RBI Warns Against SMS, Email, Instant Messaging, Call & OTP Scams, Check Precautions

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oi-Vipul Das

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The Reserve Bank of India (RBI) has cautioned individuals against SMS, email, instant messaging, phone calls, and one-time password (OTP) frauds. The Reserve Bank of India (RBI) has released a booklet titled “BE(A)WARE – Be Aware and Beware!” to raise awareness about fraudulent transactions in which fraudsters utilise a variety of methods to obtain a person’s confidential information, causing that person to become a victim of the scam.

RBI Pens Precautions Against SMS, Email, Instant Messaging, Call & OTP Scams

“There has been a surge in usage of digital modes of payment in the recent years. This gained further momentum during the Covid-19 induced lockdowns. While enhancing customer convenience, it also furthered the national objective of financial inclusion. However, as the speed and ease of doing financial…

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