Organization : State Bank of India
Facility :State Bank Virtual Card
Home Page :https://retail.onlinesbi.com/
For more details here :https://retail.onlinesbi.sbi/
State Bank Virtual Card :
Virtual CardState Bank Virtual Card, also known as Electronic Card or e-Card, is a limit Debit Card created for ecommerce transactions. It provides an easy and secure way of transacting online without providing the Primary Card/Account information to the merchant.
The key features of Virtual Card are as follows :
Security :
** It reduces the risk of exposing the underlying Credit/Debit limit as the Primary Card / Account details are not communicated to the Merchant.
** Card is valid up to maximum of 48 hours or till the transaction is complete, whichever is earlier.
** Card creation and online transaction are authorized only after successful validation of One Time Password (OTP) sent to your Mobile during the process.
Highly Flexible :
** It enables Bank customers to pay from any of their Internet Banking enabled accounts, having transaction rights.
** Card can be created for any amount in round rupees.
** Card can be used at any online merchant site that accepts Debit/Credit Cards.
Easy to Use :
No separate setup/installation or registration is required, any customer having internet banking facility with transaction rights can create Virtual Card.
Zero Loss :
No loss of interest as the Card is generated by marking a lieu on the underlying account and the amount is debited only when actual transaction using the Virtual Card is completed, successfully.
State Bank Virtual Card description and its features :
** Eligibility-All INB Customers with Transaction Rights 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 facility for Online purchase.
** Domestic / International –Domestic use only. (Valid for payment in INR in India, Nepal & Bhutan)
** Card Validity -“As soon as 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 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.