Banks in which debit card is not compulsory

[Bob78900]

List of banks in which debit card is not compulsory to use net banking or mobile banking or any other basic services?

 

[Batmanbaba]

Bank of baroda, au bank, kotak 811,nsdl

 

[KumarS]

What is nsdl bank?

 

[Bob78900]

Bank of baroda, au bank, kotak 811,nsdl

Even I was wondering.

https://nsdlbank.com/advantage_saving_account.php

 

[KumarS]

Wow. Thanks for sharing. Never knew about this.

 

[hriday.haria]

Even I was wondering.

https://nsdlbank.com/advantage_saving_account.php

NSDL : National Securities Depository Limited

It is a Payments Bank ( similar to Airtel Payments Bank) ...
Here too most customers are corporates, who deal in bulk transactions related to securities, as NSDL is one of the two main Depositories of India ( other being CDSL: Central Depository Securities Limited)

Each and every DEMAT account in India, is linked with either CDSL or NSDL.
So most of their customers are Banks having corporate accounts.

Note : NSDL is a Government Entity. In case that concerns anyone.

 

[Batmanbaba]

The only drawback with nsdl is that they charge you fees to use amazon pay friday offer... They will charge around 30rs as service fee for amazon pay add money offer for rupay platinum cards offer... Nsdl offers virtual rupay platinum card with account....

 

[prc1990]

What is nsdl bank?

It's a payment bank like Airtel, Paytm, JIO etc.

 

[TheTrickySid]

Bank of baroda, au bank, kotak 811,nsdl

Which Bob account,
I guess all of their accounts have a physical debit card.

 

[Batmanbaba]

Which Bob account,
I guess all of their accounts have a physical debit card.

No.... Bob b3 plus account.... Dont require physical... It gives free virtual.. Its a zer0 balance account

 

[TheTrickySid]

No.... Bob b3 plus account.... Dont require physical... It gives free virtual.. Its a zer0 balance account

I was thinking to open this account.
And I will get only virtual debit card and not a physical on coz I don't want a physical debit card, the bank wont send a physical debit card after the account is opened am I correct?

Coz the this I saw on their website is something attached below.

 

[Batmanbaba]

I was thinking to open this account.
And I will get only virtual debit card and not a physical on coz I don't want a physical debit card, the bank wont send a physical debit card after the account is opened am I correct?

Coz the this I saw on their website is something attached below.

View attachment 888

If you opt for.. During online application.... After account opening and vkyc... U can easily generate virtual card via bob world app....you will only get welcome kit after you open this account... Without opting debit card.... In welcome kit there will be 2-3 useless page of charges, t&c.... Nothing more...

 

[TheTrickySid]

If you opt for.. During online application.... After account opening and vkyc... U can easily generate virtual card via bob world app....you will only get welcome kit after you open this account... Without opting debit card.... In welcome kit there will be 2-3 useless page of charges, t&c.... Nothing more...

Last question:
Once we open this digital account in Bob would we able to convert it to normal savings account afterwards coz I had heard that we cannot convert it to normal one.

 

[Batmanbaba]

Last question:
Once we open this digital account in Bob would we able to convert it to normal savings account afterwards coz I had heard that we cannot convert it to normal one.

It works like any normal account..... Why to convert to any other account... You can deposit money, withdraw money.... Do online transactions... Have debit card physical or virtual... Only think missing is Cheque book... Which is a rare used feature.... And cheque book of sbi and hdfc are always recommend.. Due to vast network and easy acceptance.... You can use them

 

[Bob78900]

It works like any normal account..... Why to convert to any other account... You can deposit money, withdraw money.... Do online transactions... Have debit card physical or virtual... Only think missing is Cheque book... Which is a rare used feature.... And cheque book of sbi and hdfc are always recommend.. Due to vast network and easy acceptance.... You can use them

we will not get cheque book in bob digital account? i dont care wether it is paid or not. nowadays cheque book is not required but sometimes you need it big payments or cancelled cheque.

 

[Bob78900]

Who told cheque book is not required?
Sometimes cheque book is very convenient.

Yes after that i mentioned it is required sometimes. Can you answer that question?

 

[Batmanbaba]

we will not get cheque book in bob digital account? i dont care wether it is paid or not. nowadays cheque book is not required but sometimes you need it big payments or cancelled cheque.

Its not by default.... Its paid one... You have to request from branch... There is no free cheque book in it..... Like other bank give 10 or 25 leafs free... Nothing here

 

[aarunn]

I have been using Kotak 811 for the past 2 years without a Physical debit card. Though I have a virtual one

 

[StanRoute66]

List of banks in which debit card is not compulsory to use net banking or mobile banking or any other basic services?

Indusind bank as well . Digi Gold card works fine

 

[fatehbajwa]

I fail to understand the need to NOT have a Debit card.
I mean, if the account has one, cut it up and throw it away! 😛