These new risk-mitigation tools will protect you from banking frauds

Using these new tools, switch off usages you don't require and set limits on others

A few significant changes will be introduced from September 30 that will provide debit and credit card users better protection against frauds by allowing them to exercise greater control over these instruments. Your bank might have already activated these risk-mitigation features. If not, it will do so soon.   

According to Rajesh Mirjankar, managing director and chief executive officer (CEO), Infrasoft Technologies, a fintech digital solutions provider for the banking and financial sector, “These changes will empower customers and make their cards more secure.”

What’s new: These rules apply to existing cards, new ones and to those that have been renewed recently.