- People complaining about being defrauded over KYC updation
- RBI cautions the public against the ongoing fraud
- The apex bank tells what should not be done to stay safe
The Reserve Bank has cautioned the public against the frauds being carried out in the coutry in the name of KYC updation and have advised them not to share key information including account details and passwords with unidentified persons or agencies.
From its official Twitter handle, RBI said, “@RBI Kehta Hai..Stay Alert! Do not share your login details, personal information, copies of KYC documents, card information, PIN, password, OTP etc. with unknown people or through unverified websites or Apps,” The central bank’s public awareness campaign ‘RBI Kehta Hai’”.
.@RBI Kehta Hai..
Do not share your login details, personal information, copies of KYC documents, card information, PIN, password, OTP etc. with unknown people or through unverified websites or Apps. #BeAware #BeSecure#rbikehtahai #StaySafe@SrBachchan pic.twitter.com/AWoKk9ySJV— RBI Says (@RBIsays) September 15, 2021
In the release, the top bank said that it has received many complaints/ reports where customers have fallen prey to the frauds being perpetrated in the name of KYC updation.
It said, “The usual modus operandi in such cases include receipt of unsolicited communication, such as calls, SMSs, emails, etc., by customer urging him/her to share certain personal details, account/ login details/ card information, PIN, OTP, etc. or install some unauthorised/ unverified application for KYC updation using a link provided in the communication”.
Such communications of KYC updation are also reported to most of the times carry threats of account freeze, block or closure.
Once the customer shares their information over call/ message/ unauthorised application, the fraudsters get access to his/ her account, said the Reserve Bank of India.