The State Bank of India (SBI) has issued a warning to its clients about the dangers of online fraud and phishing attempts. To safeguard clients from fraud, India’s largest public-sector lender has also implemented an OTP-based cash withdrawal mechanism for transactions at SBI ATMs.
SBI has provided a few safety suggestions for its clients in an awareness message.
READ ABOUT DO’S LIST HERE
1. If you receive any strange e-mail, phone call, SMS, or link, please think twice before acting.
2. For safe banking, always look for the padlock and secure channel.
3. Examine your credit reports on a regular basis to maintain track of your financial situation.
4. Review your bank and credit card statements on a regular basis to keep an eye out for any fraudulent transactions.
5. Cybercrime may be reported online at cybercrime.gov.in.
LIST OF DON’T’S
1. Personal information or account-specific details, such as online banking credentials, ATM card details, credit card details, and so on, should not be shared by e-mail/phone call/SMS or social media.
2. Don’t open any emails or social media messages that you don’t think you’ll need.
3. Never open unexpected attachments, especially ZIP files, and never run.exe files.
4. Don’t spread false messages, news, or information.
1. Your registered cellphone number will get an OTP.
2. The OTP is a four-digit number that serves as the user’s authentication for a single transaction.
3. This safeguards SBI Cardholders against unlawful ATM cash withdrawals.