State Bank of Hyderabad launches pre-paid cards

http://www.thehindubusinessline.com/industry-and-economy/banking/state-bank-of-hyderabad-launches-prepaid-cards/article4091166.ece

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.