For security reasons, your session has been timed out. To continue, Please login.
The EMV Chip And Pin Cards Explained
Kotak Mahindra credit card customers now can enjoy an extra protection and comfort with the KOTAK Visa chip credit card. The customer can now feel secure with the EMV chip and PIN card because this card is difficult to be tampered and it is also impossible to be copied. It also protects the card from fake use and scanning frauds.
What is a chip and PIN card?
New cards feature EMV, a new technology which is being used in credit and debit cards to enhance security and bring about a reduction in frauds and misuse of the card by anyone at the time of making any transactions where the card is present. It sets the global payment facility by reducing the risk of any misuse of the card.
The chip embedded in the card protects the Kotak bank credit cards from being scanned/cloned as in case of the magnetic strip card and the PIN protects the card from getting used in case you lose it.
What is a PIN?
PIN or the Personal Identification Number is a six digit number that the customer receives after seven days of receiving the chip card. The customer can further generate or change the PIN through net or mobile banking as well as Interactive Voice Response.
The PIN is very important for any POS use of the Kotak bank credit card like at fuel stations, supermarkets, departmental stores etc. and for the cash withdrawals at the ATM’s with the Kotak bank credit cards. The PIN number should not be shared with anybody and the customer should remember that the credit card ATM PIN is different from the debit card ATM PIN.
What to do with the old card(s)?
After you have received and activated the new card, the old card should be securely disposed off.
How do the new Chip and PIN credit cards work?
A Chip card works just like an ordinary card but with a new feature of a microchip being embedded in it.
The same is required to be inserted in the card reader at the time of making any transactions and it does not required to be swiped.
How does the credit card with Chip and PIN work?
Do’s for a Kotak Chip And Pin Card
Don’ts for a Kotak Chip and Pin Card