So you have to go in a party and need to buy a gift. Choosing the ideal Gift has always been tough.
- What could be the ideal Gift for him/ her?
- Will he/ she like the gift?
- Does this suit him/ her?
- Where do I buy him/ her a gift?
With so many questions to think of, gifting doesn't remain fun anymore . These days it is very difficult to think what to give someone as a gift. We all have our own choices and we end up getting gifts which we don't like. This eventually leads us to go ahead and get it exchanged for something we like for ourselves.
For the person who is gifting, this is again a challenge to find the most appropriate gift within their range. In this time of crisis, we have a very good option available - Visa Prepaid Gift Cards. This card is issued with a fixed balance, pre-loaded. Now, the recipient can shop for whtever they want and whenever they want.
Almost all leading banks are letting you buy the gift cards. They look like a normal credit/debit card and is used like any other ATM/ Debit card. The only drawback it has is that you cannot withdraw money or exchange the card for the equivalent cash.
All gift cards are accompanied with a pin (used as a password) and requires one time registration. These cards are usually valid for 1-3 years. All these cards have a small fee associated with them. You can use these gift cards anywhere you want - online or offline, for shopping or for food.
The minimum balance starts from Rs 500/- and then it can be increased in the multiples of Re. 1/- in almost all the gift cards.
|Bank||Activation fee||Minimum Balance||Validity|
|Axis Bank||Rs. 100 plus taxes||Rs. 500||1 year|
|ICICI Bank||Rs. 100 plus taxes||Rs. 500||1 year|
|HDFC Bank||Rs. 100 plus taxes||Rs. 500||1 year|
|SBI Bank||Free till 31-03-2016||Rs. 500||3 years|
|Kotak Mahindra||Rs. 100 plus taxes||Rs. 500||3 years|
|Bank of India||Rs. 50/-||Rs. 500||3 years|
|Indian Overseas Bank||Rs. 50/-||Rs. 100||1 year|
|Yes Bank||Rs. 100 plus taxes||Rs. 500||1 year|
|IDBI Bank||Rs. 100 or 1% of amount||Rs. 500||1 year|
In case, you lose your card, there is a charge to get a replacement, so beware before losing. Pleae read all terms and conditions before buying a gift card.