Mandatory punching of PIN

Mandatory punching of debit card PIN number after swiping with regard to use of debit card at retail outlets.....
# This is intended to make bank debit card transactions more secure...!!!
# The Reserve Bank of India (RBI) had extended the deadline for implementation of mandatory PIN punching at Point-of-Sales (PoS) and merchant outlets till 30 November 2013 following representation of banks....!!!
# According to the report of a RBI working group early cases of domestic counterfeit and skimming are being observed as far as debit cards are concerned....!!!
# Card skimming is the illegal copying of information from the magnetic strip of a credit/debit card....!!!
- Misra Raahul