Debit card PIN for shopping from today

New Delhi, Dec 1: From today, punching your debit card PIN for your shopping is mandatory - mere swiping it will not suffice.

For now, the Personal Identification Number (PIN) requirement is only for debit cards. As for credit cards, this has been made mandatory for international transactions including on the internet. In cases of international transactions and on internet, users will have to replace their existing credit cards with the EMV (Europay, Master card and Visa) chip card and get a PIN.

The usage will be as follows: first, merchants will swipe the cards at a PIN enabled PoS terminal and punch in the transaction amount. That will be followed by customers entering their PINs to complete the transaction.

The mandatory PIN punching is part of the RBI guidelines. The RBI had in June this year floated the guidelines but extended them till November 30 as banks needed more time to gear up for the new usage.

The RBI took step following a spate of ATM card frauds. In view of increasing frauds, an RBI working group had come up with three solutions which also included EVM chip card but the PIN punching was adopted because it does not pose any additional cost on consumers, a source familiar to the development, said.

Banking back-end sources pointed out that this was also done because of skimming indulged in by unscrupulous retailers.

Comments

Add new comment

Coastaldigest.com reserves the right to delete or block any comments.
Coastaldigset.com is not responsible for its readers’ comments.
Comments that are abusive, incendiary or irrelevant are strictly prohibited.
Please use a genuine email ID and provide your name to avoid reject.

DK-Udupi local authorities' constituency by-poll: 4 candidates – Cong, BJP, SDPI, Ind – in fray

News Network

October 8,2024

Mangaluru: The by-election to the legislative council from the Dakshina Kannada and Udupi local authorities' constituency will be a contest among four candidates. An independent candidate, Muhammed Riyaz, has withdrawn his nomination on Monday, the last day for withdrawal.

Deputy commissioner Mullai Muhilan MP stated that candidates Kishore BR (BJP), Raju Poojary (Congress), Anwar Sadat S (SDPI), and Dinakar Ullal (independent) will be in the fray.

Polling will be held at 392 booths in Dakshina Kannada and Udupi districts between 8am and 4pm on Oct 21.

A total of 6,032 voters from Dakshina Kannada and Udupi are eligible to vote. While there will be 234 polling booths in Dakshina Kannada, Udupi will have 158 stations. Gram panchayat members, corporators of the Mangaluru City Corporation, members of city municipal councils, town municipal councils, town panchayats, MLAs, MLCs, and Lok Sabha members are eligible to vote.

Election observer of the Election Commission of India (ECI), Pankaj Kumar Pandey, reviewed the poll preparations at the deputy commissioner's office on Monday. He issued directions to officials regarding arrangements to be made during the election and counting of votes.

The deputy commissioner stated that out of 6,032 voters, 3,127 are women and 2,905 are men. He said the counting of votes will be held at St Aloysius PU College in the city on Oct 24.

Udupi deputy commissioner Vidya Kumari K, city police commissioner Anupam Agrawal, Dakshina Kannada ZP CEO Anandh K, Dakshina Kannada SP Yathish N, Udupi SP Arun K, and additional deputy commissioners Santhosh Kumar G and Mamatha Devi were present.

Comments