What are Online Debit Cards?
An online debit card, also known as a virtual debit card, is a digital payment instrument that allows individuals to make secure transactions online. Similar to a physical debit card, it is linked to a bank account, and funds are directly debited from the account during online purchases. The virtual nature of these cards provides flexibility and convenience for online transactions, making them an essential tool for e-commerce.
Accessing an Online Debit Card in India:
To access an online debit card in India, you need to follow a few simple steps. Here's a general guide to help you get started:
1. Open an online banking account: If you don't already have one, you must open an online banking account with a bank that offers virtual debit card services. Digital banks like Airtel Payments Bank offer this facility.
2. Register for Internet banking: Once you have an online banking account, register for Internet banking services. This usually involves visiting the bank's website or branch, filling out an application form, and providing the necessary identification and account details.
3. Generate a virtual debit card: After successful registration, you can generate a virtual debit card within the Internet banking portal. The process may vary depending on the bank, but generally, you can find the option to create a virtual card under the "Cards" or "Services" section.
4. Customize your card details: While generating a virtual debit card, you may have the option to customize specific information such as the card limit, validity period, and security features. Ensure you choose settings that align with your needs and preferences.
5. Retrieve card details: Once your virtual debit card is generated, the bank will provide you with the card details, including the card number, expiry date, and CVV. Make sure to note down or securely save these details for future use.
Popular Platforms Offering Online Debit Cards in India
Several prominent platforms in India offer online debit card services, providing users with easy access to virtual payment options. Let's explore a few of these platforms:
1. Paytm: Paytm, a leading digital payments platform in India, offers a digital bank account. Users can create a virtual debit card linked to their Paytm account, allowing them to make online purchases and transactions.
2. Airtel Payments Bank: Airtel Payments Bank, a digital banking platform by Airtel, offers a virtual debit card service. This digital bank also allows users to generate a virtual card through the Airtel Thanks app or its official website.