hdfc-credit-cards

Skimming Fraud – HDFC Replacing Merchant Terminals – What about Malware Infected Retailers ?

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Malware-Infected-Retail-Card-MachinesHDFC Credit Cards, India’s Largest Issuer of VISA & MasterCard Credit Cards, with a portfolio of 6.4 Mn customers, in its internal investigation has found few Merchant Terminals where security was compromised and is thus replacing the same with newer ones. The Bank did not share the number of swiping machines that will be replaced. HDFC Bank has an installed base of 250,000 merchant terminals across India.

Skimming is the process of extracting Customer & Credit Card information stored on the Magnetic Stripe of the Card. Cards equipped with Chips are far more secure and

Read moreSkimming Fraud – HDFC Replacing Merchant Terminals – What about Malware Infected Retailers ?

Why You Must Not Subscribe to HDFC Ergo Insurance’s Credit Shield / Fraud Loss Cover ?

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HDFC Ergo Insurance for Credit CardHDFC Bank’s Credit Card Division is cross selling HDFC Group’s product. They sent to every customer of HDFC Credit Card an offer for subscription to Credit Shield and Fraud loss Cover from HDFC Ergo General Insurance Co.

What are the Features Offered by Credit Shield and Fraud loss Cover Insurance by HDFC Ergo ?

  • Fraud loss Cover upto 3.5 lac
  • Upto 5 lac of cover on ‘all’ loan outstanding with HDFC Bank (Credit Card, Personal Loan and Education loan) on accidental death / permanent total disability
  • Sum assured of 5 lac on accidental death / permanent total disability
  • Education grant of 25,000 (one kid < 21 yrs)
  • Total coverage is upto 13.75 lac

What is the premium they are Charging for the above Policy ?

Read moreWhy You Must Not Subscribe to HDFC Ergo Insurance’s Credit Shield / Fraud Loss Cover ?