Home Money How good is SBI Virtual Card – A Review

How good is SBI Virtual Card – A Review



Yes! you read it right! SBI finally Launched Virtual Card for every branch and city for all account holders having Internet Banking.

SBI Virtual card is actually a Limit Debit Card (load first and then use). This card is an one time card as most of the virtual cards are and can be created via Internet Banking.

We know that this is a virtual card so, can’t be used physically for anything. This is for just internet usage. However, don’t get too excited.

After some use and digging, I concluded that is actually not what people were waiting for. Let’s see some details, pros and cons of this highly searched and awaited virtual card against other virtual cards.

PROS: (or shall I say FEATURES?)

1. Secure for online payments as you will never expose your original card or internet banking info at any site.
2. Can be of any denomination ranging from Rs. 100 to Rs. 50,000.
3. This card have CVV or CVV2 along with VISA and expiry dates as required by VISA standards.
4. You will be able to see full detail of transactions and other things like CVV in your account by clicking the card number.
5. OTP (One time password) will govern the last step in transaction. Not like a real credit card where it is not necessary.
6.  If card is blocked (due to 3 times wrong OTP) etc; it can’t be unblocked. All leftover funds are transferred back to your account.
7. 48 hrs is expiry time. Any left over balance is transferred back. Here balance return is pros.
8. One time usage: All leftover balance is transferred back in case of transaction where spending amount is less than card amount.
9. You can cancel any of the selected card at any time.
10. You will earn interest  on the amount as same in your account.
11. At time of writing, SBI declared that there will not be any issuance fee or annual fee.
12. Multiple cards can be created.


1. Biggest shock comes here: It is not valid for international currency and international transactions. Sounded like a joke to me. However, SBI said they have not thought to make it international for now. So hold tight, there may be light.
Right now it is only usable in India, Nepal and Bhutan. Huh…
2. 48 Hrs. Really? I want to have a virtual card like my Entropay. 1 Year validity.
3. One time use makes this card much worse than other international competitors.
3. Non-reloadable i.e. you can’t Top up and reuse the same card. God! Why I am even writing this  article???  Entropay and Neteller rocks here.
4.  It is not like other virtual credit cards and I am getting a hunch that transactions will be declined at sites where only Credit Cards are accepted. SBI said they are also thinking on that. So, crossed-fingers.
5. OTP. Yeah, yeah… Security feature. Still a headache as I know how many times my transactions fails when I don’t receive OTP on my mobile from SBI.
6. Cards can’t be used as Gift Card or other Virtual Credit Cards (gifted) as OTP makes it impossible. And also, you have to tell the person that you have only 48 Hrs. Lol!
7. SBI didn’t declare what will be money back route or policy when transaction fails / abused or cancelled. Merchant generally credit money back to same card when it fails or get cancelled. Here that card will be non-existent.


1. Login to your SBI internet banking.
2. Go to “Requests” tab present above.
3. Clik  on “State Bank Virtual Card” option present at left hand side.
4. Select “Generate Virtual Card”
5. Enter your amount and then select an account which will be used to create this card.
6. You will receive an OTP when you click OK. Enter it.
7. If all went ok then you shall see new card with Card image, Number, Expiry date, CVV or CVV2 code.


1. Login to your SBI internet banking.
2. Go to “Requests” tab present above.
3. Clik  on “State Bank Virtual Card” option present at left hand side. And then Click “Cancel Virtual Card” tab.
4. Confirm your action. The card will be cancelled and leftover amount will be credited back.

In end… comments and queries are welcome.


  1. Raamya

    April 19, 2012 at 11:49 pm

    A..a.. . come again… please what is the use of this if there is no international transactions and currency allowed. It is just stupid SBI VISA enabled debit card .. this time only virtual. chuck it


  2. Suyesh Mehta

    April 20, 2012 at 9:18 pm

    This is joke. Right? SBI VCC actually a Domestic VDC (debit)? Why the hell they spend so much money to make something least uselful? anyway; good review.


  3. wend

    April 22, 2012 at 12:25 pm

    So it will not work with PayPal right? anyone tried?


  4. rate

    April 24, 2012 at 12:31 am

    Will it works with PayPal?


    • Mrinal Buddekar

      April 24, 2012 at 2:28 am

      @rate: That I still don't know but my guess is no as actually SBI didn't make it for anything other than INR (Indian Rupees). Still; If someone can give it a try they can.


  5. Rushi

    April 24, 2012 at 6:46 pm

    I made this VCC but it is not that useful really.


  6. neel

    April 25, 2012 at 11:18 pm

    this is useless…it doesn't work on xbox marketplace …even payable in INR doesn't work…..says 'please enter a valid visa card' 😛


    • Mrinal Buddekar

      April 26, 2012 at 2:12 am

      @neel:We all know that it is useless. 🙂 Even if it was in INR; was the site international seller? If yes; then it will not work.


  7. Raman

    May 22, 2012 at 12:21 am

    Great review man. I thought this card will solve all my problems. But no! Poor SBI and RBI's constricted minds. Thanks for deep review.


  8. Harish Kendre

    May 22, 2012 at 3:22 am

    This is pathetic. die sbi die


  9. harsha

    January 11, 2013 at 10:54 pm

    can we use this virtual card for funding neteller ? if yes, how do we get back the money from neteller ? i think they generally credit money back to same card which we used while funding..


    • Mrinal Buddekar

      January 15, 2013 at 8:18 pm

      @harsha: No. SBI Virtual card doesn’t support any international transactions.


  10. Laxmikant Bhumkar

    January 23, 2013 at 11:42 pm

    You could work hard to find out these pros and cons.


  11. VibhavSinha

    August 8, 2013 at 12:27 am

    You mentioned neteller. I checked their website and found that they have discontinued their virtual card service(Net+) in India. Do I have any alternatives for international prepaid card payment other than entropay?


  12. Geeta

    July 1, 2014 at 6:00 pm

    This is such a useless card.


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