Archive · 7 Jan 2026
Bank of Baroda targets 1 million prepaid cards in 5 years
Bank of Baroda, a big bank in India, wants to have 1 million prepaid cards in use within the next five years.
Right now, they have about 112,801 active prepaid cards, which is more than the average for other banks.
An active card is one that has been used at least once in the past year.
The bank is also looking for help from outside to make this happen.
The information comes from the Reserve Bank of India, which keeps track of such data.
Bank of Baroda aims to reach 1 million prepaid cards in 5 years.
Current active card rate is 25%, higher than the industry average of 18%.
Active cards are defined as those used for at least one transaction in the past year.
Bank seeks external assistance to achieve its target.
Data sourced from the Reserve Bank of India (RBI) as of November.
- Who
- Bank of Baroda
- What
- Aims to increase prepaid card base to 1 million in 5 years
- When
- Not specified
- Where
- India
- Why
- To expand its prepaid card services and seeks external assistance
- Target
- 1 million prepaid cards in 5 years
- Current Active Cards
- 112,801
- Active Card Rate
- 25%
- Industry Average Active Rate
- 18%
- Data Source
- Reserve Bank of India (RBI)