As per RBI guidelines and to enhance your Debit Card security, effective 1st December 2013, all transactions at retail outlets will need to be validated using your existing ATM PIN. The PIN will add another layer of security for your Debit Card transactions. Heres how your Debit Card with PIN works Step 1. The merchant swipes/inserts your Debit Card into a Point Of Sale (POS) machine. Step 2. The merchant then enters the transaction amount. Step 3. The POS machine prompts for a PIN to be entered by you. Step 4. You enter your Debit Card ATM PIN in the POS machine to complete the transaction. Safety tips to keep in mind while transacting using your Debit Card Never share your Debit Card ATM PIN with anyone, including the merchant. You should always insist on entering the PIN yourself. Use your hand or body to shield your PIN from onlookers while you are entering the PIN. Keep your Debit Card in sight during any transaction, especially at restaurants and fuel stations. Remember to take your Debit Card back when the transaction is complete. Protect your PIN and Keep your Debit Card safe As a customer you can play a key role in fraud prevention by remembering to protect your Personal Identification Number (PIN) and by practicing Card safety. Memorize your PIN - only you should know it. Dont write it anywhere. If you suspect that someone knows your PIN, even a friend or family member, change it immediately. Change your PIN at regular intervals. Create your PIN using your combination so that nobody but you knows what your PIN is. Your PIN is like a signature that identifies you. Treat it with due caution. Check your statements regularly and contact your Bank immediately if you detect any unusual activity, for example, purchases you did not make or missing charges. Get your card hotlisted immediately, if your card is lost, stolen or retained by an ATM machine. Select a unique PIN. Never use obvious information, such as, your telephone number, date of birth, address. These are numbers often stored in the same place as your card ; enabling criminals to easily guess your PIN. While using your Card on POS machine, if you suspect anything unusual do not use the machine and report it to the Bank immediately.
Posted on: Sun, 01 Dec 2013 04:29:33 +0000
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