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Loss of credit card can be a big problem, get blocked like this

Credit Card Lost: In today’s time, the use of credit card, debit card has increased very fast. People nowadays prefer to use credit cards instead of doing cash transactions. But, if this card is lost somewhere then it can cause big trouble. Along with this, if this card is put in wrong hands then you can suffer a big loss. The central bank i.e. Reserve Bank of India has set a rule to block the credit card if it is lost.

According to RBI, if the credit card is blocked, it should be blocked as soon as possible. You have to provide the last credit card transaction details. For this, you will have to inform the bank about the theft or loss of the card to the bank.

block card from mobile app
Many banks in the country like SBI (State Bank of India) and Punjab National Bank (Punjab National Bank) allow their customers to block cards through their mobile apps SBI YONO and PNB One app. Apart from this, other banks also provide this facility to the customers. At the same time, you can also get the credit card blocked by calling the customer care instead of the mobile app. But, keep in mind that the customer care number of the bank should be taken from the official website of the bank only.

After blocking the card, issue a new card
Let us tell you that if your credit card is lost, then block it as soon as possible. After that you can get another card on that bank account. The bank issues a duplicate credit card to the customer. While applying for a new card, keep in mind that if your existing address has changed, mention the new address in your application form. Otherwise it will be delivered to the old address only.

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