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List of banks permitted to issue pre-paid cards in India as on November 02, 2017
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 Au Small Finance Bank Limited
7 Axis Bank Limited
8 Bank of Baroda
9 Bank of India
10 Bank of Maharashtra
11 Barclays Bank PLC
12 Canara Bank
13 Central Bank of India
14 Citi Bank N.A.
15 City Union Bank Limited
16 Corporation Bank
17 DBS Bank Limited
18 Dena Bank
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 Bank Limited
27 Indian Bank
28 Indian Overseas Bank
29 IndusInd Bank Limited
30 Jio Payments Bank Limited
31 Karnataka Bank Limited
32 Karur Vysya Bank Limited
33 Kerala Gramin Bank
34 Kotak Mahindra Bank Limited
35 Lakshmi Vilas Bank Limited
36 Oriental Bank of Commerce
37 Paytm Payments Bank Limited
38 Pragathi Krishna Gramin Bank
39 Punjab National Bank
40 Punjab & Sind Bank
41 South Indian Bank Limited
42 Standard Chartered Bank
43 State Bank of India@
44 Syndicate Bank
45 Tamilnad Mercantile Bank Limited
46 The Catholic Syrian Bank Limited
47 The Dhanlaxmi Bank Limited
48 The Federal Bank Limited
49 The New India Co-operative Bank Limited
50 The Ratnakar Bank Limited
51 The Saraswat Co-operative Bank Limited
52 UCO Bank
53 Union Bank of India
54 United Bank of India
55 Vijaya Bank
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.

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