Banks are offering schemes that provide customers coverage

Banks are offering schemes that provide customers coverage of fraudulent transactions in case of loss or theft of credit and debit cards. Two banks – Citi bank and Kotak bank jointly with CPP Assistance Services Pvt Ltd., a UK based company are providing this facility. Card Protection Programme is one that assists customers by blocking all debit and credit cards in case of theft or loss seven days before and after reporting. ( source BL 281208)