State Bank of India

SBI Warns Customers About Fd Fraud

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The State Bank of India recently warned its customers and the general public about social engineering fraud for investing in fixed deposits (FDs). The bank said that it has received complaints of online fixed deposits in customers’ accounts.

The bank has asked customers not to share personal details like password / OTP / CVV / card number etc. to be safe. SBI Bank said in a tweet that the bank never asks for such details over phone, SMS or mail. He said that recently there have been reports that online fixed deposits are reported to be created in the accounts of customers by cybercriminals in an attempt to commit social engineering fraud.

The bank said that we urge our customers not to share their banking details with anyone. We never ask for personal details like password / OTP / CVV / card number over the phone. SBI has given this information through its account holders social media.

The bank said that the fraudsters first create FD accounts of the victims and transfer some amount and then they take advantage of it and tell them about the OTP coming from the bank and if the OTP is shared then they can transfer the FD amount to their Transfer to account.

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