With increasing digital transactions in India, the risk of fraud in this facility is also increasing frequently. Many banking functions have become easier through online banking facility, but the risk of leaking of financial information is also increasing. Many times 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 this.
On the instructions of RBI, you can avail this banking facility all the time
1. First of all, do not disclose 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. One-time password is most important. 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 consumers for OTP.
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3. Be aware that credit and debit cards have a card verification value, known as the CVV number, which is marked on the backside 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 looking at you from behind.
5. Customer ID (login ID) and password have to be entered while using Net Banking for online transactions. Changing the Net Banking password on a monthly basis is good.
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