[Cyber-security Awareness Series] The Magic Card

Ramnath was quite happy when he received the “card” from the bank. This was no ordinary “card” given to him. He could withdraw money from his account at any point of time by using this card and could also swipe it at any shop to buy goods for his family. The villagers thought it to be a Magic Card. You may think as to why would anyone consider a debit card as so special and extraordinary. Well, for Ramnath and other villagers in his village, this was the first time they had seen such a card. The bank had opened a new branch in this remote village and opened a new bank account for every villager under the “Khata Yojna” of the bank. Ramnath was also a beneficiary of this scheme. The villagers were then encouraged to deposit some amount in their bank accounts. Ramnath decided to put all his savings of Rs. 18000 in his bank account. He had saved this amount over years for the higher education of his only daughter, Kalavati. Kalavati wanted to be a doctor from childhood. She h