SBI ATM card user? You may lose your money, 12 mantras to save yourself
Customers have been losing their money at SBI ATMs and this has forced the bank to release ad highlighting the dos and don'ts.
The largest lender State Bank of India (SBI) has taken a series of measures when it comes to bank ATM transactions to ensure that its customers do not lose their money to fraud. In a latest move it has been revealed that, SBI has halved daily ATM withdrawal limit up to Rs 20,000 from previous Rs 40,000. The reason cited by the bank to do this is to stop ATM frauds. Not only, this SBI also recently asked its customers to apply for a new SBI EMV Chip Debit Card. However, considering SBI is concerned over fraud arising at ATMs, the bank has laid out 12 golden mantras or rules for its customers to ensure they don't get the shock of their lives about losing money:
SBI ATM Card Safety Tips
1. Please sign on the reverse of the card immediately on receipt. (Reuters)
SBI ATM Card Safety Tips
3. Never keep the PIN with the debit card or write on it. Always memorize it. (Reuters)
SBI ATM Card Safety Tips
4. Do not provide the ATM card and PIN details to anyone, including Bank/IBA/RBI/Govt. agency/family/friends, etc. Bank or any other institution will never ask for this information. (Reuters)
SBI ATM Card Safety Tips
2. Change your ATM PIN regularly. (Reuters)
SBI ATM Card Safety Tips
5. Do not let strangers come in to the ATM room or take their help to complete the transactions. (Reuters)
SBI ATM Card Safety Tips
6. Hide the keypad while keying in your PIN at ATM/POS terminals. (Reuters)
SBI ATM Card Safety Tips
7. Do not throw your transaction slip in the ATM room as it contains your account information. (Reuters)
SBI ATM Card Safety Tips
8. Always wait till the ATM returns to the idle mode and the green light is blinking. (PTI)
SBI ATM Card Safety Tips
9. Insist on swiping your card in your presence in hotels/shops/malls, etc. (PTI)
SBI ATM Card Safety Tips
10. Never swipe your card at POS machines kept at unknown temporary stalls. (Reuters)
SBI ATM Card Safety Tips
11. Block and destroy your old card, when you get a new one. Register your mobile number at the Branch to get SMS alerts for all transactions. (PTI)
SBI ATM Card Safety Tips
12. Hotlist your card immediately on losing it by calling 1800 425 3800 or 1800 11 22 11. (PTI)