Step 1: The merchant inserts your Credit Card in the Card slot at a PIN enabled POS terminal and enters the transaction amount Please follow the below process for a successful transaction: Once you enter the correct Credit Card PIN in the terminal, your transaction will be approved. When you use an EMV Chip & PIN Credit Card at a POS terminal which is enabled for PIN Transactions, the POS machine will prompt you to enter a 4 digit PIN. How will the EMV Chip & PIN Credit Card work?
In accordance with the RBI directive and for the enhanced security of your Credit Card, we request you to accept the new EMV Chip & PIN Credit Card. There is no additional fee required to be paid for an EMV Chip & PIN Credit Card.Ĭan I decide not to take this EMV Chip & PIN Credit Card?
The PIN will be known only to you and you need to enter the PIN at a POS terminal to authenticate and complete the transaction unlike your existing Chip Card.ĭo I have to pay a fee to get the EMV Chip & PIN Credit Card? The EMV Chip & PIN Card stores the Card member information and the PIN in an encrypted format. I already have a Chip Card, how is this EMV Chip & PIN Credit Card different? It provides an additional level of safety and security against counterfeit and skimming related fraud. How is the EMV Chip & PIN Credit Card more secure?ĮMV Chip & PIN Credit Card provides you enhanced security for all your domestic and international transactions, in line with the best global practices on security of transactions. It thus provides an additional layer of safety against counterfeit and skimming related fraud. The EMV Chip & PIN is a superior level of security on your Credit Card, in line with best global practices. This PIN is known only to the Cardholder thus providing enhanced security against possible misuse. This microchip stores the Card member information and the PIN in an encrypted format. Why am I being issued an EMV Chip & PIN Credit Card?Īccording to the recent RBI Mandate, all customers who have used their Credit Card(s) Internationally (either E-Commerce, POS (Point of Sale) or ATM transactions) or any new issuance of Debit/Credit Card(s) effective 1st December, 2013 will have to be issued an EMV Chip & PIN enabled Credit Card.Īn EMV Chip & PIN Credit Card is a Credit Card with an embedded microchip.