Efforts are being made to promote cashless methods of gifting through Shagun Gift Cards. Issued by LIC and IDBI Bank, this card can be used from shopping to paying bills etc.
LIC and IDBI jointly launched Shagun Card
LIC Cards Services Limited (LIC CSL) has launched a contactless prepaid gift card ‘Shagun’ on RuPay platform for the convenience of the customers. For this it has joined hands with IDBI Bank. This card is being launched in the market with the intention of promoting cashless methods of gifting. Through this card, customers can do transactions up to 5000 thousand in a contactless way without entering a PIN. It can be easily used for online shopping to bill payment etc.
The Shagun Card will be initially available to LIC and its subsidiaries and affiliates for official use. which will be used to award prizes and special prizes during official conferences and functions. Later it will also be used for common use through a digital platform.
What is the card limit
In Shagun Gift Card, you can choose the amount as per your wish, it is available between Rs.500 to Rs.10,000. It has a validity of 3 years, LIC CSL says about this, taking advantage of the wide acceptability of RuPay, the Shagun Gift Card can be used at lakhs of merchant outlets and e-commerce websites in India.
PIN will not be needed
Cardholders can use the contactless tap-and-go facility of Shagun Gift Card at Point of Sale (POS) terminals. In this, you can make digital payments without entering a PIN for purchases up to Rs 5,000. This card can also be used to give a gift to someone.
These facilities are also included
Shagun card can also be easily linked with ‘M-Passbook’ mobile app. With this, the customer can check the complete record of the transaction. Also can check real-time access to card balance etc. You can use this card for departmental stores, petrol pumps, restaurants, jewelery stores, clothing stores, online shopping, utility bills, air, rail, bus ticket booking etc.
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