FD fraud: SBI issues alert for customers, says avoid THESE things or else you will lose money

SBI alert: State Bank of India, India's largest public lender, has issued an alert for its customers and public in general. If you are one of those who have made their FDs (Fixed Deposits), you should rather pay attention to what the State Bank of India has said about social engineering frauds. 

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The Public sector bank said that it has come across recent reports, wherein cyber criminals have created online fixed deposits in customers' account. The State Bank of India has asked its customers to control access to their account by not sharing personal details. It has warned that SBI customers of not sharing like Password/OTP/CVV/Card Number etc. With anyone. It said that the bank would never ask these details over pone, SMS or mail.  

We urge our customers not to share their banking details with anyone. Don't fall for scammers impersonating as SBI, we never ask for personal details like Password/OTP/CVV/Card Number over the phone.

Be alert. Be safe.#CyberCrime #CyberSafety #OnlineFraud #BankFraud #Scam pic.twitter.com/0Td4cp54VE

— State Bank of India (@TheOfficialSBI) April 5, 2021

SBI took to social media to aware its customers about this cyber fraud and tweeted, " We urge our customers not to share their banking details with anyone. Don't fall for scammers impersonating as SBI, we never ask for personal details like Password/OTP/CVV/Card Number over the phone. Be alert. Be safe." 

This new form of cyber fraud has recently been noticed where in fraudsters are using victim's FD account to siphon off money. They first create FD account of the target victims with the help of their net banking details and transfer some amount. Then they take advantage of the vulnerability of the victim and ask OTP posing as bank official.  Once the victim shares the OTP, the cyber criminals transfer the entire FD amount into their own account.