​Money fraud, cyber crime alert! Stay extra cautious on weekends - Mumbai Police writes to RBI, seeks this action

In a major development, Mumbai Police has written to the Reserve Bank of India (RBI) in the wake money fraud through cyber crime, Zee Business has learnt from its sources. Reportedly, Mumbai Police has written to RBI and sought that the central bank should issue directions to e-wallet, e-commerce companies to appoint 24x7 nodal officers so that in case a money fraud happens by means of cyber crime then nodal officer can help in getting the money back and stop the payment.

Reportedly, it has been noticed that most of cyber criminal do money frauds targeting consumers on weekends.

Earlier, the Reserve Bank of India (RBI) had cautioned against unauthorised digital lending platforms/mobile apps. But, following what RBI has said you may save money from the fraudsters. RBI had said that there have been reports about individuals/small businesses falling prey to the growing number of unauthorised digital lending platforms/Mobile Apps on promises of getting loans in quick and hassle-free manner.

NEVER FALL PREY

RBI says, "Members of public are hereby cautioned not to fall prey to such unscrupulous activities and verify the antecedents of the company/ firm offering loans online or through mobile apps."

Details of the eight trains flagged off today and the Railway projects inaugurated by Hon’ble Prime Minister

Statue of Unity, Kevadiya 

Money fraud, cyber crime alert! Stay extra cautious on weekends - Mumbai Police writes to RBI, seeks this action

In a major development, Mumbai Police has written to the Reserve Bank of India (RBI) in the wake money fraud through cyber crime, Zee Business has learnt from its sources. Reportedly, Mumbai Police has written to RBI and sought that the central bank should issue directions to e-wallet, e-commerce companies to appoint 24x7 nodal officers so that in case a money fraud happens by means of cyber crime then nodal officer can help in getting the money back and stop the payment.

Reportedly, it has been noticed that most of cyber criminal do money frauds targeting consumers on weekends.

Earlier, the Reserve Bank of India (RBI) had cautioned against unauthorised digital lending platforms/mobile apps. But, following what RBI has said you may save money from the fraudsters. RBI had said that there have been reports about individuals/small businesses falling prey to the growing number of unauthorised digital lending platforms/Mobile Apps on promises of getting loans in quick and hassle-free manner.

NEVER FALL PREY

RBI says, "Members of public are hereby cautioned not to fall prey to such unscrupulous activities and verify the antecedents of the company/ firm offering loans online or through mobile apps."

NEVER SHARE THESE DOCUMENTS

"Moreover, consumers should never share copies of KYC documents with unidentified persons, unverified/unauthorised Apps and should report such Apps/Bank Account information associated with the Apps to concerned law enforcement agencies or use Sachet portal (https://sachet.rbi.org.in) to file an on-line complaint," RBI said.

Reserve Bank had also mandated that digital lending platforms which are used on behalf of Banks and NBFCs should disclose name of the Bank(s) or NBFC(s) upfront to the customers.

The names and addresses of the NBFCs registered with the Reserve Bank can be accessed here and the portal for filing complaints against the entities regulated by the RBI can be accessed through https://cms.rbi.org.in.

"Moreover, consumers should never share copies of KYC documents with unidentified persons, unverified/unauthorised Apps and should report such Apps/Bank Account information associated with the Apps to concerned law enforcement agencies or use Sachet portal (https://sachet.rbi.org.in) to file an on-line complaint," RBI said.

Reserve Bank had also mandated that digital lending platforms which are used on behalf of Banks and NBFCs should disclose name of the Bank(s) or NBFC(s) upfront to the customers.

The names and addresses of the NBFCs registered with the Reserve Bank can be accessed here and the portal for filing complaints against the entities regulated by the RBI can be accessed through https://cms.rbi.org.in.