Virtual Card will only be used for online payment on internet against the fees as under
Membership Fees of Foreign Professional and Scientific Institutions
Fees for Application, Registration, Admission, Examination (TOEFL, SAT etc.) in connection with admission into foreign educational institutions
Card Fee : USD 10.00 as Card Fee + USD 1.50 Vat on Card Fee
Loading Fee : 1% of the remittance amount
Student or professional will apply to any Southeast Bank Branch for a Virtual Card in prescribed form along with demand notice/letter from the concerned foreign institution showing the amount to be remitted.
Applicant will receive Virtual Card from the Branch within 24 hours of application.
Regular International Credit Cardholders can do such transactions using their individual card. They need not pay visit to branches for such transactions.