ICICI Bank Student Card – Benefits, Fees & Eligibility

Introduction

The ICICI Bank Student Prepaid Card is a reloadable prepaid card issued by ICICI Bank, specifically designed for students aged 10 years and older. It offers a convenient and secure way to manage expenses for fees, travel, and shopping without the need for a traditional Savings Account or maintaining a minimum balance. The card supports contactless payments and has an annual spending limit of ₹10 lakh, making it widely accepted at ATMs, POS machines, and online platforms.

Prepaid Card Variant & KYC Tiers

• The ICICI Bank Student Prepaid Card is a reloadable prepaid card.
• It is available for students aged 10 years and above.
• The card requires a KYC process for activation, which can be completed digitally within 5 hours.
• Required documents for application include an Aadhaar Card, with a Pan Card being optional.
• The card does not require an associated Savings Account.
• NCMC transit compatibility is not mentioned.

Balance & Transaction Limits

• The card has an annual spending limit of ₹10 lakh.
• It is accepted at ATMs, POS machines, and online platforms.
• Specific maximum wallet balance, monthly loading limits, or daily POS/online transaction caps are not explicitly stated beyond the annual spending limit.
• ATM cash withdrawal eligibility is implied as the card is "accepted at ATMs," but specific withdrawal limits are not provided.

Fees and Charges

• Annual Fee: ₹199 + GST
• Card Issuance Fee: ₹299 + GST
• Card Replacement Fee: ₹200 + GST
• Manual Loading Charges: ₹8.5 + GST
• Annual Maintenance Fee: ₹25 + GST

Rewards, Offers & Partner Perks

• The card offers "Attractive Offers" which users can explore. Specific details of these offers are not provided in the content.

How to Apply & Load Money

How to Apply

• Students aged 10 years and above are eligible to apply.
• Required documents include an Aadhaar Card.
• A Pan Card is optional.
• No physical documents are required for application.
• To apply, contact your ICICI Bank Relationship Manager or visit any ICICI Bank branch.
• Card activation is digital and typically completed within 5 hours after successful KYC.

How to Load Money

Funds can be loaded onto the Prepaid Card 24x7 through various modes:

• Via ICICI Bank’s iMobile app / Net Banking (IMPS/NEFT):

  • Log in to the app/Net Banking.
  • Go to the Fund Transfers section.
  • Add a beneficiary:
    • Select ‘Other bank’ as the beneficiary bank.
    • Use "9595" followed by the 9-digit reference number (found below the Card Number in the kit) as the account number.
    • Re-enter the account number.
    • Enter IFSC code: ICIC0000104.
    • Enter the payee name.
  • Select the added payee from the beneficiaries list.
  • Enter the amount and remarks.
  • Choose transfer type: NEFT/IMPS.
  • Select the source account.
  • Proceed and enter the OTP for validation.
  • Funds will be loaded successfully. (Step 3 is not required for subsequent loads).

• Via Other Banks’ Apps or Websites (NEFT/IMPS):

  • Log into your respective bank’s mobile banking app or Net Banking portal.
  • Go to the Fund Transfers section.
  • Add a beneficiary:
    • Select ‘Other bank’ as the beneficiary bank.
    • Use the 16-digit Card number as the account number.
    • Re-enter the Card number as the account number.
    • Enter IFSC code: ICIC0000106.
    • Enter the payee name.
  • Select the added payee in the fund transfer section.
  • Enter the amount and remarks.
  • Choose transfer type: NEFT/IMPS.
  • Select the source account.
  • Proceed and enter the OTP for validation.
  • Funds will be loaded successfully. (Step 3 is not required for subsequent loads).

• Via UPI Apps:

  • Log in to the UPI app.
  • Go to the Bank or Account Transfers section (select ICICI Bank if asked).
  • Add a beneficiary:
    • Use the 16-digit Card number as the account number.
    • Re-enter the card number as the account number (if needed).
    • Enter IFSC code: ICIC0000106.
    • Enter the payee name.
  • Select the added payee from recent/saved beneficiaries.
  • Click on ‘Pay’ and enter the amount.
  • Enter your UPI password and confirm.
  • Funds will be loaded successfully. (Step 3 is not required for subsequent loads).

Prepaid Card Review

The ICICI Bank Student Prepaid Card is an excellent financial tool for students aged 10 and above, offering a secure and convenient way to manage expenses independently. Its primary value lies in enabling financial autonomy for students without the need for a traditional bank account or minimum balance.

• Pros:
  • No minimum balance requirement.
  • Contactless payment functionality for quick transactions.
  • High annual spending limit of ₹10 lakh.
  • Accepted nationwide at ATMs, POS, and online.
  • Reloadable with 24x7 loading options via IMPS, NEFT, and UPI.
  • Enhanced security with an embedded microchip, PIN-based POS transactions, and OTP for online transactions.
  • Faster digital card activation within 5 hours post-KYC.
  • Does not require a Savings Account.
  • Dedicated customer care service available.
• Cons:
  • Various fees apply, including annual, issuance, replacement, and manual loading charges.
  • Specific details on rewards and offers are not readily available in the provided content.

Overall, this card is highly recommended for students seeking a controlled and secure method for managing their daily expenses, travel, and online purchases, while also learning financial responsibility.

Important Product Details

• Card Name: ICICI Bank Student Prepaid Card
• Card Category: General Purpose Reloadable (GPR) for students.
• Issuing Bank: ICICI Bank.
• Key Features:
  • Reloadable.
  • Contactless Payments (Tap and Pay).
  • No Minimum Balance Requirements.
  • High Spending Limit: ₹10 lakh annually.
  • Accepted Nationwide at ATMs, POS machines, and online platforms.
  • Embedded microchip for high-level security.
  • PIN-based security for POS transactions.
  • OTP validation for online transactions.
  • Digital Card activation within 5 hours after KYC.
  • No Savings Account Required.
  • 24x7 Card Loading Options (IMPS, NEFT, UPI).
  • Dedicated Customer Care Service.
• Card Variant: Not explicitly mentioned (e.g., Visa, Mastercard, RuPay).

Other Details

• Customer Care Service: For any queries or concerns, contact 1800 1080 or 022-50405238.
• Terms & Conditions for the card are available via specific links provided by the bank.