What is FD Fraud and How to Avoid It?

Digital fraudsters can steal your information and misuse it if the transactions are not done through a secure network. If you deposit your money or get FD interest income through net banking, always make sure to go for a secure network. Never use any public network for such work because the fraudsters always target the ones on such networks.

• Be Cautious While Using Your Card

Never disclose details about your credit/debit card with anyone while depositing your money in a fixed deposit. You might get a call from an unknown number claiming they are representatives of a reputed company and offering help in depositing your money in a fixed deposit. In such a scenario, make sure you get complete information of the caller and do not share details about your card like CVV or OTP. In case of any suspicious activity, make sure you talk to the Cyber Cell immediately.

• Keep Changing the Passwords

For digital fraudsters, hacking your password is an easy task. To avoid this, ensure all your financial accounts have a strong password with a combination of letters, symbols and special characters. Do not keep the same password for a long time and keep changing it to avoid falling prey to hacking. In this way, your FD will be safe and fixed deposit fraud can be avoided.

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