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Loyalty Lounge | 

Gift Cards

Foster a culture of 

recognition with these  

customized gift cards 

Easy to access, monitor, and control gift cards for seamless gifting

3 Easy Steps to

Get Started with EnKash

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Sign Up

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Complete KYC Process

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Get Started

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The EnKash way is 

the better way

Switch to EnKash today!

Accessibility

Easy to

Track

Multiple

Denominations

Acceptability

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The traditional way of issuing gift cards was quite cumbersome and paper-based, making it a long-drawn and time-consuming process.
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The EnKash way of issuing gift cards is simplified, making it easy to access digital cards from anywhere.

Gift cards from EnKash are

 quick, simple, and automatic!

Freedom to Choose

Gift cards allow the recipient to choose products or services per their preference and convenience from a retail store or online

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Easy

Access

Gift cards are prepaid cards that can be easily and safely accessed anywhere and anytime

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Ensures

Safety

Gift cards are prepaid cards and are safe as they can be frozen in case of loss or theft without losing money with the self-PIN generation feature

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Easy to Distribute

These gift cards can be easily distributed as per the occasion

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Multiple Denominations

Available in multiple denominations of up to Rs.10,000, ensuring the option to choose the card value as per your requirements

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Got Questions?

Don't worry! Our FAQs section will help you learn about gift cards in detail

What are gift cards?

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Gift cards are prepaid cards containing a specific monetary value, which can be used to purchase goods or services at the issuing retailer or a network of participating merchants. They are typically sold by retailers, online stores, or platforms like EnKash and can be physical cards or digital codes sent by email or text. Gift cards by EnKash are non-reloadable and non-transferable. Cash-outs or fund transfers are also not permitted.

Why are corporate gift cards important for businesses?

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Gift cards are essential for businesses as they are a versatile and convenient way to show appreciation and offer rewards. They allow recipients the freedom to choose something they truly desire, making them a more personalized and meaningful gift than traditional options.

Why should a startup consider offering gift cards to employees?

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Startups should consider offering gift cards to incentivize and recognize the performance of their employees and partners. This can help motivate and improve their overall productivity. Gift cards are a cost-effective way to reward employees and partners, as they can be purchased in bulk at a discounted rate. Gift cards can boost morale by providing a tangible reward for the efforts put in by the people. This can create a positive and supportive workplace culture.

Is corporate gifting taxable?

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The taxability of corporate gifting depends on the value of the gift. If the gift is within or less than the taxable limit, then there is no need to pay any tax. However, if the gift card limit exceeds Rs 5000, it will be taxable.

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Seeking further understanding of gift cards?

Gift cards in India offer a versatile and effective way to express appreciation and foster positive connections. They offer recipients the flexibility to select from a range of options and make their own choices. A transparent and straightforward method of expressing gratitude, these gift cards are adaptable, user-friendly, and secure.

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Explore our comprehensive guide
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What is a corporate gift card?

A corporate gift card is a prepaid card organizations use to gift their employees, clients, customers, or partners. These cards are loaded with money up to a certain specified amount and are among the best ways to appreciate people. These cards can be redeemed online or in-store.

How to access a corporate gift card?

  • Register on EnKash and enter all the company details required
  • After all the details are validated, the company becomes eligible for gift cards
  • The company can load money into their account and request the cards as required
  • These gift cards can be allocated to the recipient with a preloaded amount as per the occasion

What are the rules for corporate gifting?

Corporate gifts should be aligned with the company's ethics and policies. These gifts must be legal. There must be transparency in corporate gifting and sensitivity towards all cultures.

Is corporate gifting profitable?

Organizations have observed enhanced retention rates through the implementation of corporate gifting strategies. Hence, opting for gift cards, such as those offered by EnKash, proves to be a mutually beneficial strategy. By motivating stakeholders with secure, convenient, and easily manageable gift cards that offer access across various categories, organizations can expect improved outcomes and increased productivity.

What is the TDS rate for corporate gifting?

A corporate gift can attract a TDS of 10% if the gift value exceeds Rs 20,000 in a year. This is decided under Section 194R of the Income Tax Act, 1961.

How do I avoid gift tax as an employer?

You can avoid gift tax by keeping the value of gifts within the tax-free limit of 5000 INR within a calendar year.