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List of banks permitted to issue pre-paid cards in India as on September 12, 2019
S No. Name of the Banks
1 Aditya Birla Idea Payments Bank Limited
2 Airtel Payments Bank Limited
3 Allahabad Bank
4 American Express Banking Corporation
5 Andhra Bank
6 A. P. Mahesh Co-operative Urban Bank Limited
7 Au Small Finance Bank Limited
8 Axis Bank Limited
9 Bank of Barodaµ
10 Bank of India
11 Bank of Maharashtra
12 Barclays Bank PLC
13 Canara Bank
14 Central Bank of India
15 Citi Bank N.A.
16 City Union Bank Limited
17 Corporation Bank
18 DBS Bank India Limited
19 DCB Bank Limited
20 Equitas Small Finance Bank Limited
21 Fino Payments Bank Limited
22 First Rand Bank
23 HDFC Bank Limited
24 ICICI Bank Limited
25 IDBI Bank Limited
26 IDFC FIRST Bank Limited
27 Indian Bank
28 Indian Overseas Bank
29 IndusInd Bank Limited
30 Jana Small Finance Bank Limited
31 Jio Payments Bank Limited
32 Karnataka Bank Limited
33 Karur Vysya Bank Limited
34 Kerala Gramin Bank
35 Kotak Mahindra Bank Limited
36 Lakshmi Vilas Bank Limited
37 NSDL Payments Bank Limited
38 Oriental Bank of Commerce
39 Paytm Payments Bank Limited
40 Pragathi Krishna Gramin Bank
41 Punjab National Bank
42 Punjab & Sind Bank
43 South Indian Bank Limited
44 Standard Chartered Bank
45 State Bank of India@
46 Syndicate Bank
47 Tamilnad Mercantile Bank Limited
48 The Ahmedabad Mercantile Co-operative Bank Limited
49 The Catholic Syrian Bank Limited
50 The Dhanlaxmi Bank Limited
51 The Federal Bank Limited
52 The Gujarat State Co-operative Bank Limited
53 The New India Co-operative Bank Limited
54 TJSB Sahakari Bank Limited
55 RBL Bank Limited
56 The Saraswat Co-operative Bank Limited
57 UCO Bank
58 Union Bank of India
59 United Bank of India
60 Yes Bank Limited
@ As per the Government of India order dated February 22, 2017 regarding acquisition of State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore by State Bank of India, the erstwhile associate banks of SBI have merged with SBI with effect from April 1, 2017.
µ As per the Government of India Gazette Notification dated January 02, 2019, Vijaya Bank and Dena Bank amalgamated with the Bank of Baroda with effect from April 01, 2019.

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