only|
|All State Bank of India Branches|
|State Bank eZ-Pay Card is reloadable|
Minimum Amount of Issue
|Rs. 500 and thereafter in multiples of Re. 1/-, however the balance in the Card should not exceed Rs. 50,000/- at any point of time.|
Maximum Amount of Issue
|State Bank eZ-Pay Card is usable at all State Bank ATMs through PIN, at VISA enabled Merchant Establishments at Point of Sale and over Internet for e-Commerce transactions by using secure Verified by Visa.|
|Cardholder can view the balance in the State Bank eZ-Pay Card and also obtain a transaction receipt indicating the balance from any State Bank Group ATM in India free of cost and also online at https://prepaid.onlinesbi.com|
Validity of Card
|The validity of the card is for 10 year from the date of issue.|
Daily Transaction Limit
|The Card can also be personalized, upon request by the Corporates for Bulk Issue.|
Can be issued to individuals after taking full KYC documents. These individual Cards can be loaded/ reloaded by debit to third party accounts of Corporates/customers.
Corporate Cards (cards both personalised & non-personalised, which can be issued in bulk to corporate clients for onward issuance to their employees at their end) can be issued to employees/beneficiaries of listed company only. Corporates have to submit KYC documents of beneficiaries before loading/activating the Cards for use.
We will shortly provide an FAQ and use case where this State Bank eZ-Pay Card sense.