Virtual Debit Card for Indian Businesses

Here are some of the best virtual debit cards for Indian businesses:  

1. SBI (State Bank of India) 

The SBI Virtual Debit Card allows individuals and small businesses to make secure online payments. Customers who have an active SBI saving or current account with KYC compliance can get access to a virtual card very easily through SBI Internet Banking or the mobile app. The card supports domestic and international online transactions, offers customizable spending limits, and provides real-time expense tracking with SMS alerts. It cannot be used for ATMs or in-store purchases. This card comes with many security features like multi-factor authentication, dynamic CVV, and 24/7 fraud monitoring. 

2. Axis Bank  

With Axis Bank, you can easily open your digital current account online by providing your details, such as your Aadhar card, PAN card, mobile number, and completing the video KYC on your phone. This card comes with various benefits such as cashback on online purchases, complementary movie tickets, higher transaction limits, and many more. Also, there is no issuance or annual charges. You can manage the card easily through the Axis Mobile App or Internet Banking.  

3. Bank of Baroda’ 

You can get a Bank of Baroda virtual debit card easily through the BoB World app if you already have KYC-compliant savings or current accounts. If you do not have an account, then you need to open the account first. It works for both Indian and international online payments. You can set your spending limit and get alerts for every transaction. You can manage the card through the app and block it anytime if needed. It cannot be used at ATMs or shops, and security is protected with OTPs and encryption, which makes it ideal for online shopping, bill payments, and subscriptions. 

4. HSBC Bank 

The HSBC Virtual Card is a secure, card-free payment solution for businesses of any size. With the help of this card, companies can make large, high-volume, or repeat payments without using physical cards. Businesses get full control of spending limits, compliance settings, and strong fraud protection. It also helps in improving the cash flow with up to 52 interest-free days and can support better supplier negotiations. It provides other benefits also such as easy tracking, real-time reporting, and simplified financial management. 

5. Kotak Mahindra Bank (Kotak 811) 

You can create the Kotak 811 Virtual Debit Card through the Kotak 811 app, and it will be linked to a zero-fee digital savings account. With this card, you can make online payments, get rewards, and discounts at many e-commerce sites. You can set spending limits, customize merchant categories, and manage the card entirely through the app. It provides strong security features like biometric login, encryption, and instant card blocking. This card is ideal for young professionals, frequent online shoppers, and small business owners who prefer a fully digital banking experience. 

Steps to a Get Virtual Debit Card for Indian Businesses 

You can apply for a virtual debit card by following the steps given below: 

• You first need to apply for a bank account that offers virtual debit cards. 
• Fill in the application form at the bank. 
• Submit the application form with the required documents. 
• The bank will approve your application for account opening. 
• You will get your virtual debit card in your welcome kit. 

Note: If you already have a bank account that offers a virtual card, then you do not need to open a new account. You can either visit the nearest branch or apply online through your bank’s internet banking portal. 

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