The State Bank of India (SBI) has warned its customers against online fraud and phishing attacks. India’s largest public sector lender has also adopted an OTP based cash withdrawal system for transactions at SBI ATMs to protect customers from fraud.

In an awareness message, SBI has offered a few safety tips for its customers.

LIST OF DO’S

If you receive any suspicious e-mail/phone call/SMS/ link, please think before you are prompted to take any action. Always check for the padlock and secure channel for

safe banking. Scrutinize your credit reports once a while to keep a check on your financial well-being.

Routinely review your bank and credit card statements to keep a check on any unauthorized entries.

LIST OF DON’TS

Don’t share personal information or account-specific details like internet banking credentials, ATM card details, credit card details, etc. via e-mail/phone call/SMS or on social media. Don’t click on any email or social media messages you don’t expect to need.

Don’t open attachments that you were not expecting, especially ZIP files, and never run .exe files. Don’t share fake messages, fake news, fake information.

OTP-BASED ATM

An OTP will be sent to your registered mobile number The OTP is a four-digit number that authenticates the user for a single transaction. This will protect SBI Card holders from unauthorized ATM cash withdrawals.

India Today