Bank of Baroda Virtual Debit Card – Benefits, Fees & Eligibility

Introduction

The Virtual Debit Card, offered by Bank of Baroda, is an electronic debit card designed to facilitate secure and convenient online e-commerce transactions for its customers. Available on Visa and RuPay networks, this card is positioned as a digital-first solution, allowing instant activation and self-generation through the bob World Mobile App. Its primary benefits include immediate access for online payments, enhanced safety and security, and the flexibility to convert to a physical card for ATM and POS transactions when needed.

Fees & Charges Breakdown

• Virtual Debit Card Issuance Fee: Currently, there is no issuance fee for the Virtual Debit Card.
• Physical Debit Card Fees: Once the virtual card is converted into a physical card, the applicable issuance and annual fees for physical Debit Cards will be levied.
• Fee Changes: All fees are subject to change from time to time at the sole discretion of the Bank/RBI.

Card Eligibility Criteria & Income Requirements

• Savings Accounts: Individuals maintaining specific Savings accounts with operational instructions as “Self” or “Either or Survivor” or “Any one or Survivor” are eligible.
• Current Accounts: Individuals maintaining specific Current accounts with mode of operation as "Self" or "Sole Proprietor" are eligible.

Debit Card Review

The Virtual Debit Card from Bank of Baroda is an excellent option for existing customers who prioritize digital convenience and security for their online transactions. Its instant activation and generation via the bob World app make it highly accessible. The card is particularly beneficial for those who frequently shop online, pay utility bills, or book travel tickets digitally. A key advantage is the option to convert it into a physical card, extending its utility to ATM withdrawals and POS transactions, though this incurs additional fees. However, users should note that the virtual card itself is limited to online use and does not automatically renew. Overall, it offers a robust and flexible solution for modern banking needs, especially for customers comfortable with digital platforms.

Important Product Details

• Card Type: Virtual Debit Card, with an option to convert to a physical card.
• Card Networks & Variants:
  • Visa Classic Virtual Debit Card
  • Visa Platinum Virtual Debit Card
  • RuPay Platinum Virtual Debit Card
• Usage:
  • The Virtual Card can be used for online e-commerce transactions only.
  • It cannot be used for ATM or POS transactions.
  • Upon conversion to a physical card, it can be used for ATM and POS transactions.
• Conversion to Physical Card:
  • Customers can request a physical card conversion via the bob World App.
  • Once the physical card is activated, the virtual card will no longer be usable and will be removed from the virtual card section.
  • The validity of the physical card will be 5 years from the month of conversion.
• UPI Linking Capability: The Virtual Card can be used to set/reset UPI PIN.
• Internet Banking Services (post-conversion to physical card):
  • Self-registration for Internet Banking (bob World Internet).
  • Set/reset password for Internet banking (bob World Internet) using the debit card.
• Online Transaction Enablement:
  • The virtual card is enabled for domestic online transactions upon issuance.
  • Upon conversion to a physical debit card, it is initially enabled only for ATM & POS Contact transactions in India.
  • Customers can enable the converted physical debit card for online/contactless/international transactions through BOB ATM, IVR, bob World (Mobile Banking), and Internet Banking (bob World Internet).
• Daily Transaction Limits (for converted Physical Debit Cards):
  • Visa Classic: ATM Daily Limit: ₹25,000, Ecom Daily Limit: ₹50,000.
  • Visa Platinum: ATM Daily Limit: ₹50,000, Ecom Daily Limit: ₹2,00,000.
  • RuPay Platinum: ATM Daily Limit: ₹50,000, Ecom Daily Limit: ₹1,00,000.
  • These variants are enabled by default for ATM & POS transactions in India only. Customers have the facility to enable/disable online/contactless/international transactions via BOB ATM, IVR, bob World App, or bob World Internet.
• Card Renewal: Virtual Debit Cards will not be renewed automatically. The card will be closed upon expiry of the Usage Validity or Default Expiry Period, whichever is earlier.

Other Details

• Instant Activation: The card offers instant activation.
• Safety and Security: Designed for enhanced safety and security in online transactions.
• Convenience: Facilitates cashless transactions and is easy and convenient to use.
• Self-Generation: Can be self-generated from the Mobile Banking – bob World app.
• Easy Blocking and Unblocking: Cards can be easily blocked and unblocked.
• Application Steps:
  1. Login to bob World Mobile App.
  2. Go to Cards Section.
  3. Select Virtual Debit Cards.
  4. Click on Register New Virtual Debit card.
  5. Select your Account Number & Card Variant.
  6. Choose Card validity Year and Month.
  7. Tick on the Confirmation box.
  8. Enter your Transaction Pin to generate your Virtual Debit Card.
• Card Usage Validity:
  • Set by the Cardholder during generation, within the default expiry of 5 years.
  • The minimum card usage validity will be 6 months from the month of virtual debit card issuance.
  • Once the virtual card is generated, the card usage validity cannot be reduced from the initially set validity.
• Virtual Card Generation Limit: A particular Virtual Card variant can be issued only two times in one year (12 months from the date of the 1st virtual debit card generation of that variant).
• Green PIN Generation: Green PIN cannot be generated for a virtual card. Post conversion and activation to a physical card, Green PIN can be generated through BOB ATM, bob World App, bob World Internet, or IVR.
• Blocking Virtual Card: Can be done via bob World App, bob World Internet, WhatsApp Banking, or by visiting the Base Branch.
• De-blocking Virtual Card: Can be done by visiting the customer's branch.
• Daily Transaction Limits for E-commerce: Customers can set their daily transaction limit for eCom transactions within the overall daily limit of the card through IVR, bob World App (Mobile Banking), and bob World Internet (Internet Banking).
• Activation of Converted Physical Card for Online Transactions:
  1. "Activate debit card" under the virtual debit card section.
  2. Initiate a Green PIN transaction through any alternate delivery channel (BOB ATM, bob World App, bob World Internet, or IVR).
  3. Enable the card for online transactions through any alternate delivery channel.
  4. The card is then activated for online transactions.
• Assistance: Toll Free Number 1800 5700.
• General Information: The Bank may use the services of agents in sales/marketing of its various products.