State Bank of Hyderabad has announced the launch of the rupee pre-paid cards.

Managing Director M. Bhagavantha Rao said the new facility will be available at all SBH branches for the customers as well as non-customers of the bank subject to compliance of the ‘know your customer’ guidelines.

The pre-paid stored value product is supported by a magnetic strip based technology. It is usable at the bank’s ATMs, has specified expiry date, a release said.

To get the card, no prior banking relationships required, except meeting guidelines. Enquiry of balance, viewing card statement through State Bank ATMs and online is possible.

(This article was published on November 12, 2012)
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