Trivandrum: State Bank of Travancore has launched the ‘SBT NRI Family Card’. The exclusive card targeted at non-residents was launched by Jeevandas Narayan, Managing Director of SBT at a function held at the Bank’s NRI Premium Banking Branch in Thiruvananthapuram.
The prepaid card issued to resident Indians (family member/ dependent/ any acquaintance of NRIs) can be used for cash withdrawals through ATM, online payments and POS payments at merchant establishments.
Resident Indians (family member/ dependent/ any acquaintance of NRIs) can use the card now to receive money from NRIs, even if he is not an account holder of the bank. Only the identity and address proof will be required.
According to a press note from the Bank, card holder in India can now easily receive the remittance from NRI by way of periodic recharging through the NRI’s Internet banking account. It is a cash-free, hassle-free and worry-free way of sending money.
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