Kotak Mahindra Bank Netc@rd Apply Online

Organisation : Kotak Mahindra Bank
Facility : Kotak Netc@rd

Details : http://www.kotak.com/nri-banking/cards/netcard.html#product_features
Website : http://www.kotak.com/

Kotak Netc@rd :

With Kotak Netc@rd you can enjoy shopping on any website that accepts VISA cards, without the worry of compromising your card security.

Related : Kotak Mahindra Bank Apply Online for ASBA Facility : www.statusin.in/21716.html

It is a one-time use, limited validity virtual card that can be created from your bank account at the time of online shopping.

Features & Benefits :
** Unique payment service that offers complete security while shopping on the Internet
** Universally accepted, shop on any website that accepts VISA cards
** Single use card, and automatically expires after 24-48 hours and cannot be used after a successful transaction
** Free of charge, there are no fees for creation or use of Kotak Netc@rd

What is netc@rd?
Kotak netc@rd is a secure payment solution from Kotak Mahindra Bank. Kotak netc@rd is an online virtual card, created through a debit to your account on Net Banking. You can then use this netc@rd to shop online at any merchant website which accepts VISA cards.

What are the unique features of netc@rd?
** The actual debit card number is never used in the online transactions. Therefore, there is no risk of the actual card number getting exposed during the online transaction on the merchant website.
** netc@rd will be valid for a limited period only i.e. maximum 48 hours. This can however be changed by the Bank from time to time.
** netc@rd can be used at any online merchant site that accepts Visa Cards, thereby providing a secure online payment facility.
** After the end of the validity period of the netc@rd, such unutilized amount will be credited back to your account from which the card was created.
** netc@rd can be created through Kotak Net Banking

How safe is the Kotak Mahindra Bank netc@rd?
** Your netc@rd is created online in real time for an amount decided by you and valid for a limited period only i.e: maximum 48 hrs.
** netc@rd is an online, single transaction card. Therefore it cannot be used more than once and only up to the limited validity period and cannot be used on a swiping machine.
** On successful use of netc@rd the same cannot be used again.
** As a matter of practice, you should create netc@rd just before the payment for the intended purchase, and use it immediately at your chosen Merchant site.

Who all are eligible for availing of this product?
All resident Indian customers, NRE customers and foreigners who are registered for the net-banking channel access and have at least one valid current / savings account to which they have operating rights over Kotak Net-Banking, can avail of this product.

How do I generate a netc@rd?
Go to kotak.com/ and log on to Net Banking using your login ID (CRN) and password. Click on “netc@rd” tab post which you will receive an OTP at registered mobile number. Select the account from which you wish to draw funds for creating netc@rd and click OK to generate.

How do I use my netc@rd?
To use your Netc@rd follow the steps mentioned below :
** Select the goods that you wish to purchase on the merchant website
** Select the payment mode as “Debit Card” (VISA)
** Generate Kotak Netc@rd by logging on to Kotak Net Banking, select “Netc@rd” tab post which you will receive an OTP at registered mobile number and click on “Generate Card”. Select the account and enter the amount (in Rupees) to generate the card
** Once the Card is created, you will be displayed the “Card No.”, “CVV2 value” and the “Expiry Date”
** Please enter the card details as required on the merchant payment page and confirm the payment

Can I use netc@rd at all websites?
You can use your netc@rd at all the websites that accept VISA cards as a payment option. However, sites such as the adult entertainment-sites, gambling-sites, etc, have been prohibited.

Note: Avoid using your netc@rd in cases where you are required to:

** Present your actual plastic debit card to receive your purchase, e.g. for purchase of some airline or movie tickets – check each merchant’s policy carefully before you purchase.
** Pay installment or make recurring payments

When does the source account get debited – at the time of creation of netc@rd or at the time of purchase payment?
The amount gets debited from your account at the time of creation of netc@rd.