Virtual Debit Card - SBI, PNB, HDFC, and ICICI Banks

However, cardholders can’t use it in Automated Teller Machines (ATMs) to withdraw cash. Having said that, the mobile app allows users to use various services of virtual debit cards like setting the transaction limits, upgrading their cards, etc.

Features and Benefits of Virtual Debit Cards

The following are the features and benefits of Virtual Debit Cards:

Highly Secured

1. Virtual debit cards are highly secured as they cannot be accessed without a mobile app password and net banking password. Apart from this, there is no risk of duplication, theft or losing the card.

Can be Blocked Anytime

1. Unlike physical debit card, which can only be blocked by contacting your bank’s customer service or by visiting the branch, you can block your virtual debit card at anytime if you feel that your card is being misused. You do it by logging into the mobile app and clicking the block option.

Flexibility in Making Payments 

1. The users can also make payments using their virtual debit cards through their existing internet banking account. As the users can set the amount limit for their card, it can be easily used at online shopping site which accept debit card. This makes it more flexible as compared to traditional debit cards.

Instant Activation

1. Usually, once you open a bank account, the debit card is either parceled to your registered address or you can be collected from the bank. However, a virtual debit card can be activated instantly through mobile banking by KYC and OTP authentication process.
   

E-Commerce Perks

1. Virtual Debit Cards also has various benefits like traditional debit cards. The cardholders can get cashbacks and rewards points for doing bill payment, online shopping and carrying out other transactions online. Apart from this, it can also be used to make payments on government-based payment platforms.

Set Spending Limits

1. Virtual cards are mostly used because of their spending activity. This is because the cardholders can have a control over how much to spend per month through the card.

Convenient to Carry

1. Unlike a physical card, the virtual debit card need not be carried separately. Instead, the virtual debit card can be accessed through your mobile phones anywhere and anytime.

List of Virtual Debit Cards

Here’s the list of virtual debit cards offered by banks to its customers:

• Kotak 811 Virtual Debit Card
• HDFC Bank PayZapp Virtual Debit Card
• SBI Virtual Card
• ICICI Bank Pockets Virtual Debit Card
• PNB Virtual Debit Card Through PNB ONE
• Axis ASAP Virtual Debit Card
• DBS DigiBank Virtual Debit Card
• YES Pay Virtual Debit Card

Kotak 811 Virtual Debit Card

Kotak 811 is one of the popular virtual debit cards introduced by Kotak Mahindra Bank. The cardholders can manage all types of banking needs and can do window shopping from this application. Not only this but the card can also be used in Google Pay or pay for the Netflix subscription.

The following are the key features of Kotak 811:

1. Annual Fee: Nil
2. Kotak 811 is virtual debit card cum an online zero balanced bank account.
3. The user can create its by downloading Kotak 811 app from the Playstore or App Store.
4. The card provides exciting rewards and discounts at different online stores across India.
5. The bank does not charge any maintenance fee for this card.

Read more information on Kotak Mahindra Bank Debit Card

PayZapp by HDFC Bank

Owned by HDFC Bank, PayZapp is a popular an e-wallet and money transfer platform which can be used by HDFC customers. To use this digital wallet, the customers should go through the KYC documentation procedure. The users can access the PayZapp card in the app and get exciting deals and offers.

The following are the key features of PayZapp card:

1. The card can be activated in just a few steps.
2. The cardholders can add fund in the wallet through debit card, credit card, or net banking.
3. The bank provides exclusive offers and deals to its users in several online shopping sites.

1. It is extremely secured.

Read more information on HDFC Debit Card

SBI Virtual Card

The customers can create a SBI Virtual Debit Card by visiting its official website. To create the virtual debit card of SBI, the you need to login in to the bank’s internet banking portal and go the e-service section to continue the further process.

Let’s look at its key features:

1. SBI Virtual card can be used at any e-commerce websites in India.
2. The card can also be used for several Visa enable merchants.

Aso know about SBI Debit Card Features

Pockets by ICICI Bank

ICICI Bank is one of the most Tech innovative Bank of India and it has advanced in digital e-wallet service in India. ICICI Bank is the first bank in India that introduced the concept of prepaid wallet r virtual digital wallet. Pockets app helps the users in creating Visa based online Virtual Debit Card. The cardholders can use this account for doing the net banking transactions.

Let us have a look at its features:

1. It helps the cardholders to make payment through net banking.
2. The customers can create the account instantly.
3. It is UPI enabled.
4. This ICICI debit card offers exclusive discounts and deals in various e-commerce stores.
5. It has great user interface.

AXIS Bank ASAP

Axis ASAP is a VISA based online virtual debit card which is mostly used for doing online shopping in India and abroad. The customers can apply for this card through the mobile app or from the bank’s official website.

Here are its key features:

1. AXIS Bank ASAP card is a comprehensive virtual bank account that can be used to access all types of banking facilities.
2. Annual Fee: Nil
3. It is highly secured.

1. The bank doesn’t charge any maintenance to use this virtual debit card.
2. The users can transfer funds in a hassle free manner.
3. In addition, the card can also be linked to Unified Payment Interface (UPI) apps.
4. Cardholders can get number of rewards and cashbacks for making online transactions.

PNB Virtual Debit Card Through PNB ONE

1. Annual Fee: NIL
2. It can be used only for E-commerce transactions
3. PNB Virtual Debit Card is Provided with No Issuance and AMC charges.
   

DigiBank by DBS

DBS Bank provides a free virtual debit card to its customers that is popularly know as DigiBank. It is basically a virtual prepaid e-wallet which can be used by the users to shop from e-commerce stores. The customers can open the account after completing the KYC procedure.

Now, let us have a look into its key features:

1. The customers can register for DigiBank through the bank’s mobile banking app.
2. You will have the access of the Visa virtual debit card at the Digi wallet.
3. The users can add money into the wallet through UPI, debit cards, or Immediate Payment System (IMPS).
4. The card provides cashbacks and rewards to its cardholders by collaborating with several brands across the country.

YES PAY by YES Bank

YES Bank has introduced its virtual debit card in India to continue secure and hassle-free online transactions for Indian online websites. Its virtual card is partnered with RuPay but the cardholder cannot make international transactions. Customers can create their free virtual debit card through mobile applications. The cardholders can add money to e-wallet which can be transferred to any UPI based bank accounts.

Given below are its features:

1. The RuPay based virtual card can be used to make transactions on any ecommerce websites across the country.
2. The YES Bank customers can avail its Virtual Debit Card by installing the app.
3. In addition, the customers can also pay the utility bills using the virtual debit card.

How to Get a Virtual Debit Card?

Given below are the steps to apply for a virtual debit card:

Step 1: Visit your net banking portal of a particular Bank Page

Step 2: Go to the ‘Cards’ section.

Step 3: Choose ‘Virtual Debit Cards’.

Step 4: Next, click on ‘Register New Virtual Debit Cards’.

Step 5: Choose your ‘Account Number’ and ‘Card Variant’.

Step 6: Select ‘Validity Month and Year’.

Step 7: Tick on the declaration box.

Step 8: Finally, enter your PIN to generate your virtual debit card.

Advantages of Virtual Debit Cards

Virtual Debit Cards come with the following advantages:

1. The transaction limit of the virtual debit card can be set by the cardholders.
2. As It can be stored in the mobile banking application, there is not risk of getting stolen, lost, or misused.

1. Virtual debit cards also widely used to make international transactions.
2. It can be conveniently carried digitally.

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