Most people use credit or debit cards for all offline and online transactions. However, carrying these cards in your pocket can be risky as they can be lost or stolen, leading to potential financial loss.
If your card is lost or stolen, it’s important to block it immediately to prevent unauthorized access to your bank account.
This can be done through your bank’s app or online banking website. The process typically involves:
- Selecting the ‘Block the Card’ option.
- Providing a reason for blocking the card.
- Completing an authentication process such as entering a password or OTP.
You can also block the card by contacting your bank via SMS, a toll-free number, or customer care. Refrain from blocking a lost or stolen card to avoid unauthorized transactions and potential financial trouble.
For example, if you receive a PIN, online transaction, or unknown ATM withdrawal request, you should immediately block the card to prevent unauthorized use.
Some banks automatically block a debit card for 24 hours after three failed PIN attempts. If you want to unblock your card later, you can do so through your bank’s branch, website, app, SMS, or phone.
The process typically involves:
- Applying for a new card.
- Paying any due fees.
- Completing verification through OTP or password.
Offline, you can visit your bank to apply for a new card, and the bank will send you a new one upon payment of the required fee.