Ippb Virtual Debit Card re issuance Fees: India Post Payments Bank to charge annual maintenance and re-issuance fees for virtual debit cards

India Post Payments Bank (IPPB) has announced that it introduced annual maintenance and re-issuance charges for its virtual debit cards effective from July 15, 2022.

According to an IPPB press release, “This is to inform all concerned that annual maintenance charges of Rs 25 (incl. of GST) on Virtual Debit Card (VDC) will be applicable w.e.f 15 July, 2022.”

However, premium accounts (SBPRM) will be exempt from these charges.

IPPB Virtual Card

IPPB Virtual Card is a digital debit card that can be used for e-commerce transactions (online). The Card can be used to shop online in India at any merchant website/online portal that accepts RuPay Cards, just like a traditional plastic card. This digital debit card can be generated by the customers on their mobile banking App.

IPPB charges

How to generate Virtual Debit Card on IPPB app?
Step 1: Download IPPB app and login

Step 2: Click on Rupay Cards, and click on Virtual debit cards

Step 3: In next page, click on ‘Request Virtual Debit Card’

Next page will display details of Rupay card

Step 4: Tick the box to accept the terms and conditions and click on ‘Continue’ and confirm

Step 5: Enter OTP received on your registered mobile number

Your virtual debit card will be generated and the amount will be deducted from your account.

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