Tech Knowledge:- You need to be very careful when using plastic money ie Debit or credit card. Deceptors are inventing new ways to steal your money...
The use of plastic money i.e. credit and debit cards has left behind a lot of cash purchase data. As the trend of plastic money is increasing, the risks of fraud have also increased. The main reason for this is the lack of digital banking literacy. Today we will tell you where you can use plastic money and what are its benefits. Along with this, know what kind of fraud can be with you and what is the way to avoid them.
Where can I use:
Wherever the debit and credit card can be used, it is better to know where it can not be used. Yes, there is no such place where plastic money is not accepted unless the vendor has its facility. After the note-taking, the street-street shopkeepers are also carrying swipe machines. Yes, its limits are definitely.Debit Card Limit and Charges:
Like the classic debit of State Bank and shopping cart, you can use a minimum of 500 rupees and a maximum of Rs 40000 daily. The bank does not charge any fee for issuing it, although in the name of maintenance 100 rupees annually and service tax extra. Limits and fees may vary in other banks.Credit Card Limit and Charges:
Most credit card companies allow cardholders to spend up to a certain limit above the credit limit. But in most cases, this extra limit is used to get surcharge or additional interest within one month. To issue a credit card, you are given a form to fill. It contains details of your personal details besides employment and income etc. Based on this particular detail, the credit card company first checks your civil TransUnion score and civil report. Through it, the record and history of your borrowing and repayment are known. If your civil TransUnion score is favorable to the credit card company's deduction limit, after satisfaction with it, it proceeds towards revising the interest rate and conditions to be collected in addition to your credit card limit. You can spend up to a certain limit by crossing the credit card limit, but it takes surcharges or additional interest.How-to fraud:
Before using plastic money, you should know how fraud can be with you.- Frauder can often call you and find information related to your card like card number, CVV, expiry date etc.
- Skimming: Skimming device is installed in the card reader slot of ATM. When you put your card in the machine, this device stole all your data. Fraudsters can also know your PIN by putting a camera near the machine.
- Card trapping: This is a barb or a fork. Through this, your card is trapped in the machine. It can be removed later.
Shoulder Surfing: If someone comes to help you when needed in the ATM booth, he can try to see your piracy steal.
- Writing Confidential Information: If you have written on your PIN card and you forget him somewhere then understand that you have simplified the job of the thief.
Online transaction:
- Your phone or computer stores your data while e-shopping or online payments.Apart from this, you can also be framed with phishing, public WiFi, malware, unsafe applications.
How to Avoid Fraud:-
Keep Care while Using ATM:
- Before using ATM, check that the machine is damaged, more old, open, broken and not so.- Cover the keypad of ATM while inserting a pin
- Do not help anyone while using ATM
- Do not let anyone else in the ATM booth come with you. However, it is written in most booths that once in a single customer booth. If still somebody comes after you, then refuse him.
Online caution:
- Use a secure website (Avoid giving details of your card to the websites of the URLs that begin with http: //. Give your card details on the website that starts with https: //).- Keep anti-virus updates
- Use virtual keypad when inserting a three-digit CVV number on the back of a card on a website
- Do not use public WiFi while online transactions
- Keep alert of every transaction alert. Can contact your bank for this.
- Change the password from time to time. However, at some intervals, your password automatically expands on many bank websites. You are asked for an old password before you create a new password when you log in.
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