List of Banks permitted for issuance and operation of Prepaid Payment Instruments in India - RBI - Reserve Bank of India
List of Banks permitted for issuance and operation of Prepaid Payment Instruments in India
| List of Banks permitted for issuance and operation of Prepaid Payment Instruments in India as on February 15, 2024 | |
|---|---|
| S No. | Name of the Banks |
|
|
Airtel Payments Bank Limited |
|
|
American Express Banking Corporation |
|
|
A. P. Mahesh Co-operative Urban Bank Limited |
|
|
Au Small Finance Bank Limited |
|
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Axis Bank Limited |
|
|
Bandhan Bank Limited |
|
|
Bank of Barodaµ |
|
|
Bank of India |
|
|
Bank of Maharashtra |
|
|
Barclays Bank PLC |
|
|
Canara BankΩ |
|
|
Central Bank of India |
|
|
Citi Bank N.A. |
|
|
City Union Bank Limited |
|
|
DBS Bank India Limited |
|
|
DCB Bank Limited |
|
|
Equitas Small Finance Bank Limited |
|
|
ESAF Small Finance Bank Limited |
|
|
Fincare Small Finance Bank Limited |
|
|
Fino Payments Bank Limited |
|
|
First Rand Bank |
|
|
HDFC Bank Limited |
|
|
ICICI Bank Limited |
|
|
IDBI Bank Limited |
|
|
IDFC FIRST Bank Limited |
|
|
Indian Bankℼ |
|
|
Indian Overseas Bank |
|
|
IndusInd Bank Limited |
|
|
Jana Small Finance Bank Limited |
|
|
Jio Payments Bank Limited |
|
|
Karnataka Bank Limited |
|
|
Karur Vysya Bank Limited |
|
|
Kerala Gramin Bank |
|
|
Kotak Mahindra Bank Limited |
|
|
Lakshmi Vilas Bank Limited |
|
|
NSDL Payments Bank Limited |
|
|
Paytm Payments Bank Limited |
|
|
Pragathi Krishna Gramin Bank |
|
|
Punjab National Bankα |
|
|
Punjab & Sind Bank |
|
|
SBM BANK (INDIA) LTD. |
|
|
South Indian Bank Limited |
|
|
Standard Chartered Bank |
|
|
State Bank of India@ |
|
|
Tamilnad Mercantile Bank Limited |
|
|
The Ahmedabad Mercantile Co-operative Bank Limited |
|
|
The Catholic Syrian Bank Limited |
|
|
The Dhanlaxmi Bank Limited |
|
|
The Federal Bank Limited |
|
|
The Gujarat State Co-operative Bank Limited |
|
|
The New India Co-operative Bank Limited |
|
|
The Rajasthan State Co-operative Bank Ltd. |
|
|
TJSB Sahakari Bank Limited |
|
|
RBL Bank Limited |
|
|
The Saraswat Co-operative Bank Limited |
|
|
UCO Bank |
|
|
Union Bank of Indiaβ |
|
|
Utkarsh Small Finance Bank Limited (Only for FASTag issuance facility) |
|
|
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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