If you have a bank account then you must have also got a debit card i.e. ATM card along with it. In such a situation, many people might be using debit card or credit card. ATM card should be used carefully. A small mistake can cause huge loss. Anyway, in today’s era the number of cyber criminals is increasing rapidly. In such a situation, one mistake can empty your entire bank account. Therefore, there is a need to be careful about everything related to the bank account. Especially when it comes to ATM card or credit card, caution increases even more.
Actually, there are 16 digit numbers written on the front side of the ATM card. Name and expiry date are also written on many cards. But, there is a three digit number written on the back of the card. Many people do not pay attention to this three digit number. But it is very useful and special care has to be taken.
Delete CVV number in ATM card
A 3 digit number is written on the back of the ATM card or credit card. This is called Card Verification Value (CVV) number. This number is required while making payment anywhere. Verification does not happen without this number. In such a situation, if this number along with the card information falls into the hands of a fraudster, then your bank account may become empty. This is why RBI has said that you should always keep the CVV number written on your card hidden or if possible, note it down somewhere and erase it from the card. So that if the card is ever lost or falls into wrong hands, there will be no financial loss.
Do not save ATM card in any platform
To avoid online fraud, one should avoid saving ATM card in any platform. Let us tell you that while making online payment anywhere, it is asked whether you want to save the card dues for quick payment, then you should not do so. The reason for this is that if the platform is not safe then there is a risk of serious damage.
Free insurance is available on ATM card
If you have used the ATM card of any bank for more than 45 days, you can avail free insurance facility. These include both accident insurance and life insurance. Now you will be able to claim insurance in both these situations. The amount has been fixed according to the category of the card.
SBI gives a cover of Rs 4 lakh (death on air), Rs 2 lakh (non-air) to its Gold ATM card holders. Whereas, Premium card gives cover of Rs 10 lakh (death on air), Rs 5 lakh (non-air) to the holder. Many banks including HDFC Bank, ICICI, Kotak Mahindra Bank provide cover of different amounts on their debit cards. Some debit cards offer free accidental insurance coverage up to Rs 3 crore. This insurance coverage is provided for free. In this, no additional documents are asked from the bank.
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