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.
- Last Updated:February 19, 2021 8:02 PM IS
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 Kehta Hai..A little caution takes care of a lot of trouble.Never respond to requests to share PIN, OTP or bank account details.Block your card if stolen, lost or compromised.#rbikehtahai #StaySafe#BeAware #BeSecurehttps://t.co/mKPAIp5rA3 pic.twitter.com/V3PRYl5351
— RBI Says (@RBIsays) February 19, 2021
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.