India

RBI advisory, register your mobile number with the bank for instant alerts on account transactions

New Delhi: In its ongoing campaign to spread public awareness on secure digital banking, the Reserve Bank of India (RBI) has asked customers to register their mobile numbers and emails with their banks for instant alerts on transactions in their accounts. As part of its Safe Digital Banking Social campaign, RBI has advised customers to register their mobile number and email with their respective banks to receive instant alerts. (RBI advise)

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Avoid banking through open or free networks

RBI further advises, if you receive an alert about a transaction that you have not initiated or authorized, you can take it up with your bank immediately. There are a few more precautions you need to take while doing online banking. For example, do not store important banking data in your mobile, email or wallet. Use only verified, secure and trusted websites, i.e. websites starting with https: for online banking. Avoid banking through public, open or free networks. Change your online banking password and PIN. Block your ATM card, credit card, prepaid card if it is lost or stolen immediately.

Financial Literacy Week is also organized every year from 2016 (RBI advise)

RBI has in the past also advised banks to disseminate information and create awareness among their customers and general public. The central bank is also organizing Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a specific topic across the country. (RBI advise)

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