South Indian Bank launches RuPay based PrePaid and Gift Cards

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          Last Week at a ceremony heled at NPCI Headquarters, Mumbai, South Indian Bank unveiled PrePaid and Gift Cards. The ceremony was graced amongst others, by A.P. Hota, MD & CEO, National Payments Corporation of India (NPCI) and V. G. Mathew, MD & CEO of South Indian Bank.

          The SIB Prepaid card is a re-loadable payment instrument like debit or credit card on RuPay platform.

 It comes with a maximum validity of three years along with top-up facility in multiples of ₹100.

The card can be seamlessly used at ATMs, Points of Sales (PoS) terminals at merchant outlets and e-commerce websites across the country.

SIB gift card is a prepaid, non-re-loadable card on RuPay Platform.

There is no need to have an account with SIB to purchase this gift card.

The maximum validity period is one year.

The card can be used at PoS terminals at merchant outlets and e-commerce websites. This means the card can be used at all outlets where RuPay card is accepted.

Differences between SIB Prepaid Card and Gift Card :-
1)     Card Design
2)    Prepaid card is reloadable. Gift Card is not reloadable.

Headquartered in Thrissur - Kerala, South Indian Bank is a scheduled commercial bank having 838 Branches, 42 Extension Counters and 1298 ATMs ensuring its footprint in 30 States/ Union Territories of India (as on 22 July 2016).

One of South Indian Bank’s successful Products is SIB Academia. SIB Academia is a fee collection based Product targeted at educational institutions. More than 500 educational institutions avail this product.

The highlights of SIB Academia are:-

1.       Payment at SIB branches.
2.       Payment at other bank branches.
3.       Payment via institution website.
4.       Payment using customized debit card.

Each of these modes or combined modes will make fee payment a hassle free experience for students and parents.

Thrissur is a famous tourist attraction with unique cuisine.


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