Presenting Gifts to your loved ones during festive season or on special occasions is an integral and unique culture in India. Traditionally, gifts have been given in the form of cash or kind. With the advancement of Banking, Gift Cheques were introduced, allowing the beneficiary to use the money as they desired. These cheques, however, are accepted at the issuing bank branches only. The State Bank Gift Card, issued in association with VISA International, is the product which gives the comfort of convenience and wide acceptability and also unlimited options for the beneficiary to choose.
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