SBI Virtual Debit Card is a one-time-use digital card that can be generated through internet banking on the SBI website. This virtual card is designed for online payments at platforms accepting Visa or MasterCard Debit Cards. Notably, no funds are deducted from your bank account at the card’s creation; the amount is only debited when the card is successfully utilized for a transaction.
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State Bank of India virtual card
| Description | Features |
|---|---|
| Eligibility | 🌐 All INB Customers with Transaction Rights having PAN registered with the Bank can avail this facility. |
| Card Type | 💳 Visa (may be extended to Master Card Platform) |
| Currency of Issue | 💵 Indian Rupee only. |
| Minimum amount of Issue | 💲 Rs.100/- |
| Maximum amount of Issue | 💰 Rs.50,000/- |
| Frequency of usage (Single / Multi) | 🔄 Single-transaction Card |
| Card Acceptability | 🏬 At any merchant outlet that has a facility for Online purchase. |
| Domestic / International | 🌍 Domestic use only. (Valid for payment in INR in India, Nepal & Bhutan) |
| Card Validity | 📅 “As soon as the transaction is completed. Or If the card is cancelled. Or Card is not used for 48 hours after creation. (whichever is earlier)” |
| No of cards per customer per day | 📈 No limit |
| Issuance / Maintenance Fee | 🚫 NIL |
| Refund / Cancellation | 🔄 Once the card is cancelled or expired, the lien marked shall be lifted, and the unspent / unutilized amount will automatically be available to the customer for use. |
Features of SBI Virtual Card:
The State Bank of India (SBI) virtual card provides a secure and convenient online transaction experience. This virtual card is designed with several features to enhance user safety and flexibility.
Secured and Easy
The SBI virtual card comes with a unique card number and CVV that can only be used for a single transaction. After the CVV is utilized, the card becomes invalid. The card is valid for a maximum of 48 hours or until the completion of the transaction, whichever comes first. It automatically expires after 48 hours if not used. This secure setup ensures that primary card details are not exposed during transactions, minimizing the risk of online vulnerabilities. The creation and usage of the card are straightforward, making it accessible to anyone familiar with internet banking.
Flexibility
Customers can set the card amount as per their preference, with a minimum of Rs 100 and a maximum of Rs 50,000. There is no limit on the number of cards that can be created, provided there is a sufficient balance in the bank account, with a maximum limit of Rs. 50,000 per card. Users also have the flexibility to use the virtual card for a partial amount, debiting only the extent of usage from their bank account.
No Additional Charges
The virtual card feature is an add-on facility associated with the existing cards/account, and as such, no service charges are imposed by the bank for this service.
No Worry About Theft
Even if virtual card details are exposed, the risk of fraudulent use is low. To complete a payment, the user needs to enter the OTP sent to the registered mobile number, adding an extra layer of security.
Creating SBI Virtual Cards
Any SBI customer with an activated internet banking account can create virtual cards online. No need to approach the bank for activation before creating one. The process involves logging into the SBI online banking website, navigating to the e-Cards section, selecting “Generate Virtual Card,” choosing the account and setting the amount, receiving a secure OTP, and confirming the transaction. Once processed, the user can view the virtual card details, including name, card number, limit, CVV, and expiry date.
Limitation
It’s essential to note that the SBI virtual card is designed for domestic use only and can be used for online payments in Indian Rupee (INR) in India, Nepal, and Bhutan. International purchases in currencies other than Indian Rupee are not supported.
Demo: Explore the step-by-step process of creating a virtual card with SBI by accessing the provided demonstration. To view the demo, click here.
SBI Virtual Debit Card FAQ
The SBI Virtual Debit Card is a digital card that can be generated for online transactions, providing a secure and convenient way to make payments.
The virtual card comes with a unique card number and CVV, usable for a single transaction. It is valid for a maximum of 48 hours or until the transaction is complete. After usage or expiration, the card becomes invalid.
Yes, the SBI Virtual Debit Card offers enhanced security. The unique card details ensure that primary card information is not exposed during transactions, minimizing the risk of online vulnerabilities.
Absolutely. Customers can set the card amount as per their preference, with a minimum of Rs 100 and a maximum of Rs 50,000.
There is no limit on the number of virtual cards that can be created, provided there is a sufficient balance in the bank account, with a maximum limit of Rs. 50,000 per card.
