Recent studies have shown that the use of debit and credit cards has been steadily rising in the country. The availability of debit and credit cards on easy terms, e-wallets and various digital platforms are fast pushing the country towards a cashless economy.

The ease of payments, acceptance as a form of payment, cash backs and rewards and convenience are some of the top reasons why debit cards are so popular.

As per a survey conducted by Indian Computer Emergency Response Team in 2017, one cyber crime takes place in the country every 10 minutes.

Such facts makes one wonder whether the country is ready to become cashless.

What banks are doing

At the same time, banks like the Union Bank of India have in place a stringent framework to protect their client’s money and privacy.

The bank enables its clients to hot-list or block a debit card in case it is stolen, misplaced, damaged or misused.

How to block a debit card

In case one realizes that their debit has been stolen or is being used by an unauthorized person, they should immediately block it. The Union Bank of India enables its clients to block their debit cards by using the following steps:

Phone banking

How to unblock or reset passwords

One Response

  1. KINDLY BLOCK DEBIT CARD LINKED TO MY SB A/C. MY NAME IS DEVARU MAHABALESHWAR BHAT. I NEVER RECEIVED THIS CARD WHICH IS LINKED TO MY ACCOUNT. .

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