Business News Desk, Debit card is very important in banking service. With the growth of digital banking, its misuse has also increased rapidly. Debit card is very important in online banking today. It is used a lot in transactions. It is important to take care that it is not misused during use. You can also take good care of the safety of your debit card or ATM card. Yes, for this you have to take care of some special things. Let us discuss these points here.
Keep your PIN private
The first rule governing the use of a debit card or ATM card is to keep your debit card PIN safe. Memorize the 4-digit PIN and make sure you do not write it down anywhere or share it with anyone. Never give your PIN to anyone over the phone, email, social media, etc.
Report a lost debit card
In an effort to prevent any kind of fraud, you must immediately report the loss of your card to your financial institution so that the card can be hotlisted.
Keep an eye on your email
Keep an eye on emails. This is the easiest and most common way to identify fraudulent transactions, if any, through your debit card. As soon as a transaction is made using the card, an email is generated informing the cardholder about the same.
Follow the instructions of RBI
Keep in mind the instructions of the Reserve Bank of India (RBI). Make sure you authenticate every PoS transaction by entering your PIN and completing the entire purchase transaction.
Make online payments through secure platforms
Cybersecurity has become a major concern with online shopping. You need to be cautious when making online transactions and paying with your debit card. Look for secure online payment symbols, and make sure you use your debit card only on secure websites that ask for authentication. The two-factor authentication process required by secure sites is a measure to prevent debit card credentials from being leaked.
Follow SMS alerts
An easy way to keep track of your debit card spending is to set up alerts from your bank in the form of SMS or mail statements. This contains details of every purchase or transaction you make.
Keep your card safe
If the magnet strip on the back of your card is damaged, you will not be able to make any transactions by swiping your card. Please ensure that you do not let your card come in contact with dirt, sharp objects and other magnetic objects.
Keep track of your money in your account
It is wise to review your account statements periodically to know where and how much you have spent. If you notice any suspicious transactions, report them to the bank immediately. This can be an important step in preventing you from becoming a victim of fraudulent transactions.
