Many cases of online fraud are emerging because of the rise in digital transactions. Be cautious how you handle with your OTP and card details. Keep your information safe from scammers. Ensure no one else has access to your CVV and OTP. Remember that fraud/scam happens when you let your guard down.
OTP is your one-time password sent to your bank registered mobile number to authorize the online transaction.
A CVV number is the acronym for Card Verification Value. It is required to complete transactions using cards, but along with that, it also provides added security against scams. CVV number is present on the backside of your card on the magnetic strip. It verifies that the card is physically available with the individual using it during the transaction.
Most importantly, never share your bank information details like account number, registered mobile number, ATM card details online on social media, websites, or any online public platform.
When you share your OTP, CVV and Card details with other, scammers can have access to you banking details and scammer can make unauthorized online transaction stealing your hard earn money
If you accidently share such Information, Please do immediately contact to your bank for immediate action in order to prevent scammers from using such information
Remember one thing always, OTP serves as your password so never share it with anyone. Bank Never ask you about OTP, Card details, or any other banking details. Never respond to unknown numbers who asking your bank details, OTP, card details, and PIN.
Sharing of confidential information by the customers, knowingly or unknowingly, is one of the major causes leading to the financial frauds. So BE(A)WARE while sharing your Banking Information
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