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STATE BANK XPRESS MONEY CARD

State Bank Xpress Money Card, a Co-branded Prepaid Card that can be loaded up to Rs.50,000/-, for loading Inward Remittances received under Money Transfer Service Scheme (MTSS) of Reserve Bank of India through UAE Exchange and Financial Services Ltd.

The new product will go a long way in providing Banking facilities to a large number of beneficiaries receiving inward remittance from abroad, who do not have access to basic banking facilities.

State Bank Xpress Money Card can be used for cash withdrawal at ATMs, for purchase transactions at merchant establishments and for e-Commerce transactions i.e., for online payment.

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State Bank Xpress Money Card is an ideal product for loading inward remittance received under Money Transfer Service Scheme (MTSS) of Reserve Bank of India through UAE Exchange and Financial Services Ltd.
It is a prepaid Card which allows Cardholders to access their remittances at ATMs through PIN, at PoS by PIN/signature and e-commerce transactions.

Currency of Issue

Indian Rupee only

Eligibility Criteria

Beneficiary need not be an account holder of State Bank of India, but full KYC documents to be submitted for availing the Card.

Validity of the Card

10 Years

Minimum Amount of Issue/Load

Rs. 100/- and thereafter in multiples of Re. 1

Maximum Amount of Load

No Maximum stipulation but at any point of time card balance should not exceed Rs.50, 000/-.

Re-load

Can be re-loaded 30 times in a calendar year.

Balance enquiry

Free at State Bank Group ATMs or online at https://prepaid.onlinesbi.com

Daily Usage

i) Minimum Cash withdrawal from State Bank ATMs - Rs.100 per transaction & Maximum –Rs.40,000 per day
ii) Point of Sales Transactions- Rs. 50,000 per day.

Availability

Presently State Bank Xpress Money Cards will be issued free of cost through all the branches of UAE Exchange and Financial Services Ltd situated in Kerala, Tamilnadu, Punjab, Delhi, Uttar Pradesh and will be rolled across the Country shortly.
State Bank Xpress Money Card is a prepaid Card which allows Cardholders to access their remittances at ATMs through PIN, at PoS by PIN and e-commerce transactions.
'State Bank Xpress Money cards' are enabled for Cash withdrawal,Balance enquiry at other Bank ATMs(will be charged as prescribed from time to time) currently Rs.20/-Per withdrawal and Rs.9/- for balance enquiry.
Non-personalised Cards will be issued.

The beneficiary needs to provide the following documents for availing a State Bank Xpress Money Card:

Properly filled-up State Bank Xpress Money Card Application.
Proof of Identity such as passport, voter ID card, PAN Card etc.
Proof of Residence such as Pass port, Driving license etc.