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Debit cards offer the same theft and loss protections as credit cards. If you report the loss or theft of a registered card, the issuer can deactivate the card and issue a new card.
Most issuers have a zero liability policy to protect cardholders, especially in case a card loss is reported within the stipulated time. This means that if you report the loss or theft of your debit card within the given time, your bank is legally mandated to protect you by blocking or freezing the card.