In the wake of the rising number of cases of financial frauds, banks are leaving no stone unturned to raise awareness among customers about ways through which they can keep their hard-earned money safe from fraudsters. The largest lender of the country State Bank of India (SBI) also keeps alerting customers from time to time about best practices. In its tweet, the largest commercial lender of the country has urged customers to protect themselves from fraud by keeping their information private and reporting any communication that requests for it. The bank has suggested people to think before sharing financial details with anyone. SBI has shared a three-point formula which can help save customers from frauds while sharing financial information. Here are the three things to do when someone asks you for your financial information, as per SBI:
STOP – Before you share your card number, CVV, Expiry Date, OTP and PIN or download unknown links.
THINK – about who is asking for it, and why.
ACT – and report if you suspect it’s a fraud.
SBI has also warned customers from wasting their time in interacting with fake accounts on social media.
“Do not invest your time and money interacting with fake accounts on social media. Follow, tag and interact with only the verified, official handles of #SBI, to ensure that your comments, complaints and, enquiries get adequately addressed and you are not scammed by fraudsters,” SBI tweeted.