SBI New Alert: Digital transactions are rapidly increasing in the country, and with this, online fraud methods are also witnessing an alarming increase. Consequently, the State Bank of India has issued an important warning to its customer base. The bank stated that users using the UPI platform need to be more vigilant now than ever, as cybercriminals are constantly adopting new methods to trap people.
SBI Cautions Customers
State Bank of India has alerted millions of its customers across the country via text messages. The bank has advised against trusting any unidentified deposit in an account or being pressured to repay the money immediately. According to the bank, many scammers try to exploit customer trust by sending fraudulent requests, and any unapproved UPI request can lead to significant losses.
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SBI clarified that under no circumstances should UPI requests be approved without verification. The bank urged customers to be cautious of any unknown links, calls, or messages during digital transactions.
Rising digital fraud raises concerns
With the expansion of digital payment systems, the number of cybercrimes in the country is steadily increasing. Millions of people are making payments through UPI every day, but the methods used by fraudsters have also become more sophisticated. In this environment, banks and government institutions are continuously running campaigns to raise awareness among customers so that the public can keep their financial transactions safe.
Frauds through fake UPI apps
In recent times, there has been a rise in the prevalence of fake UPI apps, which appear to be genuine. Unsuspecting consumers often fall prey to these fraudulent apps. Cybercriminals use a fake application to display a fake transaction on a customer’s number and capture a screenshot of the transaction. They then send fake messages to the customer’s number in the name of the bank, claiming that money has been deposited into their account.
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When the customer is confused, the scammers try to deceive them by calling them and offering verification. In many cases, people fall prey to this deception and share their banking information, ultimately resulting in money being withdrawn from their accounts. Therefore, it is important for UPI users not to trust any suspicious messages or calls.
Caution is the key to safety during these times
UPI is easy and fast to use, but it also comes with risks. Users should understand that banks never ask customers to share their passwords, UPI PINs, or OTPs. Accepting any transaction without confirmation can lead to financial loss. SBI’s warning is important because timely vigilance is the strongest defense.