The government and top lenders like HDFC Bank, State Bank of India (SBI) and others, are doing their best to make customers aware and ensure that they don't end up losing their hard-earned money to scamsters. In the latest bid, HDFC Bank has recently sent an email to all its customers warning them about fake bulk messages that are being sent with malicious intent. The bank said that it has been brought to the notice of SEBI that certain fraudsters are collecting data of customers who are trading in stock market. This data is then used to send them messages on the pretext of providing investment tips.

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The aim of these messages by fraudsters is to lure bank customers into investing in bogus firms by claiming that this will help them get rich. "With reference to the caption subject, we wish you inform that it has been brought to the notice of SEBI by Central Economic Intelligence Bureau, Department of Revenue, GOI, that certain fraudsters are collecting data of customers who are already into trading either in NSE / BSE and send them bulk messages on the pretext of providing investment tips and luring them to invest with them in their bogus firms by promising huge profits," the email, with 'Subject: SMS message tempting towards investment / trading in stock market',  by HDFC Bank says.

How to stay safe?

The only way to stay safe from any type of bank or investment fraud is by staying vigilant. You need to assess these messages and calls before giving them access to your money. "In view of the above, we request you to take note of the same and take diligent investment decisions based on your own assessment," HDFC Bank added.

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https://bank.sbi," the SBI tweeted on November 20, 2019. This SBI tweet on fake customer care calls means that an SBI customer should not share one's SBI Debit Card, SBI Credit Card or its PIN number with any of the bank officials as such information is never asked by any of the bank officials.