SBI Customers ALERT! BEWARE of KYC Fraud! Protect your account with THESE simple safety tips

The State Bank of India (SBI) has alerted its customers on the KYC (Know Your Customer) fraud. The bank said that the fraud is real, and it has proliferated across the country.  

Alerting its customers, SBI tweeted "KYC fraud is real, and it has proliferated across the country. The fraudster sends a text message pretending to be a bank/company representative to get your personal details."

See Zee Business Live TV Streaming Below:

Further, the bank has also urged its customers to report any such incident on the National Cyber Crime Reporting Portal https://www.cybercrime.gov.in/, which is under the Ministry of Home Affairs. The fraudsters extract sensitive personal data from customers through text messages or spam calls pretending to be the bank representative.

KYC frauds are now most prevalent than ever. Do NOT share your KYC details with anyone on call/email/SMS. Do NOT download any app on the advice of unknown callers. Stay vigilant & #SafeWithSBI. #CyberSafety #KYCFraud #OnlineSafety pic.twitter.com/0VTi1EbPfi

— State Bank of India (@TheOfficialSBI) July 7, 2021

The portal is an initiative of the Government of India to facilitate victims/complainants to report cybercrime complaints online. This portal caters to complaints pertaining to cybercrimes only with a special focus on cybercrimes against women and children.

The complaints reported on this portal are dealt by law enforcement agencies/ police based on the information available in the complaints. It is imperative to provide correct and accurate details while filing complaints for prompt action.

SBI has also chalked out a few safety tips, which is to be followed by customers to prevent KYC fraud from happening. The safety tips are customers should think before clicking any link. The bank never sends links to update KYC, and don't share your mobile and confidential data with anyone.

KYC is an important step by banks to make verify their customers’ identity. Considering the pandemic situation, the Reserve Bank of India (RBI) had asked banks not to impose any punitive restriction against customers if they fail to update their KYC till 31 December 2021.

SBI said that if their customers notice any unauthorised transaction in their bank account, they must report it immediately to the toll-free customer care numbers, apart from complaining to the national cybercrime portal.