Protect Yourself from Credit Card Fraud:

Credit card fraud is on the rise, and it’s important to stay alert to avoid falling victim to scams. Recently, a large fraud involving SBI customers resulted in a loss of ₹2.6 crore. To help you protect yourself from such frauds, here are five essential tips to follow:

Protect Yourself from Credit Card Fraud:

1. Keep Sensitive Information Secure

Never share your credit card details, including OTPs, CVV, PIN, or password with anyone. Even if someone calls claiming to be from your bank, be cautious. Remember, no legitimate bank will ever ask for such sensitive information over the phone.

2. Verify Bank Calls

If you receive a call from someone claiming to be from your bank, verify their identity before sharing any information. Contact your bank directly through their official customer service number or website to ensure it’s a genuine call. Always avoid suspicious calls.

3. Monitor Transactions

Keep a close watch on your credit card transactions. Set up alerts on your mobile device to notify you of any transactions made. If you notice any unauthorized transaction, immediately report it to your bank and the police.

4. Practice Digital Safety

Avoid using public Wi-Fi when making banking or financial transactions. Always update your mobile apps and banking apps to the latest versions. Download apps only from trusted sources like Google Play Store or the App Store, and never click on suspicious links in emails or WhatsApp messages.

5. Act Quickly in Case of Fraud

If you suspect fraudulent activity on your card, block your credit card immediately. Report the incident to your bank and file a police complaint. You can also report it to the National Cyber Crime Reporting Portal. Acting fast can help minimize your losses.

By following these tips, you can protect yourself from credit card fraud and secure your finances. Awareness is the first step in fighting fraud effectively.

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