What is Debit Card?
A debit card is basically a card used for fund transactions. Going by the name plastic cash, bank card and more, you can enjoy electronic access to your savings account in any bank via ATMs. You can deposit and withdraw as per your convenience this way without the hassle of standing in long queues. Same can be utilized for mobile banking and internet banking.
As per RBI guidelines, banks issuing the debit cards are responsible for keeping the information of their customers safe. But there have been multiple instances of data breaches due to negligence on the part of debit card users as well. Listed below are some of the dos and don’ts for first time users of debit card.
- Sign on the back of your debit card as soon as you receive it. Your card is considered authentic only if you fix your signature in the space provided on your card.
- Sometimes fraudsters may jam the Enter and Cancel button in an ATM machine to put your transaction on hold. In such cases, do not leave the ATM counter without cancelling the transaction.
- Make sure that you have memorized your debit card PIN. Do not write down your debit card PIN number anywhere.
- While making a transaction at an ATM counter, make sure that no one else is there with you.
- As an enhanced security measure, keep changing your debit card PIN from time to time.
- If you are withdrawing cash from ATM located in an open space, ensure that you hide the PIN combination while making the entry.
- Dispose your old debit cards if you are not using them anymore.
- Do not dispose balance receipt in the ATM counter itself. Hackers and fraudsters can use this information to gain access to your bank account.
- Track your account transactions on a regular basis. This will help you in identifying any unusual activity in your account.
- Register for email or SMS alerts. This will help you in staying up to date with your transactions.
- While transacting at petrol bunks, restaurants, and similar places, ensure that your debit card is swiped in the POS machine only in your presence. Otherwise, there are chances of your information being skimmed. Skimming is the process of duplicating a debit card with the use of a skimming device.
- In case you doubt a skimming device being installed in an ATM machine, refrain from making any transaction and inform the concerned authorities immediately.
- Get your debit card blocked immediately, in case it is lost or stolen. You can do so by calling the bank on their hotline number.
- Whenever you receive an email or a call asking for your account details or debit card information, report the incident to your bank.
- You bank will never ask for your debit card information. Never share your information with anyone over phone, call, or message, even if the person claims to be from the bank.
- While shopping online with your debit card, make sure that the website of the e-tailer starts with ‘http’. This is a sign that the website is secure and genuine.
- Do not save your debit card details on merchant websites for ease of making payments. Because in case the website is hacked, you will be at the risk of losing your baking information to hackers and fraudsters.