How A Virtual Card Help You Transact Smartly

Time to read: 3 mins | January 26, 2018

There came a time when plastic money, in the form of debit cards/prepaid cards/credit cards, reduced the dependency on cash. And now, with technological advancement, the concept of ‘digi-money’ has changed the way many of us transact, and to an extent, reduced our dependency on plastic money.

Today, your smartphone is virtually a wallet. You don’t need to carry wads of cash, as the concept has been widely accepted across points of sales and services. Banks today, recognising the need of customers, have also designed some really smart virtual cards.

For individuals, a Virtual Debit Card is offered for free when they open an Axis ASAP account, which is digital savings account. If you shop online, this virtual debit card is perfect for you. The virtual debit card offers carefully crafted Axis eDGE Loyalty Rewards, enabling you to save money as you spend on a variety of things making it a delightful and rewarding experience. The virtual debit card is secure and easy to use.

So, apply for Axis ASAP account today and enjoy a host of benefits:

• No-strings-attached zero balance facility
• Higher interest rates through auto-sweep Fixed Deposits above INR 10,000
• Link to your investments in the endeavour to achieve your financial goals
• Do fund transfers, bill payments free of charge
• Book your flight tickets, bus tickets and/or hotels conveniently
• Recharge the mobiles of any of your contacts through the Axis Mobile app 
• Use it for contingency purpose (to meet expenses in case of an emergency)
• Shop or redeem Axis eDGE Loyalty Reward points
• Get detailed account statement accessible online

You do not need to carry wads of cash, run to your ATM, or worry about banking hours, saving time and energy. Axis ASAP Account can help you manage your money efficiently with less paper to handle. And best part is, there is no maintenance fee for Axis ASAP Account.

The Axis ASAP account can be opened anytime, anywhere simply using your PAN and Aadhaar details. You can literally open the ASAP Account in just a few minutes, following three simple steps by entering your name, mobile number, Aadhaar, and PAN.

A one-time password will be shared on your registered mobile number and a zero-balance savings account is opened with a number assigned. To open the ASAP account, physical documentation isn’t required; so it is convenient and offers a stress free banking experience.

What are the criteria to open an Axis ASAP account?

To open an Axis ASAP account, you need to be 18+ years of age and a resident of India (with a valid proof of address). Currently, joint holding is not permitted for this account.

The maximum amount that is permitted to be kept in the Axis ASAP account, at any given point of time, is Rs 1 lakh.

The overall cumulative in the account cannot exceed Rs 2 lakh, and if does exceed, complying with all the formalities of a ‘full KYC account’ is must. Once you convert Axis ASAP account to a full KYC account, transaction limits do not apply. To know more about Axis ASAP Account, click here.

Enjoy the ease and expediency of electronic payment. Make the best of the services Axis Bank offers and enjoy cashless banking.

Be smart, bank smart!

Disclaimer: This article has been authored by PersonalFN, a Mumbai based Financial Planning and Mutual Fund research firm known for offering unbiased and honest opinion on investing. Axis bank doesn't influence any views of the author in any way. Axis Bank & PersonalFN shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.