Cards

What’s the biggest secret that you must never share with anyone?

It is your personal banking information like your ATM pin, CVV code on your debit card and your transactions OTP

If a fraudster gets access to any of this information they will have access to all your money.

Here are some safety best practices of ATM/Debit Cards

The Do’s

Always keep the card safe and never share the ATM pin or CVV code with anyone.
Always remember your ATM pin, do not write it anywhere.
Always keep the microchip and the magnetic strip on the back of the card clean. Your debit card will not work in case there are any scratches on their surface. The best way to ensure the card is safe is to always keep it in a wallet.
Only make payments with the card which won’t disturb your finances.

It is easy to lose track of how much you spend with a debit card, and so use it for bigger payments as a rule. Refer to our Guide on Financial Planning to learn how to manage and save money.

The Don’ts

Do not use an ATM pin for your card that anyone else would be able to guess, for e.g. a pin like 1234, or your birthday.
Do not lend the card to anyone.
Do not provide your Debit card details on harmful or duplicitous websites that might use your information for targeted advertisements or for stealing your information. You can always ensure whether the Payment Gateway is Verified by only shopping on trusted online websites.

Here are some key takeaways from this section that you should remember.

Do not use a public Wi-Fi network when logging into your Net banking account or using your banking app on the phone.
Do not use an ATM pin for your card that anyone else would be able to guess, for e.g. a pin like 1234, or your birthday.
Do not lend your card to anyone.

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ATM Card Frauds

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