BOI CASHIT Prepaid Cards

  • Reloadable payment instruments that facilitate cash withdrawals, purchase of goods and services against value stored in cards
  • Chip-based cards and can be used for Contact-less transactions at all Contact-less enabled merchants
  • Hassle-free alternative for providing bonus, reimbursements and incentives to employees
  • No account is required for beneficiary
  • CASH-IT Prepaid card can also be used as a “Family Card” for paying monthly expenses, reducing risk of carrying cash

  • Can be applied through any Bank of India branch across the nation
  • Loading/Reloading limit up to Rs.50,000 per month
  • The amount Outstanding shall not exceed Rs. 2,00,000/- at any point of time
  • Enabled for all transactions (POS, ECOM, Cash Withdrawal)
  • CASH-IT prepaid cards may be used at all Bank of India ATMs and other ATMs supporting VISA
  • Limits of POS and Ecommerce usage are up to available balance on card and ATM is upto Rs.15,000/- per day.

Charges

  • Issuance Fee : Rs.100/-
  • Reloading charges : Rs.50/- per card per load
  • ATM usage charges:
    -Cash Withdrawal: Rs.10/-
    -Balance Enquiry: Rs.5/-
  • Transactions at railway counters: Rs.10/-
  • Surcharge at petrol pumps: 1% to 2.5% of fuel transaction amount (minimum of Rs.10/-). Rates may vary depending on fuel station and acquiring bank.

All charges are exclusive of GST

Customer Care

Expiry and Cancellation of Prepaid cards

  • CASHIT Prepaid Cards with no transactional activity from one year from date of issuance shall be cancelled as per RBI directions. The balance amount may be credited back to ‘Source Account’ (Account used for loading Prepaid Card) on request by Card Purchaser.
  • In case of expiry of BOI CASHIT Prepaid Card with underlying balance above Rs.100, the card may be revalidated through issuance of new BOI CASHIT Prepaid Card. The balance amount may be credited back to ‘Source Account’ (Account used for loading Prepaid Card) on request by Card Purchaser.

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