How to avoid online banking fraud

We all are using Internet banking, debit and credit cards, it’s become our necessity and become part of our life style. We used to pay domestic and international merchants through net banking, debit card or credit cards. We well known for the fact, that sharing of confidential information, though  calls/documents  such as PIN /CVV/Number must be strictly avoided.

Now days you have seen and listen the various types of online banking fraud which happened due to our negligence. Have you heard the word “ Savdhani hati, Durghtna dhati” or “Prevention is better than cure”. Submitting documents & details for processing loan or credit cards via  online or offline mode can   cost us a lot, if they misuse.

Every crime give you a Signal before it happen, if you may receive OTP in your mobile phone for a transaction which you never initiated, a Call from fake bank employee or unknown person who is  asking your OTP/CVV or other details. Even If you have apply a  new credit card, collection executive can ask for impression of old Credit card, it mean you need to be alert.

Our negligence is weak point  & invitation for committing frauds, which finally end with Loss of lot of   money which result eye opening situation to instantly Block  Debit Card /Credit Card/Net banking etc.

Activation of Debit/Credit and Internet Banking

When you come to know, online/offline/telephonic fraud has been happened through your Debit/Credit Cards, immediately call to Customer card number and logged compliant against  fraud transaction and requesting them to block your account immediately, they will block your account immediately.

For blocking account, call in customer care number and request them to deactivate your account.They will deactivate your account and within three to five days you will receive a new Debit card at your mailing address along with instruction to deactivate  account, on your request.

You  can  choose any channel to deactivate account,like immobile, Internet banking, visit to ATM or call to Customer Care for generating debit card PIN. It require  new card number,CVV, grid values printed on the back of the card only to deactivate account quickly and effortlessly.  Follow the instruction of banking portal and get the new ATM PIN.

We need to understand that we must never share the confidential information to any person, even if they pretended to the employee of the bank. If possible, take insurance coverage  against Credit/Debit card fraud to mitigate the risk. Always Cross check IFS Code before online transfer and avoids visiting late night ATM. Be alert in ATM counter, while withdrawing or depositing money because your alertness and awareness is best weapon against fraud that will prevent you against banking  fraud.