The State Bank Achiever Card, a prepaid card issued in Indian Rupees in association with VISA international, is an ideal product for making periodical payments of non cash nature like incentives etc. Cards can be loaded from a single point/ account and funds are available to number of beneficiaries immediately.
Cards can be loaded multiple times within the overall limit of Rs.50000/- at any point of time. Cards can be used at Merchant Locations (PoS) or for online transactions. Cash Withdrawal is however not allowed.
Rs.10+ S.T. (Nil if reloaded through CINB)
No charges by SBI. However, some MEs may impose a surcharge viz Petrol Pumps,railways etc., which would be recovered.
The entire balance will be forfeited and Gift Card will be closed
Annual maintenance fee of Rs 100/- per year will be charged and balnce will be refunded to the purchaser on application