HDFC Bank Virtual Credit Card

HDFC Bank has launched the HDFC Bank virtual credit card through software known as NetSafe. Similar to a prepaid credit card, the virtual credit card is a payment solution that protects the cardholder's personal details such as their credit card number, PIN as well as other proprietary information.

A virtual credit card is one where the physical card details are not used for making a payment. Instead, a virtual card number will be generated for each payment made to avoid duplication or the phishing of information entered when making a payment online.

Features and Benefits of HDFC Virtual Credit Card

1. Secure and safe, a virtual credit card ensures that the physical card number is not revealed online.
2. One time use ensures that the virtual credit card can't be misused by unscrupulous entities.
3. A password and PIN sent to the registered mobile number and email address at the time of making the purchase using the virtual card ensures complete security.
4. The amount to be loaded onto the virtual credit card is preset, keeping the rest of the cardholder's funds secure.
5. The amount will be refunded to the cardholder's account if the transaction is not made within a specified period (usually 24 hours).
6. Any balance amount will be refunded to the cardholder's credit or debit account.
7. The virtual credit card number is auto-generated and expires after the specified time period lapses.