Looking for some good virtual debit card India can offer for domestic and international usage? Yes, you can get it from Indian Banks to make payments within India and abroad. I will give you details of those banks and other services that provide a Virtual Debit Card. Nowadays we need to use Virtual Card for payments because of security issues. Most people are not interested to share their Personal Debit Card for payment. So in this case we use Virtual Card. Virtual Prepaid card now becomes more popular and is provided by most of the Banks now.
What is Virtual Debit Card?
Virtual Debit Card are those which are almost the same as the normal debit card, but the card does not physically exist. The card details will be available digitally within the mobile app or the website of the provider. It can be a master card or a visa card that you can use those cards for all the online transactions like the one used in the normal cards. Since it is a virtual visa card, you cannot do any ATM transactions.
Why should use Virtual Debit Card?
Since the internet is exposed to the public and there are so many hacking things that happen, even if the normal cards are given with maximum security, There are chances of getting your card details being stolen which will result in money loss. Here comes the need of Virtual Card. you need to load money whenever needed, or you can keep little money on the card, so even if the card details are stolen, we will not have to suffer a lot.
How much money i can store?
The most card comes with some limits, you can store up to Rs.20,000/- in your account. Now Aadhaar based E-KYC has been added by most of the provides, which will increase your limit to Rs. 1 lakh
How can i add money to it?
Most virtual card act as a prepaid wallet and you can load money to it via direct debit card transaction, net banking, some wallet will provide NEFT and IMPS too
What about the security?
The virtual card also having all the security like the normal card, you can make payment only after OTP-based authentication. Verified by Visa, Mastercard and Rupay are there for all cards.
List of Virtual Debit Cards
1. Kotak 811
Kotak 811 will be the most recommended one, It’s not only a virtual debit card, it’s a genuine bank account. You can create it via mobile app in 5 minutes’ time, the only need is your Aaadhaar Number and Pan Number. You will get a Virtual Debit Card Instantly. No need to go to the bank too. You can read the full details regarding the account creation in my previous article. You can use this card for International Transaction too
2. ICICI Pockets
This is a prepaid wallet from ICICI bank. Anyone can create an account using the mobile application, you don’t need to have an ICICI bank account for this. You will get a prepaid card with the wallet and also you can create an Internet Banking account too. You can use this card for all online payments in India.
3. SBI Buddy
SBI Buddy is also a prepaid wallet or simply an SBI virtual card from State Bank of India, you can load money to it via debit card and can be used for all online payments within India.
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4. HDFC Payzapp
This is also a prepaid wallet from HDFC bank and you can add any bank card into it to load money to it. You can use it for any online transaction in India. Unlike other cards, the HDFC Payzapp card can be used without OTP authentication, you need to put your pin other than OTP at the time of the transaction
5. Digibank by DBS
Digibank also provides a prepaid wallet using the mobile app, you will be getting a virtual account number and IFSC code also with this, so you can load money to it via NEFT or IMPS also. You can use it for payment in India.