(Pooja Dubey, Intern Journalist) The cases of bank fraud have increased rapidly in the Corona period. Despite the stringent regulations of the Reserve Bank of India (RBI), banks are often fraudulent. Fraudsters find some way to rob the common people. Keeping in mind the increasing fraud, State Bank of India, the country’s largest government bank, has launched a new facility for its customers. SBI has launched a new ATM service to provide secure banking.
The bank tweeted that whenever the bank is requested to check the balance or mini statement from the ATM, the customer will be alerted through SMS. The bank started this to ensure that the transaction is done by the customer.
The bank said that through this it will be helpful to know that no more transactions are being done with the customers’ debit cards. This will reduce the number of fraud cases and provide secure banking facilities to the customers. SBI says that if the transaction is being carried out by someone else, the customer will be able to block his or her debit card immediately after getting information from the customer through SMS.
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