SBI debit/credit card users, beware of this latest online banking fraud

SBI debit/credit card users, beware of this latest online banking fraud

With the rise in online banking frauds, scamsters are targeting State Bank of India (SBI) customers in an attempt to fool them into revealing their confidential banking details. Scams like ATM card skimming and mobile SIM card swap have already duped many users across India. Now, there is a new scam in the form of vishing. The fraud is done entirely through a call and before the victim realises, his or her money is already gone. As SBI happens to be India’s largest bank, fraudsters take a calculated guess that the victim would have at least one active SBI account to proceed with their agenda. Note that this scam can be easily replicated for other banks as well. Here is everything you must know about this new banking scam.


You will get a call from SBI or other bank and the person will introduce himself as a bank representative

The person will verify details like name, date of birth and mobile number to make it appear as an official call from the bank

The person will then scare you by saying your SBI debit/credit card will get blocked if you don’t do as told

Generally, the caller might tell to upgrade your card to new debit/credit card

The caller will then ask for your customer ID or debit/credit card details to help you solve ‘some problem’ as your card might get blocked

The caller may also ask for bank account details to go ahead with a particular request that you have made

The caller will then ask you to verify the service by asking for the OTP that you have received on your phone

The entire process of a vishing call is to hijack your online bank account to transfer money from your account

Mostly, the money is transferred to remote accounts in different states or countries to make it difficult to trace

The call is generally made from what appears to be a landline number. Sometimes, it could a mobile number too

Remember,no original bank representative from SBI or other bank will ask for your personal details over calls. In case of any problems they will simply ask you to visit the nearest bank branch

If you receive any such calls, never entertain them. Directly tell the caller that you will visit the bank yourself to check if there is any problem with your bank account

Never reveal your banking details like card number, login-in IDs, CVV or ATM pin to anyone for whatever reasons


Source:- gadgetsnow


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