SBI Green Remit Card: A Simple and Convenient Way to Send Money
If you are looking for a simple and convenient way to send money to your loved ones who have an SBI account, you might want to consider the SBI Green Remit Card. This card is a magstripe based card without any PIN that allows you to deposit cash to the designated beneficiary's SBI account through Green Channel Counter (GCC) or Cash Deposit Machine (CDM). In this article, we will explain what is SBI Green Remit Card, how to apply for it using form PDF 132, and what are the benefits and limitations of using it.
What is SBI Green Remit Card?
SBI Green Remit Card is a product introduced by SBI as part of its thrust towards paperless banking. The card is targeted to facilitate non-home cash deposit transactions to be routed through GCC or CDM. GCC is a counter manned by a teller where a transaction processing device (TPD) similar to a point of sale machine is attached to the terminal and customers can make cash deposits, withdrawals, and transfers. CDM is a machine where customers can deposit cash directly without any human intervention. The card can be used by even non-account holders who want to remit money at regular intervals to a beneficiary SBI account. The card is accepted at all GCC branches and CDMs. The card can be used only for depositing cash in Indian rupees to the predetermined SBI account. The transaction limit is Rs. 25,000 per transaction subject to a monthly cap of Rs. 1 lakh. The remitter and the beneficiary are notified through SMS on successful completion of the transaction.
Sbi Green Remit Card Application Form Pdf 132