INSUBCONTINENT EXCLUSIVE:
SBI's Green Remit Card offers a limit of Rs
25,000 per transactionSBI or State Bank of India, the country's largest bank, offers a magnetic stripe-based card which enables its
customers to remit money to a designated beneficiary's account on the lender's network
holding an account with SBI, according to the lender
application form along with one ID proof document
cash only, according to SBI's portal
25,000 per transaction subject to a monthly cap of Rs
1,00,000.Service charges: Customers need to pay Rs 20 for SBI's card
However, transaction charges applicable to CDM a Green Channel Counter or Cash Deposit Machine are similar to regular non-home cash deposit
transactions at a branch, according to the SBI website.Here are the steps to send money via SBI's Green Remit Card:1
A remitter (sender) has to visit any GCC branch or CDM to deposit cash to the predetermined SBI account.2
When the card is swiped, account particulars are shown on the screen for confirmation.3
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