In today’s era, cyber crimes are increasing rapidly. One small mistake can drain your entire bank account. Especially, when it comes to ATM cards or credit cards, you need to be extra careful.
RBI warning regarding CVV number
The 3 digit CVV number (Card Verification Value) present on your ATM or credit card is very important.
- This number is used to verify the card while making online payment.
- If this number comes into the hands of a fraudster, they can use it to empty your bank account.
RBI advice:
- Do not leave the CVV number written on the card.
- Note it down somewhere safe and erase it from the card.
- By doing this, fraud can be avoided if the card is stolen or lost.
Avoid saving cards
Saving card details on online platforms can also increase the risk.
- When you make online payments, platforms often ask you whether your card should be saved.
- Avoid doing this because:
- If the platform is not secure, your card details may be leaked.
- This can become an easy opportunity for cyber criminals.
- Experts advise to never save the card on unnecessary platforms.
Additional Tips for Safety
- Do not share OTP:
Never share your one-time password (OTP) with anyone. - Beware of Customer Care Calls:
Avoid fake customer care calls. Real banks never ask for your personal information like PIN or CVV. - Avoid phishing links:
Avoid clicking on unknown links. These may be meant to steal your card details. - Use the card locking feature:
If your card is lost, get it locked immediately. - Use a secure network:
Always transact online using secure WiFi or mobile data.
