Online SBI: BEWARE! State Bank of India customers must not do these things; else they may lose money

Online SBI: Do you have a savings account with the State Bank of India (SBI), this news will certainly make you think. The largest state-owned bank in the country has recently warned its customers to be careful and take extra precautions amid increasing incidents of frauds, which not only target online transactions but also bank ATMs. The SBI has, therefore, advised customers to keep their account safe with the tips given.

The first and foremost advice extended by the lender is that the customers should not share their OTP, PIN, CVV, and UPI PIN with unknown persons. According to the State Bank of India, customers should never tell their OTP (one time password), PIN, debit or credit card CVV number to anyone. Since most of the frauds are committed this way, the bank said that customers should take precaution if someone on the phone call, after taking the name of the bank, warns you to block your card and asks for changing password, OTP or CVV number written on the back of the card.

Cautioning the customers through its Twitter account, the SBI clarified that the bank never asks for information like user ID, PIN, password, CVV, OTP, VPA (UPI) from its customers, who must take care of these things while doing banking transactions.

Further, it also warned them that they should not commit such mistakes, as this may cause their bank account to be emptied.

In its dos and don'ts, the SBI advised its customers not to do online transactions with public devices, open networks and free Wi-Fi zones, as these places are prone to risk.

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The SBI also added that customers should never save their bank account or online banking information in their phone. Because, their information can be leaked even if they put their bank account number, password, ATM card number or picture of it in their smartphone.