Bank frauds online have been a regular occurrence in recent times. Criminals have been able to use websites to steal customer data and money from customers. SBI has always investigated instances of fraud and enforced strict procedures to ensure that not a single one is cheated. As a result, SBI recently issued a thorough guideline to remain vigilant and safeguard your money.
SBI ATM Credit card, UPI, and Netbanking users were warned of safety rules to be followed. The guidelines were announced in the final week of April. They outline the steps you need to take to be alert.
Credit card ATMs, SBI ATMs, UPI & Netbanking have issued security guidelines to all users of each kind. We will share these guidelines within this post.
1. SBI ATM & POS Machine User Security
ATMs and POS machines are among the most susceptible to fraud. Criminals use card skimmers to steal important information from customers using ATMs. They also interfere with retailers’ POS devices to steal cash from customers. While most of us now use credit or debit cards, there’s an opportunity to be targeted by thieves. Here are a few easy ways to secure your ATM transactions ensure. Be alert to your surroundings when you use an ATM or any other device to perform ATM transactions.
- When entering your PIN, make sure to cover the keypad.
- Always verify the legitimacy of any e-commerce website before making any purchase.
- Online Banking lets you keep track of debit card transactions.
- Set a limit on international and domestic card transactions through e-commerce platforms, POS ATMs, and POS.
2. SBI UPI User Security Tips
UPI is the most popular method of accessing banks these days. In the wake of the coronavirus spreading across the United States, people flocked to UPI providers to meet their financial needs. UPI lets you make transactions without the requirement of debit or credit cards. ATM cash withdrawal has decreased substantially because people are using UPI payments for all their purchases. When shopping online or at a retailer’s location, UPI has become an easy payment method. Here are the safety tips to follow when making transactions using UPI.
- Make sure to keep your UPI PIN and mobile PIN separate and randomly.
- Unknown UPI requests shouldn’t be considered for response.
- Suspicious requests should be promptly reported.
- Remember that a PIN will only be needed to transfer funds, not to receive the funds.
- If you suspect a transaction occurred without your consent, you must immediately turn off UPI services for your account.
3. SBI Netbanking User Security Tips
SBI is one of the most extensive user bases for net banking. Customers can complete nearly every banking transaction using the platform. SBI regularly releases new and updated platform features to increase data security. However, a lot of users are victims of fraud and scams. Most scammers steal money using deception using the OTP (One Time Password) Requisition technique and profit from elderly customers. SBI will send out regular SMS notifications to its customers concerning these new attacks. Here are some tips to follow and safeguard the security of your Netbanking account.
- Look at the address bar on the bank’s site for “https.” “https” means that the site is legitimate and safe.
- Do not use public or open Wi-Fi networks to conduct transactions with banks online in public areas.
- Once you’ve finished your task, log off and close your browser without fail each time.
4. SBI Username & Password Security Tips
- Many of us use our usernames and passwords in the settings for SBI online accounts as a given. We choose regular usernames, like our names or our relatives who have names. Passwords are also so general that anyone could easily guess anyone quickly guesses them. Remember that scammers have access to a lot of your personal information and can quickly identify passwords based on the names of your family members’ birthdays, anniversary dates, telephone numbers, vehicle numbers, and more. Therefore, you should never use any of these details to create passwords. Be sure to follow these simple guidelines when creating passwords.
- Make use of passwords that are distinct and complicated.
- Always ensure that you update your passwords.
- Your password, user ID, or PINs should not be stored, shared, or recorded.
- Be aware that banks will never ask for your passwords, user IDs, PINs, card numbers, CVV, passwords or passwords, or OTP.
- To prevent the storage of user IDs and passwords, deactivate your device’s auto-save or ‘Remember’ feature.
- There is a need urgently to inform the public about the importance of having an encryption method that is not easy to crack.
Despite all security measures, there are many instances of hackers being able to gain entry into your accounts. It is important to be alert and take appropriate steps to safeguard themselves. If you are concerned that your account was compromised, call the local SBI branch immediately. You can also contact the SBI customer care department to notify you of any theft or fraud that may have occurred on or in your SBI account. If it’s UPI, NetBanking, credit/debit card, or ATM, look over the email alerts and SMS messages sent to you.