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List of banks permitted to issue pre-paid cards in India as on October 21, 2020
S No. Name of the Banks
1 Airtel Payments Bank Limited
2 American Express Banking Corporation
3 A. P. Mahesh Co-operative Urban Bank Limited
4 Au Small Finance Bank Limited
5 Axis Bank Limited
6 Bandhan Bank Limited
7 Bank of Barodaµ
8 Bank of India
9 Bank of Maharashtra
10 Barclays Bank PLC
11 Canara Bank
12 Central Bank of India
13 Citi Bank N.A.
14 City Union Bank Limited
15 DBS Bank India Limited
16 DCB Bank Limited
17 Equitas Small Finance Bank Limited
18 ESAF Small Finance Bank Limited
19 Fino Payments Bank Limited
20 First Rand Bank
21 HDFC Bank Limited
22 ICICI Bank Limited
23 IDBI Bank Limited
24 IDFC FIRST Bank Limited
25 Indian Bank
26 Indian Overseas Bank
27 IndusInd Bank Limited
28 Jana Small Finance Bank Limited
29 Jio Payments Bank Limited
30 Karnataka Bank Limited
31 Karur Vysya Bank Limited
32 Kerala Gramin Bank
33 Kotak Mahindra Bank Limited
34 Lakshmi Vilas Bank Limited
35 NSDL Payments Bank Limited
36 Paytm Payments Bank Limited
37 Pragathi Krishna Gramin Bank
38 Punjab National Bankα
39 Punjab & Sind Bank
40 SBM BANK (INDIA) LTD.
41 South Indian Bank Limited
42 Standard Chartered Bank
43 State Bank of India@
44 Tamilnad Mercantile Bank Limited
45 The Ahmedabad Mercantile Co-operative Bank Limited
46 The Catholic Syrian Bank Limited
47 The Dhanlaxmi Bank Limited
48 The Federal Bank Limited
49 The Gujarat State Co-operative Bank Limited
50 The New India Co-operative Bank Limited
51 TJSB Sahakari Bank Limited
52 RBL Bank Limited
53 The Saraswat Co-operative Bank Limited
54 UCO Bank
55 Union Bank of Indiaβ
56 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.
α As per the Government of India Gazette Notification dated March 4, 2020, Oriental Bank of Commerce and United Bank of India amalgamated with Punjab National Bank with effect from April 01, 2020.
β As per the Government of India Gazette Notification dated March 4, 2020, Andhra Bank and Corporation Bank amalgamated with Union Bank of India with effect from April 01, 2020.
Ω As per the Government of India Gazette Notification dated March 4, 2020, Syndicate Bank amalgamated with Canara Bank with effect from April 01, 2020.
ℼ As per the Government of India Gazette Notification dated March 4, 2020, Allahabad Bank amalgamated into Indian Bank with effect from April 01, 2020.

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