Net Banking Security
BankingNet banking security is critical as banking fraud losses in India exceed Rs 6,000 Cr annually. Key rules: never share OTP, password, or card details with anyone (including bank officials). Banks never ask for these. Enable SMS alerts for all transactions. Use virtual keyboard for login on shared computers.
In detail
Common banking frauds:n1. OTP fraud: caller claims to be bank representative, asks for OTP to "verify" account -- gives access to transfer moneyn2. Phishing: fake bank website collects login credentialsn3. Vishing: voice call pretending to be bank, RBI, policen4. SIM swap: fraudster clones your SIM to intercept OTPsn5. UPI PIN fraud: fake QR codes that debit instead of creditnnKey safety rules:n1. Bank will NEVER call and ask for OTP, password, CVV, or card numbern2. No government official will ask you to transfer money to "safe account"n3. Receiving money on UPI never requires entering your PINn4. Check SMS sender ID carefully: SBI alerts from "SBIBNK" not random numbers
Real-life example
Meena got a call from "RBI officer" saying her account was used in money laundering and she must transfer Rs 50,000 to a "safe RBI account" for verification. This is 100% fraud. RBI never calls individuals directly. Never transfers money. No government body asks for transfers to "verify" your account. She hung up and blocked the number. Report such calls to cybercrime.gov.in.