Watch out for credit card fraud
Over the past few years, there has been a dramatic surge in credit card fraud cases. To reduce the danger of fraud, you must be informed and take safeguards whenever you use a credit card. Here are some recommendations for protecting yourself from credit card fraud.
Never divulge a credit card number.
Never divulge your interest banking passwords, mobile banking passwords, or credit card PINs to anybody, including close relatives or friends. You should refrain from giving your credit card information, even if you get a message or email asking you to. Be aware that a bank or other financial institution will never request such information. Give bank representatives or the hotline number listed on the back of your card your credit card information only if necessary, said HDFC Bank.
You can now establish a card limit to control how much you can spend. You can choose to set different restrictions for using ATMs, swiping cards at retail locations, making purchases online, using contactless technology, and making overseas transactions. Make good use of this facility. Do keep in mind that you can halt a feature and resume it as needed; for example, foreign transactions can only be active when travelling internationally.
Use several cards for automatic payments and daily purchases
Use one credit card, if you have any, just for automated payments, such as phone bills, membership fees, EMIs, and so forth. Don’t make any other purchases with this card. By doing this, you will guard against readers at gas pumps, restaurant servers, and retail stores. For daily use with set limits, you can use another card.
Be cautious and refrain from using credit cards when using public wifi
A healthy habit is to review your credit card statement each month. Check your bills for any discrepancies, mysterious charges, or transactions, advises the HDFC Bank website, and report them to your credit card provider. It continued, “In case of theft or fraud, notify the incident right once to prevent paying for the purchases done on the card.
Not to worry – Avoid rushing – Do not rely on free public WiFi.
Public Wi-Fi makes it simple for hackers to login and monitor your every move, including the passwords and account information you type while connected.
Scammers typically send emails or messages asking credit card holders to pay taxes, bills, or penalties in order to earn a sizable prize. Do not freak out if you receive such a call or message. Additionally, don’t pay right away. Don’t let a tempting offer or deal fool you.
Important measures to safeguard yourself from credit card fraud
![In light of the Supreme Court's EWS ruling, a petition seeks tax exemption for low-income families. The Madras HC issued Notice to the Union Government. Given the recent Supreme Court (SC) decision upholding the validity of the 103rd Constitutional Amendment providing reservation to economically weaker sections (EWS) of society with gross annual income below Rs7,99,999, the Madurai Bench of the Madras High Court (HC) has requested the response of the Centre on a petition (Case No: WP(MD) 26168 of 2022) challenging the fixation of Rs2,50,000 as the base income for the purpose of collecting income-tax. On Monday, the justice R Mahadevan and justice Sathya Narayana Prasad bench adjourned the case for four weeks and directed notice to the union ministries of law and justice, finance, personnel, and public grievance. Agriculturist and asset protection council member Kunnur Seenivasan, the petitioner, asked the court to invalidate the First Schedule, Part-I, paragraph-A of the Finance Act of 2022, which sets the rate of I-T. According to the Schedule, anyone whose combined income is less than Rs. 2,50,000 is free from paying tax. The petitioner contested this Schedule in light of the recent Supreme Court ruling in Janhit Abiyan v. Union of India, which upheld the 10% reservation for the economically backward community while also confirming that a family from a socially forward community with income up to the limit of Rs. 7,99,999 per year, excluding assets, is an EWS family. In his petition, the petitioner made clear that if the government decided to classify a certain group or section of people as EWS in order to receive reservations by establishing gross income, the same standard should be applied to all other groups of people and it shall not collect I-T from all EWS individuals. Therefore, it is necessary to declare the First Schedule, Part-I, paragraph-A of the Finance Act, 2022, [No. 6 of 2022], as ultra-vires and in violation of Articles 14, 15, 16, 21 and 265 of the Indian Constitution. In his suit, Mr. Seenivasan also stated that the objectives of other provisions found in Articles 15 and 16 of the Indian Constitution were defeated by the office memorandum issued by the Centre setting Rs 8,00,000 per year as the condition for economic reservation. The current I-T Act schedule is against the SC ruling since it would result in taxing the economically underprivileged citizens, who would then be unable to compete with those from the forward community in terms of status, education, or economics. Honourable Supreme Court maintains the constitutionality of the EWS quota in a majority decision. The Supreme Court ruled that the 10% EWS quota for the "poorest of the poor" among advanced castes posed no threat to the Constitution's Basic Structure. The 103rd Constitutional Amendment, which grants 10% reservation in government jobs and educational institutions to the "economically weaker sections of the society," was upheld by the Supreme Court's Constitution Bench in a 3:2 majority decision. However, it does not apply to the "poorest of the poor" among Scheduled Castes (SC), Scheduled Tribes (ST), Socially and Educationally Backward Classes (SEBC), and Other Backward Classes (OBC). The majority opinions on the five-judge bench were presented by Justices Dinesh Maheshwari, Bela M. Trivedi, and J.B. Pardiwala during an hour-long session that marked the first time a Constitution Bench decision was live aired. On his final day of employment, Chief Justice U.U. Lalit and Justice S. Ravindra Bhat presented the minority opinion that Justice Bhat had written. Justice Maheshwari took the broad view that reservation was a "instrument of affirmative action by the state" and should not be limited to just SCs, STs, SEBCs, and the non-creamy layer of OBCs, but also include "any class or sections so disadvantaged as to answer the description of "weaker section"" when addressing whether reservation on the sole basis of economic criteria violated the Basic Structure of the Constitution. The legislature "understands and recognises the demands of its own people," Justice Trivedi said. The three judges who made up the majority ruled that the Constitution's Basic Structure was not violated by reservations based solely on economic considerations. Justice Bhat and Chief Justice Lalit, who were in the minority, stated that while quota based on economic deprivation, destitution, and poverty were "per se permissible/valid" and even "constitutionally indefeasible," "othering" of socially and educationally disadvantaged classes, such as the SC/ST/OBC/SEBC communities on the grounds that they already benefit from a pre-existing 50% reservation on the basis of their caste and class origins The majority of the economically disadvantaged sector of society, according to government figures, belonged to SC/ST/SEBC/OBC, hence such an exclusion was simply "Orwellian," according to him. He said that of the country's 31.7 crore people living below the poverty line, the SCs make up 38% of the population, the STs 48.4%, and the OBCs 13.86%. Only 5.85% of people who live below the poverty line (BPL) belong to the forward castes or unreserved group. The petitioners had stated that only the "middle class" of the advanced castes who earned less than 8 lakh as a household annually were left to benefit from the EWS quota due to the exclusion of SC/ST/SEBC/OBC. It is impossible to describe the Amendment as a stunning, cynical perversion of equal justice. Equals cannot be handled unequally, and vice versa for inequalities. Treating unequals fairly will violate Article 14's equality clause, according to Justice Trivedi. The claim that the 10% EWS quota will exceed the 50% reservation cap was rejected by Justice Maheshwari. He said that the Supreme Court's 50% rule, established in the 1992 Indira Sawhney decision, was "not rigid." Furthermore, it had not been applied to the general category but just to the SC/ST/SEBC/OBC communities. But Justices Maheshwari and Bhat concurred that the state had the authority to enact unique rules for implementing reservation in for-profit schools, including professional colleges. The Amendment "cannot be considered to contravene Basic Structure by allowing the state to adopt special rules in connection to admission to private unaided institutions," according to Justice Maheshwari. Reservation cannot "per se be in violation of the Basic Structure" in institutions where education is provided, according to Justice Bhat. He said that if not for the exclusion of the other backward classes, the Amendment would be lawful.](https://caalokkumar.com/my-writing/wp-content/uploads/2022/12/Screenshot-2022-12-16-at-7.25.11-PM-150x150.png)