SBI alert against FD Fraud: State Bank of India tells you do's and don'ts to keep you money safe from cyber criminals

SBI alert on social engineering frauds: Are you one of those who have got their FDs (Fixed Desposits) done in State BAnk of India or any other banks? If yes, well then you should rather pay attention to what the State Bank of India has said about social engineering frauds. 

ZeeBiz WebTeam | Apr 12, 2021, 05:19 PM IST

India's largest public lender, the State Bank of India (SBI), has issued an alert for its customers and public in general warning aginst this new form of fraud. 

  

 

1/6

Cyber criminals and FD fraud

Cyber criminals and FD fraud

The Public sector bank said that it has come across recent reports, wherein cyber criminals have created online fixed deposits in customers' account.  Source: Reuters

2/6

Control access to SBI account

Control access to SBI account

The State Bank of India has asked its customers to control access to their account by not sharing personal details.  Source: PTI

3/6

Don't share bank details with anyone posing as SBI employees

Don't share bank details with anyone posing as SBI employees

It has warned that SBI customers of not sharing like Password/OTP/CVV/Card Number etc. With anyone. It said that the bank would never ask these details over pone, SMS or mail. Source: PTI  

4/6

SBI does not seek information about Password/OTP/CVV/Card Number over the phone

SBI does not seek information about Password/OTP/CVV/Card Number over the phone

We urge our customers not to share their banking details with anyone. Don't fall for scammers impersonating as SBI, we never ask for personal details like Password/OTP/CVV/Card Number over the phone. Source: PTI

5/6

SBI Twitter alert on FD fraud

SBI Twitter alert on FD fraud

SBI took to social media to aware its customers about this cyber fraud and tweeted, " We urge our customers not to share their banking details with anyone. Don't fall for scammers impersonating as SBI, we never ask for personal details like Password/OTP/CVV/Card Number over the phone. Be alert. Be safe."  Source: PTI

6/6

FD fraud modus operandi

FD fraud modus operandi

This new form of cyber fraud has recently been noticed where in fraudsters are using victim's FD account to siphon off money. They first create FD account of the target victims with the help of their net banking details and transfer some amount. Then they take advantage of the vulnerability of the victim and ask OTP posing as bank official.  Once the victim shares the OTP, the cyber criminals transfer the entire FD amount into their own account.   Source: PTI