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Monday, December 23, 2019

Internet Banking Safety Tips: Keep these five things in mind if you want to avoid banking fraud



With increasing digital transactions in the country, the risk of fraud in this facility is also increasing. Many banking functions have become easier through online banking facility, but due to this, the risk of leaking financial information is also increasing. There are many times when hackers adopt new tricks to steal data. In many cases, the help of technology is taken for this and many times hackers resort to fraud calls. The biggest risk is when an unauthorized person collects information about your financial information, credit and debit card details, OTP (one-time-password), ATM PIN, net banking password etc.

 We are giving you some suggestions on how to avoid it.

1. First of all, do not give your credit or debit card information to any unfamiliar. Keep the card hidden, because the expiry date, name, card number, etc. are printed on it.

2. The most important is one-time password . It appears on your registered mobile number. This is needed to complete the transaction. Therefore, never tell your OTP to any unfamiliar. Even banks and financial institutions never ask OTPs from their customers.

3. All credit and debit cards have a card verification value, which is called as CVV number, it is marked on the back side of the card. Avoid giving information about this to anyone.

4. When buying anything or withdrawing money from ATM, PIN has to be entered, make sure that no one is watching you from behind.

5. The customer ID (login ID) and password have to be entered when using net banking for online transactions. Changing the Net Banking password on month to month is correct.

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