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RBI Warns Against Frauds In The Name Of KYC Updating


The Reserve Bank of India (RBI), on Monday, warned customers against sharing bank account login credentials, personal data and information, copies of know-your-customer (KYC) documents, card information, Personal Identification Number (PIN), password, and One Time Password (OTP), etc. with unidentified persons or agencies.  The Central Bank in a press release said, “The Reserve Bank of India has been receiving complaints/reports about customers falling prey to frauds being perpetrated in the name of updating KYC. The usual modus operandi in such cases include receipt of unsolicited communication, such as calls, SMSs, emails, etc., by a customer urging him/her to …

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