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.