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South Indian Bank has launched prepaid card and gift card on RuPay platform. The cards were jointly launched by A.P. Hota, MD & CEO, National Payments Corporation of India (NPCI) and V. G. Mathew, MD & CEO of South Indian Bank in a ceremony held at the NPCI Headquarters, Mumbai.
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.
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