Last Updated on 05/07/2017

IOB Gift card is a magnetic stripe pre-loaded card accredited by VISA. It is a way of gifting to your near or dear ones who in-turn can use the same at merchant outlets/internet to purchase items of their choice. Thus, it allows freedom and choice of purchase to the person receiving gift. It can be used for any occasion including New Year, Rakhi, Christmas, Birthday and Marriage etc. Besides, the purchaser can also use the card for his own needs other than the above.


1. Available at all branches of IOB.

2. Issued for any value between Rs.100 and Rs.50000 in multiples of Re.1.

3. Nominal charges of Rs.50/- for each card.

4. Valid throughout India.

5. Gift Cards can be issued by debit to customers’ account and can also be issued against cash to non-customers/customers. Cash can be accepted for issue of Gift card only the maximum value of Rs.49,999/- per customer per day.  All necessary KYC formalities are to be completed as per extant guidelines.


6. Can purchase any number of Gift cards with a single application form/cheque.

7. Valid for one year from the date of issue (irrespective of the date printed on the card).

8. Acceptable all over the India in more than 10 lakh VISA enabled merchant outlets.

9. Can also be used in Internet for domestic online transactions.

10. For secured Online transactions, Card holder has to register for ‘verify by visa’ password  through Bank’s website (Options – Personal Banking > International Visa Cards > Secure Internet payment).

11. There is no limit on daily usage.
12. Balance enquiry can be done through ATMs using PIN number and from portal using card number & password.

13. It cannot be used to withdraw cash in ATM/Branch

14. In case card was Lost/Damaged/Expired, Replacement card will be issued with a nominal processing fee of Rs.25/- against the request of original purchaser.