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List of banks permitted to issue pre-paid cards in India as on February 06, 2020
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 ESAF Small Finance Bank Limited
22 Fino Payments Bank Limited
23 First Rand Bank
24 HDFC Bank Limited
25 ICICI Bank Limited
26 IDBI Bank Limited
27 IDFC FIRST Bank Limited
28 Indian Bank
29 Indian Overseas Bank
30 IndusInd Bank Limited
31 Jana Small Finance Bank Limited
32 Jio Payments Bank Limited
33 Karnataka Bank Limited
34 Karur Vysya Bank Limited
35 Kerala Gramin Bank
36 Kotak Mahindra Bank Limited
37 Lakshmi Vilas Bank Limited
38 NSDL Payments Bank Limited
39 Oriental Bank of Commerce
40 Paytm Payments Bank Limited
41 Pragathi Krishna Gramin Bank
42 Punjab National Bank
43 Punjab & Sind Bank
44 SBM BANK (INDIA) LTD.
45 South Indian Bank Limited
46 Standard Chartered Bank
47 State Bank of India@
48 Syndicate Bank
49 Tamilnad Mercantile Bank Limited
50 The Ahmedabad Mercantile Co-operative Bank Limited
51 The Catholic Syrian Bank Limited
52 The Dhanlaxmi Bank Limited
53 The Federal Bank Limited
54 The Gujarat State Co-operative Bank Limited
55 The New India Co-operative Bank Limited
56 TJSB Sahakari Bank Limited
57 RBL Bank Limited
58 The Saraswat Co-operative Bank Limited
59 UCO Bank
60 Union Bank of India
61 United Bank of India
62 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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