Student Prepaid Card FAQs
Student Prepaid Card
What is the age limit for card issuance?
Student 10+ years of age is eligible.
What is the card limit?
Card can hold a maximum amount of Rs.1,00,000 at any point of time, The annual transaction limit on the card is Rs.10,00,000
What is the validity of card?
Validity is 5 years for card
What will happen if the card gets closed after 5 years?
Customer can request for replacement card by calling our ICICI Customer care (details mentioned below)
If the card is issued to cardholder under a tie-up arrangement with any school/institute, will the card get closed after the student course is complete?
No, card will remain valid for 5 years.
Does student/parent need to be associated with ICICI Bank for availing student card?
No. Any existing/Non-existing ICICI Bank customer can apply for the student card.
Is Savings account required for student card?
No, card is issued directly on student’s name after fulfilling the KYC requirements.
Does the student need to maintain any minimum balance on the student card?
No minimum balance is required to be maintained on the student card. No additional charges/ penalty will be deducted on maintaining zero balance.
What documents are required for KYC?
Only Aadhar number and finger print biometric of person applying for card is required.
What is the mode of KYC?
Biometric (finger print) KYC of the student.
When will the card be activated after completing KYC successfully?
Card will be activated within 24 hours after successful completion of KYC on working day. On bank holidays activation will be done on the next working day.
How to load money on the card?
Card can be loaded UPI, NEFT, IMPS, Online internet banking etc. similar to fund transfer to bank account.
Who can do the card loading?
Card loading can be done by the card holder/ parent or any person who has access to the card no. and IFSC code.
What type of transactions can be done through the card?
Card can be used for ATM cash withdrawal, swipe/Tap & pay at POS, Online transactions (E-com)
Is UPI available for student card?
No.
What is the joining fee of the card?
Card issuance fee is Rs 299 + GST
What is the annual fee on the card?
Card will charged Rs 199 + GST after completion of 1 year. This fee will be deducted automatically from the card.
Whom to reach out in case of any concerns?
Customer can reach out to ICICI customer care on 022-50405238 / 1800 1080
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