India's largest commercial bank SBI provides virtual card facility to its consumers. It is a type of limit debit card. Simultaneously, using the internet banking of State Bank of India, virtual cards can be created and can be used for e-commerce transactions. Apart from this, this virtual card can be used at online shops that accept Visa cards. According to the SBI website, the validity of the virtual card is 48 hours or till the completion of the transaction. In addition, virtual cards can be created only after validation through OTP on mobile number. You can create a virtual card of any amount.

In such a situation, the question arises what are the features of SBI Virtual Cards:

1. Using ATM SBI virtual card, details related to your ATM card and account do not reach the merchant. In such a situation, your information is saved from fraudsters and scammers.
2. SBI customers can easily create virtual cards using net banking.
3. You can create a virtual card of minimum 100 rupees and maximum 50 thousand rupees.
4. You can use virtual card for shopping from any merchant who accept Visa card.
5. Only one transaction can occur at a time.
6. Amount is debited from your account only after shopping.

How to create SBI Virtual Card

1. Login to online banking of SBI.
2. Click on the e-card.
3. Click on the generated virtual card.
4. Select the account from which you want to transfer money.
5. Apart from this, you also have to enter the amount.
6. After this click on 'Generate', aggregating the terms and conditions.
7. After this, you have to decide the name of the cardholder, debit card and account number and the limit of the virtual card.
8. After this SBI will send you the OTP.
9. Enter OTP and click on confirm button.
10. After this the virtual card will be generated. Now you can use it for e-commerce related transactions.

Also Read:

Tax savings methods are not effective in giving desired results

Indian companies will soon get permission for listing in foreign markets

China's bully is going to increase in Indian auto sector, after mobile phones now cars are at watch

Sensex 250 and Nifty fall by 75 points, market's initial round starts from fall