Go and shop for Diwali without fear, 99.5% debit cards are safe: Govt
New Delhi: Trying to restore the festive mood before Diwali, the government has assured debit card holders that 99.5% debit cards are safe. This follows panic among card holders after security breach was reported in 32 lakh debit cards.
The finance ministry has said that most cards are completely safe except for few, so there is no need to panic.“Only about 0.5 per cent of total debit card details were compromised while remaining 99.5 cards are completely safe and bank customers should not panic,” Department of Financial Services Additional Secretary G C Murmu said.
here are around 60 crore debit cards operational in India, of which 19 crore are indigenously developed RuPay cards while the rest are Visa and Master Card enabled.
Since the data compromise has taken place from specific machine and specific time period, so it is just a limited issue and banks have asked their affected customers to replace their card or change PIN, he said, adding that other cards are not affected at all.