SBI alerts millions of its customers
State Bank of India, the country’s largest state-owned bank, has alerted millions of its customers. SBI has appealed not to click on any unknown link. By doing this you can wash your hands of your hard earned money. The bank also said that beware of instant loan app. Safety tips for customers are also provided by the bank. The bank has told customers not to get bogged down in any app. This can lead to huge economic losses. It is noteworthy that such an app ensnares people under the pretext of giving them loans in minutes and gives them loans at high rates. The app offers loans at about 35 percent.
State Bank of India has alerted millions of its customers
SBI has appealed not to click on any unknown link
The bank also said that beware of instant loan app
SBI wrote in a tweet that please do not click on the dishonest link. Do not give your account details to a unit having a similar name like SBI or any other bank. Go to https://bank.sbi for all your financial needs.
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The bank has also given tips to avoid falling into the trap of instant loans.
Study the terms and conditions thoroughly before taking a loan.
Also avoid clicking on any suspicious links.
Check the authenticity of the app before downloading.
Go to https://bank.sbi for all your financial needs, the bank said.
Charges heavy charges
Notably, this app, which provides instant loans, also charges higher fees in the name of processing. Some people took out loans during the lockdown due to economic hardship. But when these people could not pay it within 7 days, they started getting threatening phone calls. So beware of this type of app.
The bank also said not to share your personal information with anyone. Doing so may deplete the amount deposited in the customer’s account. The bank said you should never share your ATM PIN, card number, account number and OTP with anyone.