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What is SBI Virtual Debit Card?
SBI Virtual Card is nothing but a debit card with a limit. SBI recently introduced
virtual cards for all the net-banking users. SBI Virtual Card is mainly used by
internet shopping. You can pay on e-commerce websites like Amazon or Flipkart.
SBI Virtual Card is not a physical card; it’s simply identified by its number. The
virtual card meets all RBI requirements. SBI Virtual Card improves the security for
all SBI card holders and helps issue prepaid payment instruments (PPIs).
Want to know more on Investment Planning? We at IndianMoney.com will make
it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique
Free Advisory Service. IndianMoney.com is not a seller of any financial products.
We only provide FREE financial advice/education to ensure that you are not
misguided while buying any kind of financial product.
What is SBI Virtual Debit Card?
Salient Features of SBI Virtual Card
 Apply for SBI virtual card with SBI internet banking facility.
 You can transact with a minimum amount of just Rs 100 and a maximum
amount of Rs 50,000. (SBI virtual card minimum transaction amount is Rs
100).
 The SBI virtual card is valid for 48 hours. Its single-use only for one
transaction. This card cannot be used again.
 SBI virtual card has no issuance fees and there are no limits on the number
of SBI virtual cards that can be applied in a day.
 You can use the card for online payments only in Indian Rupees. This is
applicable in India, Nepal and Bhutan only.
 The SBI virtual cards are created and the online transactions authorized
only after successful validation of OTP. The OTP is sent to user’s registered
mobile number. (This is your account holder).
 After a successful SBI virtual card validation, you get to see SBI virtual card
image, card number and the expiry date on the screen.
See Also: Are You Confused About Whether To Use Your Credit or Debit Card?
Is SBI Virtual Card Safe?
There is no danger of losing the SBI Virtual Card. Well, it’s available on your
mobile phone. You are safe from fraudsters who use phishing as they can’t access
card details at say ATM machines.
You can easily set limits on SBI virtual cards which reduces risk from fraudsters.
The SBI virtual card is generated by marking a lien on an underlying account.
Account-holders don’t lose interest.
Your bank account gets debited only when an actual transaction is made. If SBI
virtual card is canceled, the lien mark gets lifted.
See Also: Credit or Debit Card: Which One is Safer To Use
SBI Virtual Card Improvement
The use of SBI virtual cards must be extended to POS at restaurants and retail
hotels. This would be great to pay Utility Bills online and even for cash withdrawal
at ATMs. Currently, only internet banking customers apply for virtual cards. Banks
must extend usage even to foreign transactions on International merchant
websites.
See Also: Differences Between Credit Card And Debit Card
How To Create SBI Virtual Card?
 You must login to your SBI online banking account at www.onlinesbi.com.
 You then click on the e-card tab right on the top bar.
 You will have to click on the generate virtual card tab.
 You select the bank account where you want to transfer money to virtual
card. Enter the amount and make the transfer.
 You then agree to the terms and conditions simply by clicking on the tick
box and click on generate.
 Verify debit card account number, virtual card limit and cardholder’s name.
An OTP is sent to registered mobile number. Enter OTP on registered
mobile number. You then click on confirm.
 After a successful validation, the card image and card number along with
the expiry date would be displayed on-screen.
 Your SBI virtual card is easily generated and can be used for e-commerce
transactions.
See Also: A brief about Debit Card
Keep your Financial Cognizance up to date with IndianMoney App. Download
NOW for simple tips & solutions for your financial wellbeing.
Have a complaint against any company? IndianMoney.com's complaint
portal Iamcheated.com can help you resolve the issue. Just visit IamCheated.com
and lodge your complaint. If you want to post a review on any company you can
post it on Indianmoney.com review and complaint portal IamCheated.com.
Be Wise, Get Rich
Address: No. 50, Vinay Arcade, K H Road,
Shantinagar, Bengaluru,
India, 560027
Contact: 080 - 4268 – 7207
Email - contact@indianmoney.com

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What is SBI Virtual Debit Card?

  • 1. What is SBI Virtual Debit Card? SBI Virtual Card is nothing but a debit card with a limit. SBI recently introduced virtual cards for all the net-banking users. SBI Virtual Card is mainly used by internet shopping. You can pay on e-commerce websites like Amazon or Flipkart. SBI Virtual Card is not a physical card; it’s simply identified by its number. The virtual card meets all RBI requirements. SBI Virtual Card improves the security for all SBI card holders and helps issue prepaid payment instruments (PPIs). Want to know more on Investment Planning? We at IndianMoney.com will make it easy for you. Just give us a missed call on 022 6181 6111 to explore our unique Free Advisory Service. IndianMoney.com is not a seller of any financial products. We only provide FREE financial advice/education to ensure that you are not misguided while buying any kind of financial product. What is SBI Virtual Debit Card? Salient Features of SBI Virtual Card
  • 2.  Apply for SBI virtual card with SBI internet banking facility.  You can transact with a minimum amount of just Rs 100 and a maximum amount of Rs 50,000. (SBI virtual card minimum transaction amount is Rs 100).  The SBI virtual card is valid for 48 hours. Its single-use only for one transaction. This card cannot be used again.  SBI virtual card has no issuance fees and there are no limits on the number of SBI virtual cards that can be applied in a day.  You can use the card for online payments only in Indian Rupees. This is applicable in India, Nepal and Bhutan only.  The SBI virtual cards are created and the online transactions authorized only after successful validation of OTP. The OTP is sent to user’s registered mobile number. (This is your account holder).  After a successful SBI virtual card validation, you get to see SBI virtual card image, card number and the expiry date on the screen. See Also: Are You Confused About Whether To Use Your Credit or Debit Card? Is SBI Virtual Card Safe? There is no danger of losing the SBI Virtual Card. Well, it’s available on your mobile phone. You are safe from fraudsters who use phishing as they can’t access card details at say ATM machines. You can easily set limits on SBI virtual cards which reduces risk from fraudsters. The SBI virtual card is generated by marking a lien on an underlying account. Account-holders don’t lose interest. Your bank account gets debited only when an actual transaction is made. If SBI virtual card is canceled, the lien mark gets lifted. See Also: Credit or Debit Card: Which One is Safer To Use SBI Virtual Card Improvement The use of SBI virtual cards must be extended to POS at restaurants and retail hotels. This would be great to pay Utility Bills online and even for cash withdrawal at ATMs. Currently, only internet banking customers apply for virtual cards. Banks
  • 3. must extend usage even to foreign transactions on International merchant websites. See Also: Differences Between Credit Card And Debit Card How To Create SBI Virtual Card?  You must login to your SBI online banking account at www.onlinesbi.com.  You then click on the e-card tab right on the top bar.  You will have to click on the generate virtual card tab.  You select the bank account where you want to transfer money to virtual card. Enter the amount and make the transfer.  You then agree to the terms and conditions simply by clicking on the tick box and click on generate.  Verify debit card account number, virtual card limit and cardholder’s name. An OTP is sent to registered mobile number. Enter OTP on registered mobile number. You then click on confirm.  After a successful validation, the card image and card number along with the expiry date would be displayed on-screen.  Your SBI virtual card is easily generated and can be used for e-commerce transactions. See Also: A brief about Debit Card Keep your Financial Cognizance up to date with IndianMoney App. Download NOW for simple tips & solutions for your financial wellbeing. Have a complaint against any company? IndianMoney.com's complaint portal Iamcheated.com can help you resolve the issue. Just visit IamCheated.com and lodge your complaint. If you want to post a review on any company you can post it on Indianmoney.com review and complaint portal IamCheated.com. Be Wise, Get Rich Address: No. 50, Vinay Arcade, K H Road,
  • 4. Shantinagar, Bengaluru, India, 560027 Contact: 080 - 4268 – 7207 Email - contact@indianmoney.com