RBI’s unique style against banking fraud, watch rap video

The RBI keeps issuing alerts on the days of banking fraud.

The RBI keeps issuing alerts on the days of banking fraud.

In a unique way, the RBI has released a musical rap (RAP) video, telling people the methods of fraud and ways to avoid it.

  • News18No
  • Last Updated:February 19, 2021 8:02 PM IS

New Delhi. The incidence of banking fraud in the country has been increasing day by day. In view of this, the Reserve Bank of India (Reserve Bank of India) continues to issue alerts to the public through advertisements, tweets, SMS, recorded voice calls on the day of the fraud related to banking. This time the RBI (RBI) has released a musical rap (RAP) video to warn people about banking transactions.

RBI rap video
In the rap video released by RBI, it is told how customers can avoid banking fraud. In this video, the account holder has been appealed not to share information related to PIN, OTP, bank account with anyone. In this, customers have been asked to beware of fake calls. In this, the card is asked to be blocked if the card is stolen or lost.

RBI in action to check fraud in digital payments, new guidelines released

At the same time, the RBI has issued a new rule for strengthening and protecting the digital payments of the country. The Reserve Bank on Thursday issued a master direction for banks and card issuing institutions to ensure the security of digital payments. The Master Direction covers internet banking facilities, mobile banking payments, card payments, protecting the interests of customers and grievance redressal. Master Directions will be applicable to scheduled commercial banks, small finance banks, payment banks and credit card issuing NBFCs.

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