ATM Myth vs Reality: Does pressing the Cancel button after withdrawing cash really keep your PIN safe?

ATM Myth vs Reality: UPI has become an easy payment option for everyone these days, but the need to withdraw money from ATMs still exists. Often, after withdrawing money, we press the cancel button to keep our PIN safe, but does doing so really protect our PIN? Let's find out the truth behind this.

Pressing the Cancel Button: Myth or Reality?
Even though we are now in the digital age, we still need cash in many places, and we use ATMs to withdraw this cash. Yes, whether in villages or cities, the need for cash remains in many places. For quite some time, claims have been circulating on social media regarding ATMs, such as the camera in the ATM stealing your PIN, and another claim is about pressing the cancel button after withdrawing money. Should you really press the cancel button after withdrawing money from an ATM? Is it a myth or a reality? We will find out today.

What is the Cancel Button Trick?
People often believe that this 'cancel button trick' in the ATM machine can thwart hackers. People think that pressing the cancel button twice or more puts the ATM into safe mode, and no skimming device can work. This is why many people believe this and press the cancel button after withdrawing money.

Pressing the Cancel Button is a Hoax
Recently, the Press Information Bureau (PIB) clearly stated in its fact-check that the claim that pressing the cancel button twice in an ATM prevents PIN or card theft is completely false. The PIB stated that neither the Reserve Bank of India (RBI) nor any bank has given any such advice. This means that if you are pressing the cancel button repeatedly based on what others say, it is pointless. The Cancel Button is Only for Convenience
The cancel button on an ATM is simply for convenience.  If a customer accidentally selects the wrong option or wants to stop a transaction midway, they can use the cancel button. It has no direct connection to PIN security, hacking, or skimming. Therefore, simply pressing the cancel button will neither make the machine secure nor catch hackers.

Protect Your Money
Instead of relying on the cancel button for security at ATMs, vigilance is far more important.  Whenever you go to an ATM, first carefully examine the card slot and keypad. If you notice anything loose, an extra device, or any unusual structure, do not use that ATM. If necessary, go to another ATM and be sure to inform the bank.

How to Keep Your ATM PIN Safe
In addition, always keep SMS and email alerts active for your bank account. This way, you will receive immediate notification as soon as any transaction occurs from your account.  It is also very important to change your ATM PIN periodically. If your card is lost or stolen, call the bank's helpline immediately to block the card.  Also, avoid repeatedly pressing the cancel button after withdrawing money, as it serves no purpose. (Note: This information is based on general knowledge; for more details, please contact your bank.)

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