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ATM PIN mandatory for purchase using Debit Card




As per RBI guideline from 1st December, 2013, ATM PIN will be mandatory for purchase using debit card. Prime intention here is to make your debit card transaction more secure.

Earlier we use to give debit card at retail outlet and merchant use to swipe the card to complete the transaction but now additional security layer is introduced you need to enter your PIN to complete the transaction.


Purchase using Debit card – New Process

Debit card purchase

After making purchase you need to handover Debit card to merchant.

Step -1 – The merchant will insert the debit card in to PIN enable POS terminal and enter the amount paid by you.

Step -2 – The POS terminal will ask for ATM PIN.

Step -3 – Enter your ATM PIN on POS machine.

Step- 4 – On completion of transaction merchant will handover transaction slip and debit card to you.

Point to Remember:-

  1. Never disclose your PIN to anyone/merchant.
  2. When you are entering PIN make sure no one able to view/guess it.
  3. Change your Debit card PIN at regular interval.
  4. Keep watch on debit card when you handover it for payment.

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Shitanshu Kapadia
Shitanshu Kapadiahttp://moneyexcel.com/
Hi, I am Shitanshu founder of moneyexcel.com. I am engaged in blogging & Digital Marketing for 10 years. I am not a finfluencer. The purpose of this blog is to share my experience, knowledge and help people in managing money. Please note that the views expressed on this Blog are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment advice or legal opinion. We do not offer any stock tips, investment, insurance or finance product related advice.
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