It’s a good practice to change your ATM PIN if there has been a breach or if you suspect unauthorised transactions on your account. You can change your PIN by visiting the nearest ATM centre and don’t have to contact the bank for the same. Here are effective ways you can ensure the safety of your Debit or Credit Card.
• If you have a magnetic-strip card, upgrade to a chip-based card.
• These cards have multiple layers of security and can be activated only with a PIN number.
• Change your PIN number ever six months or more frequently to avoid falling prey to fraud. Do not share your PIN and card details with anybody. Do not write it down somewhere. It is best to memorise your PIN.
• If you haven’t already updated your email id or phone number with your card issuer, do it immediately. Digital alerts are the best way to keep a track of transactions charged to your card.
• Notice something fishy about a transaction? Didn’t authorise a payment? Contact your bank immediately. Refrain from using the card and request the bank to block it immediately.
Being aware of your monetary transactions, spreading out your cash in different accounts, and maintaining your privacy is the key to your financial safety.