RBI cautions against KYC-linked frauds

Tribune News Service

Updated At : 02:09 PM Feb 03, 2024 IST

New Delhi, February 2

The Reserve Bank of India (RBI) has cautioned the public against frauds in the name of KYC update in the wake of continuing incidents of customers falling prey to frauds.

It said the modus operandi for such frauds usually involved customers receiving unsolicited communications through which they were manipulated into revealing personal information or installing unverified apps through links provided in the messages. The fraudsters often employ tactics of creating a false urgency and threatening of account closure, if the customer fails to comply.

Live Matches

Tags :

RBI

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by :

RBI cautions against KYC-linked frauds

Tribune News Service

Unlock Exclusive Insights with The Tribune Premium

Live Matches