Pre paid Gift Cards

Download Tax Saving Mutual Fund Application Forms

Invest In Tax Saving Mutual Funds Online

Buy Gold Mutual Funds

Leave a missed Call on

94 8300 8300

 

 

Most of us have faced situations in life when we are stumped as to what to gift our loved ones. A pre-paid gift card which essentially works like a gift voucher is an excellent option if you face a tough time in choosing gifts. 

A pre-paid card has a magnetic strip and looks no different from a debit card and credit card. However, the amount spent is not linked to your bank account. You also cannot accumulate debt on the card. Pre-paid gift cards are available in banks, which work in association with Visa, Mastercard or American Express. You can purchase the card from a bank by simply paying the card value. Some banks also charge joining fees. Other than banks, some online portals also sell pre-paid gift cards.

When you make the payment, the card is loaded with this amount, which you can then gift to anyone. The recipient can use the card across merchant outlets which accept that particular type of card (Visa, Mastercard or American Express). When the gift card is used, the transaction amount is reduced from the card balance. Like a credit card, the user signs on the charge slip after the purchase and signatures are matched by the merchant. The card can be used till the entire amount is exhausted.

Banks charge a nominal fee of Rs.50 - Rs.100, exclusive of service tax as joining fee when you purchase the pre-paid gift card. Some banks charge similar amounts towards other services like replacing a lost card, cancellation, requiring physical statements, regeneration of the PIN etc. Pre-paid gift cards are issued in denominations of Rs. 500, Rs. 1000, Rs. 2000 and Rs. 5000. Some banks also issue in multiples of Re.1. Most Indian banks issue non re-loadable pre-paid gift cards in Indian rupees. Pre-paid gift cards have a validity period. Banks generally issue it with a validity of 1 year. The balance on the card can be found out by contacting the respective bank. In some cases, you also have the option to check the balance and transaction history using a secure PIN.

If the purchaser of a pre-paid gift card is already a customer of the bank, the purchaser can simply pay for the card to purchase it. However, in case the purchaser is not a customer of the bank, a full KYC is generally needed, which includes providing an ID proof and a residence proof along with the completed gift card application form.

The biggest advantage of a pre-paid gift card is that it gives the receiver the freedom to decide how he wishes to spend the card amount - either on shopping, dining or other entertainment. It is also safer, more durable and easier to carry compared to cash or any other type of gift voucher, as each card carries a unique number which can be used to trace the card. Pre-paid gift cards have become quite popular in recent times in India due to the ease of use and various other benefits.

For further information contact Prajna Capitalon 94 8300 8300 by leaving a missed call

Leave a missed Call on 94 8300 8300

Leave your comment with mail ID and we will answer them

OR

You can write back to us at

PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

---------------------------------------------

Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Franklin India Bluechip
4. ICICI Prudential Top 100 Fund

B. Large and Midcap Funds Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
4. Birla Sun Life Front Line Equity Fund
5. Franklin India Prima

C. Mid and SmallCap Funds Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
5. Birla Sun Life Dividend Yield Plus
6. SBI Emerging Businesses Fund
7. HDFC Mid-Cap Opportunities Fund
8. ICICI Prudential Discovery Fund

D. Small and MicroCap FundsInvest Online

1. DSP BlackRock MicroCap Fund

2.Franklin India Smaller Companies

E. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
3. ICICI Prudential Banking and Financial Services Fund

F. Tax Saver Mutual Funds Invest Online

1. ICICI Prudential Tax Plan

2. HDFC Taxsaver

3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund

G. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund
4. Birla Sun Life Gold

H. International funds Invest Online

1. Birla Sun Life International Equity Plan A

2. DSP BlackRock US Flexible Equity

3. FT India Feeder Franklin US Opportunities

4. ICICI Prudential US Bluechip Equity

5. Motilal Oswal MOSt Shares NASDAQ-100 ETF