TOP SURVIVAL TIPS TO PROTECT YOURSELF IN FINANCIAL WORLD

DUE TO INCREASE IN FINANCIAL FRAUDS OR CYBER CRIME, RBI HAS INTRODUCED FAME (FINANCIAL AWARENESS MESSAGES) WHICH SHOULD BE FOLLOWED BY EVERY PERSON TO KEEP THEIR MONEY SAFE AND MAKE PEOPLE FINANCIAL LITERATE

Financial literacy

1.THERE IS NO FREE LUNCH! DON’T GET CHEATED

A. Don’t get cheated by emails, SMSes or phone calls promising you money in the name of   RBI/RBI governor/ or any other bank, including your own bank.

B. Do not fall prey to fake emails, offers of lottery winning or cheap funds offered in India or overseas in the name of RBI or any other bank or government organization.

C. Don’t send any money as initial deposits, commission or transfer fee to anyone to receive large sums of money from any kind of known or unknown organizations. You may be defraud.

D. RBI does not open savings account/current account/fixed deposit or any offer credit/debit card or do any transaction with any individual.

E. Don’t reveal your bank account details, internet banking user ID, password, credit/debit card number, CVV, ATM PIN or OTP to anyone.

F. Lodge a complaint with local police station or cyber crime division if you have received any fictitious offers of lottery winning or cheap funds from India or abroad.

2.KEEP IN MIND THE FOLLOWING TO HAVE A HASSLE FREE ATM EXPERIENCE

Financial literacy

A. You can withdraw money, transfer funds, check account balance, register for mobile banking, pay bills, link your Aadhaar number to bank account, etc at your ATM.

B. Do not share your ATM card details and PIN with anyone. Never leave the card in the ATM.

C. Ensure that there is no camera or other devices attached to the ATMs when you key in your pins or swipe your cards. As far as possible, cover the keypad with ine hand and use the other hand to key in your PIN. Never let anyone when it is being entered at the ATM.

D. Remember to count and check the notes dispensed.

E. Always register your mobile number with issuing bank to get the alerts on transaction execution.

F. Contact your bank immediately to block the card in case of lost or stolen or you feel it has been compromised.

G. If you have ATM related complaints, write to card issuing bank. Bank has to resolve your complaint within 7 days of receiving it, else pay compensation to you @ Rs-100 per day if the complaint was lodged within 30 days of the transaction.

H. Change your ATM card PIN regularly.

I. Look for suspicious activity or object in the ATM room or ATM machine before using the card.

Posted by LAWgicAL ARUSH
   
   Source: RBI