Fact check: Will pressing cancel twice on ATM prevent PIN theft?

New Delhi, Apr 05: A post attributed to the RBI claims that pressing cancel twice on the ATM before a transaction can prevent a PIN theft.

The post attributed to the RBI says, " a very useful tip while withdrawing funds from an ATM. Press cancel button twice before entering the card. If anyone has set up the key pad to steal your PIN code, this will cancel that.

We did a Google search on this and found that no such statement has been issued by the RBI. Further we also could not find any articles which spoke about such a mechanism to prevent PIN theft.

The Press Information Bureau also said that this statement has not been issued by the Reserve Bank of India. Keep transactions secure, conduct the transfer in privacy and do not write your PIN on the card, PIB fact check also said.