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Safe Online Banking Practices and Tips

Safe Online Banking, SBI Safe Online Banking, SBI Banking Practices, SBI Banking Tips, SBI Safe Online Banking Practices, SBI Safe Online Banking Tips, Business News, Latest Business News, Indian Express, Indian Express News The fraud practices and crimes in the banking sector are always on the rise due to the critical information involved

The way the banking and financial sectors work has completely transformed, with the latest advancements in technology. On one hand, we have a convenience of availing services from the comfort of our home, on the other, there has been a rise in cyber crimes and leaking of digital information. The fraud practices and crimes in the banking sector are always on the rise due to the critical information involved.

SBI, one of the leading banks and a 211-years-old organization is working on addressing these grievances through awareness and making its digital platform more secure. The bank considers the safety of customers as one of the prime responsibilities. As the saying goes, prevention is better than cure.

Below are some of the precautionary measures that users can keep in mind while using debit cards:

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One of the most common forms of fraud is “vishing” calls. From calling on behalf of banks to well-wishers, these callers build trust and gain confidential information from the users. It is important to note here that banks do not ask for sensitive information on calls. No details involving financial transactions should be shared on calls. Please note that a lot of times, these calls are made with a motive of threatening users and getting the information required. Reporting of such incidents to bank authorities will help banks take necessary action and hence avoid any crime that might happen. The risk involved in internet banking is almost as high the convenience that it brings to our lives.

Some of the basic things to keep in mind while using internet banking are as follows:

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Safe banking isn’t something that you learn today and forget tomorrow. It is important for us to make this a habit. While it comes with a lot of conveniences, incorporating some simple precautions into the routine can help you in avoiding any kind of fraud or vulnerability. It is hard for us to gauge such crimes prior to the occurrence, but a little alertness and smart handling can help in avoiding such situations.

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