Beware of Fraudulent Instant Loan Apps! SBI warns customers against digital loan fraud
New Delhi: The country’s biggest lender, the State Bank of India (SBI), has warned against loans offered through unauthorized digital platforms, with mobile apps promising a quick and hassle-free process.
In its tweet, the bank said: “Beware of fraudulent instant loan apps! Please do not click on any unauthorized links or provide your details to any entity posing as SBI or any other bank. Visit https:/ /bank.sbi for all your Needs.”
Additionally, the bank has also shared some security tips for its customers.
-Check the terms and conditions of the offer.
-Avoid clicking on suspicious links.
-Check the authenticity of an application before downloading it
-Visit https://bank.sbi for all your financial needs
SBI is the largest commercial bank in terms of assets, deposits, branches, customers and employees. It is also the largest mortgage lender in the country.
From time to time, SBI continues to alert its customers to fraudulent practices. recently shared some tips for customers to stay safe while transacting online. The lender shared a short video clip in the tweet. The tweet read: “Protect yourself from cybercriminals by staying alert and informed. Here’s what you can do to stay safe. In the video, the bank warned customers that the financial services industry has always been a target for cybercrime.
In the tweet, lender SBI advised citizens to report such cases of cyber bank fraud either to the national cybercrime reporting portal or to local law enforcement authorities. For those unaware, the National Cybercrime Reporting Portal is an initiative of the to assist victims/complainants to report cybercrime complaints online. This portal handles cybercrime complaints only with a particular focus on cybercrimes against women and children.
How to file a complaint on the National Cybercrime Reporting Portal:
To file a Cyber Fraud complaint, you need to go to the Cyber Crime Portal (https://cybercrime.gov.in/) and click on “Report Another Cyber Crime” and then on the “File a Complaint” option . It is imperative to provide correct and accurate details when filing a complaint for prompt action. In case of emergency, it is advisable to contact the local police. The national police call number is 100.
It is worth mentioning that SBI continues to regularly share tips and mantras with its customers for safe online banking as well as ATM transactions. Recently, the bank even sent a letter to its customers with six important tips that they should follow when banking online.
“The key to safe banking is vigilance. SBI has outlined six important protocols for our customers to follow in order to protect their personal information from fraudsters. Be Safe. Bank Safely,” the lender tweeted. He also advised customers to maintain unique online banking passwords while ensuring that they are not the names of family members or their dates of birth.