DEBIT/CREDIT CARDS PROTECTION

294°
Deal Subedar
sunnie

now a days banks offer card protection plan,
that too on emi

kyaa jamaana aa gya hey – bank is so confident of frauds, that they have to offer such card protection plans to customer

instead of finding out loopholes and getting that fixed, they have got protection plans for customer, in which again customer (cust sey marr) have to pay charges

26 Comments  |  
11 Dimers
  • Sort By
Deal Lieutenant Deal Lieutenant
Link Copied

What can banks do … if someone willingly provide card number and OTP to the fraudsters ? Things are not that easy and simple as it seems .

Pro Entertainer Pro Entertainer
Link Copied

@sunnie

Banks offer CPP plans similar to insurance. Though cards now come with some amount of protection & even RBI mandates banks to protect customer interest by giving time limit to reporting of fraud transactions.
Still when one looses wallet, bag etc with cards it becomes painful. Though I myself have not tried this (as we always feel why to spend on insurance & all) but these days these services are handy.
One must use their prudence & need before opting in it.

@Alpha.Barood
@disclaimer
@DealSeeker

Deal Captain Deal Captain
Link Copied

jab grahak hi ch**** ho to kya karein..
Off-topic 1 lakh Amazon wala le kar bhagne wale ka kya hua??

Deal Lieutenant Deal Lieutenant
Link Copied

Interesting story to share from back days (~10 years ago) .. My friend lost his Icici debit card , his card was used at POS and swiped for 6000 Rs . He filled a FIR , filled up some insurance form of the bank … after 2months he got the cheque of that amount .

Deal Captain Deal Captain
Link Copied
@bk08 wrote:

Interesting story to share from back days (~10 years ago) .. My friend lost his Icici debit card , his card was used at POS and swiped for 6000 Rs . He filled a FIR , filled up some insurance form of the bank … after 2months he got the cheque of that amount .


Cool… Good news. Excellent service

Deal Subedar Deal Subedar
Link Copied

Share my experience with kotak credit card ..
it was used somewhere in france without OTP .. for 40k. As soon as I got message of its usage I blocked the card
and informed bank about it. But still bank kept on pushing me to pay the bill. I disputed the transaction and but still bank kept on pushing
me to pay the bill. I denied . They send me the bill where it was used in France and asked me to pay it . It went on for 8 months.
But after 8 months they claimed from there insurance company and removed charges from my card.
So you take CPP or not , every bank has insurance for fraudulent transactions but claiming against them increases there premium
and hence they refuse to do that way.

Deal Captain Deal Captain
Link Copied

Surprising to listen your case, bank itself claimed insurance instead of forcing you. U r lucky https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif

Deal Subedar Deal Subedar
Link Copied
@srigem81 wrote:

Surprising to listen your case, bank itself claimed insurance instead of forcing you. U r lucky https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif


They were forcing me all the way but I kept on pushing back . As per RBI guidelines , we haven’t shared OTP/visa password then we are
not responsible. You keep on pushing them and tell them that u will go in RBI ombudsmen and fight the case. they will come around and agree but yes it will be a long process. it tool me 8 months to settle.

Shopping Friend Shopping Friend
Link Copied
@gotrajk wrote:

Share my experience with kotak credit card ..
it was used somewhere in france without OTP .. for 40k. As soon as I got message of its usage I blocked the card
and informed bank about it. But still bank kept on pushing me to pay the bill. I disputed the transaction and but still bank kept on pushing
me to pay the bill. I denied . They send me the bill where it was used in France and asked me to pay it . It went on for 8 months.
But after 8 months they claimed from there insurance company and removed charges from my card.
So you take CPP or not , every bank has insurance for fraudulent transactions but claiming against them increases there premium
and hence they refuse to do that way.


#Acha_kiya

Deal Captain Deal Captain
Link Copied

+1

Deal Subedar Deal Subedar
Link Copied
@gotrajk wrote:

@srigem81 wrote:

Surprising to listen your case, bank itself claimed insurance instead of forcing you. U r lucky https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif


They were forcing me all the way but I kept on pushing back . As per RBI guidelines , we haven’t shared OTP/visa password then we are
not responsible. You keep on pushing them and tell them that u will go in RBI ombudsmen and fight the case. they will come around and agree but yes it will be a long process. it tool me 8 months to settle.

I think, many people are not aware about such process..

Deal Subedar Deal Subedar
Link Copied
@A2Zdeals wrote:

@sunnie

Banks offer CPP plans similar to insurance. Though cards now come with some amount of protection & even RBI mandates banks to protect customer interest by giving time limit to reporting of fraud transactions.
Still when one looses wallet, bag etc with cards it becomes painful. Though I myself have not tried this (as we always feel why to spend on insurance & all) but these days these services are handy.
One must use their prudence & need before opting in it.

@Alpha.Barood
@disclaimer
@DealSeeker


better to use hdfc card. we can fix daily limit or transaction limit through net banking. And best part is – activation or deactivation can be done instantly through netbanking. Better to open limit as and when required. To avoid high value fraud, we can fix around 10-20K as limit.

Critic Critic
Link Copied
@sunnie wrote:

@A2Zdeals wrote:

@sunnie

Banks offer CPP plans similar to insurance. Though cards now come with some amount of protection & even RBI mandates banks to protect customer interest by giving time limit to reporting of fraud transactions.
Still when one looses wallet, bag etc with cards it becomes painful. Though I myself have not tried this (as we always feel why to spend on insurance & all) but these days these services are handy.
One must use their prudence & need before opting in it.

@Alpha.Barood
@disclaimer
@DealSeeker


better to use hdfc card. we can fix daily limit or transaction limit through net banking. And best part is – activation or deactivation can be done instantly through netbanking. Better to open limit as and when required. To avoid high value fraud, we can fix around 10-20K as limit.


As a HDFC card owner I am very happy. If I do an international transaction which is suspicious to them(less known website) or a POS never used before, they call me immediately to verify that it’s a valid transaction. I can additionally manage my card online. Though reaching CC is bit of a PITA.

Deal Subedar Deal Subedar
Link Copied
@thrifty_indian wrote:

@sunnie wrote:

@A2Zdeals wrote:

@sunnie

Banks offer CPP plans similar to insurance. Though cards now come with some amount of protection & even RBI mandates banks to protect customer interest by giving time limit to reporting of fraud transactions.
Still when one looses wallet, bag etc with cards it becomes painful. Though I myself have not tried this (as we always feel why to spend on insurance & all) but these days these services are handy.
One must use their prudence & need before opting in it.

@Alpha.Barood
@disclaimer
@DealSeeker


better to use hdfc card. we can fix daily limit or transaction limit through net banking. And best part is – activation or deactivation can be done instantly through netbanking. Better to open limit as and when required. To avoid high value fraud, we can fix around 10-20K as limit.


As a HDFC card owner I am very happy. If I do an international transaction which is suspicious to them(less known website) or a POS never used before, they call me immediately to verify that it’s a valid transaction. I can additionally manage my card online. Though reaching CC is bit of a PITA.


Any idea on their mobile app?

Critic Critic
Link Copied
@sunnie wrote:

@thrifty_indian wrote:

@sunnie wrote:

@A2Zdeals wrote:

@sunnie

Banks offer CPP plans similar to insurance. Though cards now come with some amount of protection & even RBI mandates banks to protect customer interest by giving time limit to reporting of fraud transactions.
Still when one looses wallet, bag etc with cards it becomes painful. Though I myself have not tried this (as we always feel why to spend on insurance & all) but these days these services are handy.
One must use their prudence & need before opting in it.

@Alpha.Barood
@disclaimer
@DealSeeker


better to use hdfc card. we can fix daily limit or transaction limit through net banking. And best part is – activation or deactivation can be done instantly through netbanking. Better to open limit as and when required. To avoid high value fraud, we can fix around 10-20K as limit.


As a HDFC card owner I am very happy. If I do an international transaction which is suspicious to them(less known website) or a POS never used before, they call me immediately to verify that it’s a valid transaction. I can additionally manage my card online. Though reaching CC is bit of a PITA.


Any idea on their mobile app?


As in? I didn’t like their app. I uninstalled it.

Deal Cadet Deal Cadet
Link Copied
@gotrajk wrote:

@srigem81 wrote:

Surprising to listen your case, bank itself claimed insurance instead of forcing you. U r lucky https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif


They were forcing me all the way but I kept on pushing back . As per RBI guidelines , we haven’t shared OTP/visa password then we are
not responsible. You keep on pushing them and tell them that u will go in RBI ombudsmen and fight the case. they will come around and agree but yes it will be a long process. it tool me 8 months to settle.

Have you verified whether the transactions are settled in Cibil report? So, for all these 8 months they were adding interest in Credit card statement?

Deal Subedar Deal Subedar
Link Copied
@john78 wrote:

@gotrajk wrote:

@srigem81 wrote:

Surprising to listen your case, bank itself claimed insurance instead of forcing you. U r lucky https://cdn1.desidime.com/assets/textile-editor/icon_smile.gif


They were forcing me all the way but I kept on pushing back . As per RBI guidelines , we haven’t shared OTP/visa password then we are
not responsible. You keep on pushing them and tell them that u will go in RBI ombudsmen and fight the case. they will come around and agree but yes it will be a long process. it tool me 8 months to settle.

Have you verified whether the transactions are settled in Cibil report? So, for all these 8 months they were adding interest in Credit card statement?

yes I got cibil report after that and confirmed it didn’t reflected there .
and then I cancelled the card https://cdn2.desidime.com/assets/textile-editor/icon_toungueout.gif

Deal Subedar Deal Subedar
Link Copied
@thrifty_indian wrote:

@sunnie wrote:

@thrifty_indian wrote:

@sunnie wrote:

@A2Zdeals wrote:

@sunnie

Banks offer CPP plans similar to insurance. Though cards now come with some amount of protection & even RBI mandates banks to protect customer interest by giving time limit to reporting of fraud transactions.
Still when one looses wallet, bag etc with cards it becomes painful. Though I myself have not tried this (as we always feel why to spend on insurance & all) but these days these services are handy.
One must use their prudence & need before opting in it.

@Alpha.Barood
@disclaimer
@DealSeeker


better to use hdfc card. we can fix daily limit or transaction limit through net banking. And best part is – activation or deactivation can be done instantly through netbanking. Better to open limit as and when required. To avoid high value fraud, we can fix around 10-20K as limit.


As a HDFC card owner I am very happy. If I do an international transaction which is suspicious to them(less known website) or a POS never used before, they call me immediately to verify that it’s a valid transaction. I can additionally manage my card online. Though reaching CC is bit of a PITA.


Any idea on their mobile app?


As in? I didn’t like their app. I uninstalled it.


same here, i installed before few months but removed within a weeks time.

just asked if they got something new.. (user friendly)

Deal Subedar Deal Subedar
Link Copied
@sunnie wrote:

@thrifty_indian wrote:

@sunnie wrote:

@thrifty_indian wrote:

@sunnie wrote:

@A2Zdeals wrote:

@sunnie

Banks offer CPP plans similar to insurance. Though cards now come with some amount of protection & even RBI mandates banks to protect customer interest by giving time limit to reporting of fraud transactions.
Still when one looses wallet, bag etc with cards it becomes painful. Though I myself have not tried this (as we always feel why to spend on insurance & all) but these days these services are handy.
One must use their prudence & need before opting in it.

@Alpha.Barood
@disclaimer
@DealSeeker


better to use hdfc card. we can fix daily limit or transaction limit through net banking. And best part is – activation or deactivation can be done instantly through netbanking. Better to open limit as and when required. To avoid high value fraud, we can fix around 10-20K as limit.


As a HDFC card owner I am very happy. If I do an international transaction which is suspicious to them(less known website) or a POS never used before, they call me immediately to verify that it’s a valid transaction. I can additionally manage my card online. Though reaching CC is bit of a PITA.


Any idea on their mobile app?


As in? I didn’t like their app. I uninstalled it.


same here, i installed before few months but removed within a weeks time.

just asked if they got something new.. (user friendly)


there app is pathetic ..

Critic Critic
Link Copied
@sunnie wrote:

@thrifty_indian wrote:

@sunnie wrote:

@thrifty_indian wrote:

@sunnie wrote:

@A2Zdeals wrote:

@sunnie

Banks offer CPP plans similar to insurance. Though cards now come with some amount of protection & even RBI mandates banks to protect customer interest by giving time limit to reporting of fraud transactions.
Still when one looses wallet, bag etc with cards it becomes painful. Though I myself have not tried this (as we always feel why to spend on insurance & all) but these days these services are handy.
One must use their prudence & need before opting in it.

@Alpha.Barood
@disclaimer
@DealSeeker


better to use hdfc card. we can fix daily limit or transaction limit through net banking. And best part is – activation or deactivation can be done instantly through netbanking. Better to open limit as and when required. To avoid high value fraud, we can fix around 10-20K as limit.


As a HDFC card owner I am very happy. If I do an international transaction which is suspicious to them(less known website) or a POS never used before, they call me immediately to verify that it’s a valid transaction. I can additionally manage my card online. Though reaching CC is bit of a PITA.


Any idea on their mobile app?


As in? I didn’t like their app. I uninstalled it.


same here, i installed before few months but removed within a weeks time.

just asked if they got something new.. (user friendly)


No idea. I saw another app(offline) but never tried.

Deal Cadet Deal Cadet
Link Copied

Simple tips -

1. Block international transactions on your CC/DC. When you need to do any such transaction, only then you unblock it.
2. Set a maximum transaction limit.

Also a good thing to do is to write card details (not CVV and expiry date) on a plane paper along with the contact details of the customer care or the fraud management centre of the card issuer. Keep the paper in your home at all times. Best is to memorize the card no.

Deal Cadet Deal Cadet
Link Copied
@ymind13 wrote:

Simple tips -

1. Block international transactions on your CC/DC. When you need to do any such transaction, only then you unblock it.
2. Set a maximum transaction limit.

Also a good thing to do is to write card details (not CVV and expiry date) on a plane paper along with the contact details of the customer care or the fraud management centre of the card issuer. Keep the paper in your home at all times. Best is to memorize the card no.


I written to my bank to block international transactions because never going anywhere in life. But Bank said there is no such thing.

Deal Cadet Deal Cadet
Link Copied
“@…A… ":http://www.desidime.com/users...69 wrote:

@ymind13 wrote:

Simple tips -

1. Block international transactions on your CC/DC. When you need to do any such transaction, only then you unblock it.
2. Set a maximum transaction limit.

Also a good thing to do is to write card details (not CVV and expiry date) on a plane paper along with the contact details of the customer care or the fraud management centre of the card issuer. Keep the paper in your home at all times. Best is to memorize the card no.


I written to my bank to block international transactions because never going anywhere in life. But Bank said there is no such thing.


Don’t ask bank. There will be an option for this in your account online. Check. Which credit card do you use?

Deal Cadet Deal Cadet
Link Copied
@ymind13 wrote:

“@…A… ":http://www.desidime.com/users...69 wrote:

@ymind13 wrote:

Simple tips -

1. Block international transactions on your CC/DC. When you need to do any such transaction, only then you unblock it.
2. Set a maximum transaction limit.

Also a good thing to do is to write card details (not CVV and expiry date) on a plane paper along with the contact details of the customer care or the fraud management centre of the card issuer. Keep the paper in your home at all times. Best is to memorize the card no.


I written to my bank to block international transactions because never going anywhere in life. But Bank said there is no such thing.


Don’t ask bank. There will be an option for this in your account online. Check. Which credit card do you use?


I searched in Stan Chart but there was nothing. So I wrote to bank and they also denied same.

Deal Subedar Deal Subedar
Link Copied
“@…A… ":http://www.desidime.com/users...69 wrote:

@ymind13 wrote:

“@…A… ":http://www.desidime.com/users...69 wrote:

@ymind13 wrote:

Simple tips -

1. Block international transactions on your CC/DC. When you need to do any such transaction, only then you unblock it.
2. Set a maximum transaction limit.

Also a good thing to do is to write card details (not CVV and expiry date) on a plane paper along with the contact details of the customer care or the fraud management centre of the card issuer. Keep the paper in your home at all times. Best is to memorize the card no.


I written to my bank to block international transactions because never going anywhere in life. But Bank said there is no such thing.


Don’t ask bank. There will be an option for this in your account online. Check. Which credit card do you use?


I searched in Stan Chart but there was nothing. So I wrote to bank and they also denied same.


I think, other than HDFC no other bank provides such option.

Deal Subedar Deal Subedar
Link Copied

axis bank provides domestic card

replyuser
Click here to reply
Reply