Now a days gift cards are proving to be an attractive option. Through this, you can go to any e-commerce company or any retail store in the mall and do your favorite shopping. On the occasion of Diwali, you can make anyone happy by giving them this unique gift.
Diwali is one of the biggest festivals for business in the domestic market. To capitalize on this opportunity, companies prepare well in advance. Giving gifts on the occasion of Diwali is a common practice. Some people even give cash, but there is no love and emotions in it. If you have not bought any gift to give to relatives and friends this Diwali, then you can give them gift cards. He can increase his happiness by purchasing his favorite things through this card. Nowadays, companies running retail stores are issuing special shopping and gift cards to attract customers. Special facilities are being given to the customers in these cards. The strategy adopted by retail company Big Bazaar to keep customers engaged for a long time is proving successful to a great extent. There are various attractive offers available on such gift cards in the market.
how is the trend
Gift cards have long been the most popular gifting option in many developed countries. This trend has increased rapidly in India also. Now, especially in cities, gifting a gift card to someone is emerging as a preferred option. Seeing the features of this card, now people are preferring to give gift cards to their children and relatives on special occasions. Till a few years ago, there was a trend of giving clothes, electronics or kitchen products as gifts during the festive season. But the big problem that arises in these is that if the product is already kept in the house, then what is the use of the other one. Obviously it will not be able to be used. There are problems regarding quality, guarantee and warranty of such items. If we talk about clothes, then in the era of fashion, very few people like the things bought by others. What I mean to say is that even if you spend money, you may not be able to recover it. There is no such problem with gift cards. You can spend the amount deposited in this card as per your wish whenever you want. With this, you can buy suitable items of your choice which are needed in the house.
Nowadays the process of purchasing gift cards is very easy. You can get information about gift cards at the shopping counter in any mall. Here you will find company salesmen offering such cards. Retail companies like Big Bazaar, Vishal Megamart issue gift cards. Nowadays many e-commerce companies are also selling gift cards with special offers. This can be in both physical and virtual forms. Online shopping can also be done through this type of card. Many banks are also involved in the gift card business. By going here you can get a gift card made for your loved one even with minimal amount. The special thing is that retail companies also give good discounts on the price of gift cards. You can get a card of Rs 2000 even for Rs 1800. The companies associated with this also benefit. For this reason, the gift card business is flourishing.
What is the benefit
Although vouchers and cash cards are very popular in the financial market these days, gift vouchers can be used only at a specific store. Obviously you don't have many options for shopping. In the current situation, gift card is proving to be the best option. In view of the increasing business, nowadays almost all banks are issuing gift cards. Gift cards can be purchased by visiting selected branches of these banks. Its process is very easy. Your gift card becomes active as soon as you make payment to the bank. Shopping can be done through gift cards at stores that accept debit and credit cards for payment. Once the balance is exhausted, this card is no longer of any use. Obviously there is no danger of continuing further.
Card validity
RBI is encouraging plastic money to reduce the trend of cash in the market. Till now the gift card amount could be used within a year. For the convenience of the people, it has now been increased to three years. Most banks are issuing cards with a minimum value of Rs 500. Under the rules, a maximum gift card worth Rs 50 thousand can be purchased. The bank can charge a fee of up to Rs 100 for issuing this card. E-commerce companies are also giving attractive offers on purchasing gift cards. At present there is no separate special security system for gift cards. Any person can make purchases through this. No ID proof etc. is required for this. If your card is lost, it can be blocked by informing the concerned bank. After this, a copy of the FIR has to be submitted to the bank by the cardholder. With a simple process, the original purchaser of the card gets an amount equal to the balance in the card. Some banks issue a new card by charging a nominal fee.
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