Virtual debit cards are great financial tools to make purchases online. They come with a prominent and safe way to transfer funds online. Lately, the popularity of e-cards/virtual cards is heightening.
Many Indian banking groups are providing virtual cards and wallet services in India. If you are looking for a virtual debit card, consider the “top 10 virtual debit card” list we suggested.
What is a Virtual Debit Card?
Unlike “physical/regular debit cards,” virtual debit cards do not exist physically. They are randomly generated 16 digit numbers. They offer a wide range of services, just like a regular ATM card. They offer a “one-time” payment option and expire after completing a transaction.
Virtual debit cards can be used for online payments at merchants’ sites without exposing your “real debit card” credentials.
All online payment technology, including virtual cards, is regulated by the Reserve Bank of India.
10 Best Virtual Debit Cards In India
1. Axis Bank ASAP
Axis Bank ASAP virtual debit card is an online payment service provided by Axis Bank ASAP accounts. It is powered by VISA payment technology. You need to open an Axis Bank ASAP account to access this virtual debit card. Users can manage their debit cards via the Axis Mobile app.
The card offers you a daily transaction limit of ₹ 1,00,000. It comes with many exciting offers like free Times membership, free BOGO ( buy one get one free).
Cardholders can avail of cashback offers by Axis ASAP virtual debit card. It offers 3% – 5% cashback on shopping from Amazon And Flipkart and up to 20% cashback on dining at more than 4000 restaurants across the country.
You can access the card at ₹0; no minimum bank balance is required. The virtual card offers you Axis eDGE Loyalty Rewards on spendings via the card. These eDGE rewards can be redeemed as cash back and gift cards.
2. Kotak 811 Virtual Debit Card
Kotak 811 virtual debit card is issued by the Kotak Mahindra Bank, powered by VISA technology. The virtual card comes complementary to the Kotak 811 bank account. Kotak 811 is among the best virtual debit cards in India for online shopping and international transactions. You can use the card to get the free trial offers of various platforms or software. It is easy to create and can be managed by Kotak bank mobile app.
Kotak 811 does not require a minimum balance to access the card. It offers you OTP-based safe and secure channels for online transactions.
Users can load money via UPI, Net banking, or credit cards. There are no maintenance charges for the virtual debit card. It can be used to pay for utility bills, booking tickets, etc.
Also check: Best Debit Cards in India
3. YES PAY by Yes Bank
Yes PAY is a virtual debit card, mainly for domestic usage offered by Yes Bank. The virtual debit card is powered by Rupay technology. It provides you a safe and secure medium for online transactions. Users can load the debit card using net banking or UPI. Yes Pay virtual debit cards can be managed by the Yes Bank mobile application.
Like a physical debit card, it can be used to earn reward points and gift cards. Yes PAY offers you a “Tap and Pay” option at any domestic merchant site. The virtual debit card can be loaded using Netbanking, credit or debit card, or UPI.
4. DigiBank by DBS
DigiBank e-wallet provides you with a complimentary VISA virtual debit card. Digibank virtual debit card comes with various exciting offers on travel, entertainment, shopping, etc. It can be used to pay phone bills, electricity bills, and make recharges. The card can be created on a zero-balance account.
It offers you to purchase from 1,00,000 online retailers. Get discounts and cashback on online shopping using your DigiBank virtual debit card. It provides you an unlimited cash withdrawal facility. Users can set a transaction limit on the debit card. DigiBank offers various deals and discounts on various partner companies like Tanishq, U.S. Polo, Zee5, Gaana, Edureka, and many more.
5. Pockets by ICICI Bank
The VISA-powered virtual debit card provided by ICICI bank is primarily issued for only domestic use. The virtual card technology can be managed by the mobile app “Pockets.” It allows you to pay your utility bill, mobile recharge, fund transfer, ticket booking, or online shopping in one go. The card can be loaded with any debit card. Get access to Net Banking and NEFT transactions using your debit card.
Anyone can get the “pockets”; you don’t have to be an ICICI bank customer. The card only allows online POS at merchants’ places. It does not provide ATM withdrawal services.
6. SBI Virtual Card
State Bank Of India offers a “limit virtual credit card.” SBI virtual card offers the smartest and safer way of online transactions. The OTP approves all the transactions made via the virtual card. It is based on a VISA payment gateway but it can be used at all merchant places which use Mastercard or VISA cards. It can be used to make transactions in India, Nepal, and Bhutan.
The card has a transaction limit of a maximum of ₹ 50,000 per single transaction. Though, there are no limits on generating virtual cards per day. Users can load the virtual card using Net Banking and credit cards.
7. HDFC PayZapp
PayZapp e-wallet is a prepaid payment service. It offers a complimentary PayZapp virtual debit card. Using PayZapp virtual debit card, you can pay utility bills, mobile recharge, ticket bookings, movie tickets, and discounts on dining. Get rewards, discounts, sign-on bonuses, loyalty points, and cash backs on the card. The PayZapp mobile application can manage the card.
Users can load the card using Net Banking, UPI, or credit cards. It allows the transfer of funds to bank accounts. PayZapp virtual debit card is ideal for online shopping. It offers exciting deals and discounts on dozens of top-quality brands across the country.
8. IPPB RuPay Virtual Debit Card
The India Post Payments Banks issues IPPB RuPay Virtual Debit Card, powered by Rupay technology. IPPB introduced its cashless transaction technology to promote the Indian government’s mission to encourage more people to accept digital payment systems. Users can generate virtual cards from the IPPB mobile banking application. The card can be used to pay utility bills, online shopping on any Rupay-enabled site.
It offers a maximum daily purchase limit of ₹ 50,000. Users can block/unblock, generate, or set their daily purchase limit on their own. It offers various exciting offers and cashback on spendings using the card.
9. M-Clip by Bank of Baroda
M-clip by Bank of Baroda is an e-wallet that comes with a gratis virtual debit card primarily for domestic use. M-clip offers “P2P transactions” (person to person); and an m-clip user can send funds directly to another m-clip user. It offers requisite mobile and DTH recharge, online payment, and utility bill payment services. Portals that accept VISA or Mastercard shall support M-clip payments.
Get Amazon, Book My Show, Flipkart gift cards, or cash back rewards on spending using your M-clip virtual debit card. Users can manage it with the M-clip mobile application. It can be quickly loaded with Net Banking, credit, or debit cards.
10. PayApt by IDBI Bank
Go cashless! PayApt allows P2P and P2M (person to merchant) transactions. It features “tap and go” mode; users can transact in just one click. PayApt can be managed with PAYAPT mobile application. PayApt is only available for android devices. Other features include online shopping, fund transfer, and billings.
PayApt offers its users to pay merchants using mVisa payments. Either user can load the virtual card or link their existing “physical cards” to the e-wallet to make transactions. A non-KYC account holder can only have transactions of ₹ 10,000, whereas KYC accounts have a daily limit of ₹ 50,000.
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Pros cum Features of Virtual Debit Cards.
- Virtual debit cards are much more convenient than cash.
- Transactions via virtual debit cards are a safe online payment option.
- While shopping online, users can generate a new debit card with a different number. It will keep the data of the “real account” safe.
- They are easy to generate and manage.
- Generally, they have low or no issuance fees in India.
- Virtual debit cards are “one-time” payment cards; they expire after a single use.
- If the transaction does not happen, the money is credit back to the primary source after expiration.
- Virtual debit cards are digital prepaid cards; users need to load the amount first.
- The cards have an expiration duration of 48 hours.
- Virtual debit cards provide deals and offers. They work the same as a “physical debit card.”
- One of the great features of virtual cards is availability. Any user can access virtual cards.
- They are widely accepted at merchants’ places across the country.
- Users can easily block/unblock virtual cards at their convenience.
Cons of Virtual Credit Cards
- Some service providers do not offer cash withdrawal facilities.
- Some users may find it less user-friendly and difficult to manage.
- It can not be used on a POS swipe machine.
Also Check: Top 15 Best Debit Cards in India
Frequently Asked Questions
How can I get a virtual debit card in India?
You can consider the following steps to generate a virtual debit card in India.
1. Log in to the “service provider” portal.
2. Click on e-card/virtual cards services.
3. Opt for the “virtual debit cards” option,
4. Click on the “generate” option.
5. Enter the virtual debit card limit.
6. Enter the OTP sent by the “service provider.”
7. The virtual debit card is ready to use.
Which bank provides virtual debit cards in India?
There are dozens of E-cards service providers in India. Many government and private banks provide virtual debit cards. State Bank Of India, Bank of Baroda, Yes Bank, Kotak Mahindra Bank, Axis Bank, HDFC Bank are some of the leading banks that provide virtual debit cards in India.
Can I get a virtual debit card in India?
Any Indian citizen with a PAN card can get a virtual debit card. There are many e-cards service providers in India. Many Indian banks, namely Yes Bank, IDBI Bank, Axis banks, provide virtual debit cards.
Can we withdraw money from a virtual debit card?
Yes, we can withdraw money from a virtual debit card, but not every bank provides the option. DBS’ DigiBank provides you with the facility to withdraw money from a virtual debit card.
How do I use a virtual debit card?
Virtual cards can be a critical financial tool to use for transactions for online shopping. You can generate virtual cards to pay online, billings, recharge, fund transfer, etc. Virtual debit cards are widely accepted at merchants’ places across the country.
How do I get a virtual international debit card?
You can look for the banks that provide International transaction services on their virtual credit card. Kotak Mahindra’s Kotak 811 provides you with both domestic and international transaction services.
Which app gives virtual Visa debit cards?
There are e-card service providers that provide virtual Visa debit cards. PayZapp by HDFC bank, Pockets by ICICI Bank, Kotak 811 by Kotak Mahindra bank provides virtual Visa debit cards.
Users can log in to the bank portal (web/mobile app) and generate a virtual debit card.
Which is safer: Net Banking or virtual debit card?
Net Banking and virtual debit cards are the best and safe to make transactions online. Both the options are available only for online transactions. However, Net Banking is much easier and widely accepted than virtual debit cards.
You can use both of the ways to make your online trades safe and secure.
Can IPPB issue virtual debit cards?
Yes, India Post Payment Bank provides a virtual debit card to its customers. IPPB virtual Rupay debit card offers various exciting offers and cashback on spendings.