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Credit Cards / Loan Products in India => India Credit Cards / Personal & Business Loans => Topic started by: cardbhai on December 01, 2013, 11:12:49 AM

Title: ALL ATM / Debit Card Users to Enter PIN at PoS
Post by: cardbhai on December 01, 2013, 11:12:49 AM

From Today Dec-01-2013, the RBI of India has mandated all consumers need to enter PIN for their ATM / Debit Card Transactions at the Point of Sale ( PoS) terminals to bring down the level of fraud prevailing in the Indian Card Industry,

• At the time of payment, the merchant swipes/inserts your Debit Card into a PIN enabled Point of Sale (POS) machine
• The merchant then enters the transaction amount
• The POS machine prompts for a PIN to be entered by you
• You enter your Debit Card ATM PIN in the POS machine and complete the transaction

Safety Tips for ATM / debit Card Customers

• Do not 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 when 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 and ensure that it is your Debit Card only