Enhanced Card Controls for Credit Cards

Enhanced Card Controls for Credit Cards

How it works

To enhance security of credit card transactions, the Reserve Bank of India has directed to provide card users the functionality to enable/disable certain features on their cards and to set transaction limit for different types of transactions; online, physical, and contactless, both domestic and international.

Federal Bank Credit card customers are allowed to enable/disable their cards and modify transaction limits within the overall card limit for all types of transactions for domestic and international for POS, ATMs, online and contactless transactions.

  • As per RBI Circular on Enhancing Security of Card Transactions, all new cards that are issued and re-issued will be enabled only for Point of Sale/Swipe and ATM transactions.
  • Customers can enable/disable Online, Contactless and International transaction functionalities seamlessly via Fedmobile.
  • Cards should be enabled by customer for Online/Ecommerce, Contactless and International transactions for seamless transaction experience.

Transactions at Your Finger Tips

The power to manage your card Transactions at your Fingertips on Fedmobile App

 

For Enabling/Disabling your Domestic and International transactions:

1. Login to FedMobile App, tap on the Credit Card Section.

2. Tap on ‘Manage Card’

3. Go to ‘Manage Your Card’

4. Here you can manage your ATM usage, Ecom, POS and Contactless transaction on Domestic & International usage. Tap on ‘Apply changes’ if you are enabling or disabling any of these transactions. Confirm the changes by clicking on ‘Yes’ on the pop-up that appears

 

For Setting Transaction Limits on Domestic and International transactions:

1. Tap on ‘Manage Transaction Limits’

2. Here you can set transaction limit for International/Domestic (POS, Ecom, Contactless, ATM withdrawal) by moving the slider as per your requirement. Tap on ‘Apply changes’ after setting the limit for ATM/POS/ECOM/Contactless transactions. Confirm the changes by clicking on ‘Yes’ on the pop-up box that appears.

 

* In case you are trying for any of the transactions viz. ECOM/POS/ATM/CONTACTLESS before enabling the same, you will immediately receive an SMS informing you that the transaction is declined as the facility is not enabled. You can easily enable the facility instantly by following the above mentioned steps.