Axis Bank Purchase Control Virtual Card

Given below are a few key features of this credit card:

Highly Secure- The user can regulate spending with the help of virtual accounts and transaction level authorisation. It has a unique account number affiliated with a particular type of payment. Fraudulent practices are curtailed as well as squandering of money and non-compliant employee spending is avoidable.

Online Facility- This facility helps in immediately establishing virtual cards according to the customers’ needs without the requirement of a manual or physical card. The transactions done online are presented in a clear and substantial manner for the customer to view. Significant information regarding an independent payment can be consolidated in the transaction.

Transaction Level Authority- There are 29 varied customizable fields that encapsulate every piece of information that corporates may require. These have authorisation control over each and every transaction.

Enhance Cash Flow and Revenue from the Program- Customers can make use of a tool and surge their payments to suppliers. They can increase the advantages of their Purchasing Card program. Personalised tools also corroborate employee consent, decrease the period in the process of approvals and most importantly safeguard one’s company against embezzlement.

Choice of Suitable Execution– Customers can choose the implementation that suits them the best. Individual cardholders can set a certain spending limit for each transaction, every month. By uploading a batch file, customers can create a virtual account number. A monthly maximum limit can also be set for all cardholders.

Support and Guidance- To ensure the success of the credit card program (web-based), there is a devoted relationship manager and support infrastructure.

The table given below shows the fees and charges applicable to this credit card:

The eligibility for a Purchase Control Virtual Card by Axis Bank depends solely on the discretion and credibility of the bank. Axis Bank would also require the applicants to submit a set of documents which may include the following:

• Bank Statements of the Company
• Profit and Loss Statement
• Balance Sheet
• Acknowledged ITR
• Business PAN

This list is only indicative. The bank may ask for more documents as it deems fit.

Interested candidates can apply for a Purchase Control Virtual Card by visiting an Axis Bank Branch. The bank representatives will give an application form for the same, which the applicant needs to fill. They will then take him through the entire process.

Another method of applying for a Purchase Control Virtual Card is through Axis Bank’s website.

• Visit the official website of Axis Bank
• Go to retail and click on ‘cards’ option
• Select commercial cards
• Find the ‘Purchase Control Virtual Card’ option, click on apply
• Enter the required details and submit the form

Can I apply online for an Axis Bank Purchase Control Virtual Card?

Yes, you can apply online for a Purchase Control Virtual Card online by visiting the official website of Axis Bank and filling the application form online.

What are the standard add-on card joining and annual fee?

There are no charges for a standard add-on card joining as well as for a standard add-on card annually.

Please Note: Axis Bank is not a Paisabazaar partner. Offers would be from partner Banks/NBFCs only.