RBI Sensitises People Regarding the Safe Use of Digital Transactions

On Monday, Reserve Bank of India (RBI) sensitised members of the public regarding safe usage of digital transactions & asserted that many mechanisms have been put in place to ensure the security & safety of these transactions.

It further said that under its flagship programme 'RBI Kehta Hai', has actively been undertaking digital awareness campaigns to facilitate people.

According to the release, there have been reports of users falling prey to fraudsters luring them on fictitious pretexts, such as alleged completion of KYC requirements & impersonating identities & websites of banks & payment system operators.

The bank also reiterated the measures people should adhere to while making the digital transactions.

The measures, according to the press release, read as follows, "users should take care by (i) not sharing with anyone their ATM/Card (debit/credit /prepaid) details; (ii) not sharing their password, PIN, OTP, CVV, UPI-PIN, etc.; (iii) avoid undertaking banking or other financial transactions through public, open or free wifi-networks; & (iv) not storing important banking data on the mobile, e-mail, electronic wallet or purse."

It also urged the consumers to remember that banks & other payment system operators never ask for sensitive details such as password, PIN, OTP & CVV number.

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