In this digital era, Online Activities has been increased. With increment of online activities, banking activities has been also implemented online and customers are doing online banking activities on wide level. For transferring of funds, online investment, checking transactions, payments to local merchant’s etc. peoples using Online Banking Facilities and mobile banking facilities on huge & widespread Level
But, every facility comes with some threats. With increment of online banking activities, online banking frauds has been also increased on large scale. Debit Card Frauds, un-authorized Internet Banking activities & auto payment deductions are some of the common frauds because of which the customer have to suffer in case of recklessness in Online Banking Activities.
Today we will guide you and provide some most valuable knowledge about prevent yourself & your Account from Online Banking Frauds which will help you to enjoy the fraud-free banking experience.
30 ways to Prevent account from Banking Frauds:
1. Never share your Debit/Credit Card Number, PIN & CVV with anyone whom you think suspicious
2. Always carry your cards when required otherwise avoid to carry on Crowded places. This will prevent your cards to getting lost or stolen
3. Never mention or write your ATM PIN on backside of the cards. People often do such things because they forgot ATM PIN. This is not a right thing. If required: You can write ATM PIN in some other places but in the form of Encrypted Codes or letters but not in exact numbers. Encrypted Codes will give you an Idea about the card PIN and no one can get the Idea just because of the random Codes
4. Block your card if you thought that the activity is suspicious and can harm your account balance
5. Never save your Card Number, PIN, Passwords & CVV on digital media such as on Phones or online applications
6. Kindly update your debit card PIN on timely basis
7. Always check your banking activities on regular basis and update your passbook on monthly basis
8. In case of any suspicious activity regarding your account, instantly contact to your bank or Customer care for further actions
9. Update your Mobile and Email in your account so whenever any transactions happens: you can get notified instantly
10. Use Internet Banking only if required otherwise refer Debit card for payments and Cheque Books
11. While doing Cash withdrawals: always check your surroundings. If you find any unfair practice there of any suspicious thing on the machine then please avoid to withdraw from there and check for other places. Never allow other people on the ATM room while you are doing your transactions.
12. Skimmers like devices are used by hackers on the place where we insert our ATM card for withdrawal. Always double check those places and do the further transactions
13. Avoid to generate Paper receipt after withdrawal. You can get the notification on your phone. If receipt will be generated then don’t throw on the ATM’s Dustbin. Always carry with you those receipts and if required: dump on the secured place with proper required actions
14. If using internet banking, please set-up strong login & transaction password and never share or note the passwords anywhere except on your brain. If you are among whom those who hardly remember the passwords then note the passwords and PIN in encrypted format and save in secure place
15. Never use short passwords anywhere. Use proper password format as prescribed by bank
16. Sometimes we receive links regarding the banking offers. Never click on those links if even the mail has been received from secured source. Always visit Official banking website for to claim those offers
17. Do not give your account access to anyone else. Remember to add nominee in Account but never share your Account Number, Card Number, Internet Banking Logins, PIN’s anyone else.
18. In case of mobile banking, please use banking service and between the transactions never jump on other apps.
19. In case of Internet banking on Computer, always use paid Virus protection which will prevent you from online malwares and warn you at the time of any suspicious activities
20. Never use Banking Platforms of Wi-Fi networks. It may increase the chances of non-wire hacking. Always use secure connections.
21. The trend of fake Bank Sites are increasing now days. Hackers develop copy sites of the banks and do frauds on large scales. So, whenever you visit your banking site always check Https:// on address bar and double check the address from your Cheque Book, Passbook or Banking Documents.
22. Never set without password and PIN transactions on Debit or Credit transactions. People now days doing contact less payments through Credit Cards where on the purchase of minimum 2,000, you don’t need to enter the ATM PIN or credit card PIN. This is not safe. You should disable service by contacting your branch.
23. In case of Cheque transactions:
a) Use Proper details and never left any fields blank
b) Use permanent Blue Pen
c) Avoid double writing. If some mistakes happen, just throw that Cheque leaf with proper manner and issue a new Cheque
d) Always record the issued Cheques details on front page of Cheque Book for your record purpose
e) Keep your Cheque Book on safe place so that no one can get bank details from these until your permission
24. Now days, people often put the signatures on Cheque leafs for the faster transactions. Never, we are warning you: Never do this. In case, if you lost your Cheque, anyone can fill the required details on it and do the transactions which will cause in great threat
25. Use proper envelopes while sending the Cheques to others. Envelopes never should be transparent nor from outside Cheques can be visible.
26. Limit the setting up UPI ID’s on different Mobile Wallets and Online Platforms. One UPI ID always works on all platforms. So, just for some cashbacks: never risk your safety on danger. Never click on any unknown link received on UPI Address or Mobile Wallets
27. Sometimes you may get requested money links. The hackers will show that the link will give you certain amount but on actual, if you click on those links: your amount will be transferred to theirs account. So, never take faster actions on any platform and before clicking on any links: always be double sure
28. Never Trust on the peoples who sent you Lucky Draw related offers and promise you to give you winning amount. They will ask for banking details and inform you to first deposit some amount on their bank account to claim the winning amount. Never trust on those offers and never reply on such e-mails and Messages.
29. Bank will never call you or E-Mail you to share your account details. If you have received any such calls or e-mails, please don’t respond on that and visit bank for further actions
30. Sometimes, in case of any un-authorized banking transactions: Banks don’t even co-operate with you to resolve the problem. In this case, you can complain about the banking problem to RBI’s (Reserve Bank of India) CMS Portal (in case bank will not resolve your problem within 30 days) Website for complaint: https://cms.rbi.org.in/Be an aware customer and prevent yourself from online banking frauds by following above tips.
Thanks
Team: Online Knowledge Zone
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