The Reserve Bank of India had warned the citizens against the frauds in the name of KYC updation on Monday.
The bank had also advised consumers to not share important information like account details or passwords or OTPs with any unidentified persons or agencies.
The RBI informed through a press statement that they have been receiving complaints/reports about customersLQl falling prey to frauds being carry out in the name of KYC updation.
The release stated, “The usual modus operandi in such cases include receipt of unsolicited communication, such as, calls, SMSs, emails, etc., by customer urging him/her to share certain personal details, account / login details/ card information, PIN, OTP, etc. or install some unauthorised/ unverified application for KYC updation using a link provided in the communication."
Communications such as to carry threats of account freeze, block or closure were also reported .
The Central bank noted, that once the customer shares information over call/message/unauthorised application, fraudsters can smoothly get access to his/ her account .
The bank also stated that any such information should not be shared through unverified or unauthorised websites or online applications.
And, in case if a person receive such requests, then they should get in touch with their bank.