Security · Updated 24 Oct, 06:20 pm IST
Phishing call led to Rs 3.73 lakh unauthorised debit from SBI account
Why it matters for readers: Explains a common scam pattern so you can recognise and avoid similar fraud attempts.
- Scammers sent an SMS about blocking non-chip debit cards, then called the customer posing as a bank official to extract OTPs.1
- Within minutes of the call, Rs 3.73 lakh was debited from the retired teacher's account in July 2019.1
- The customer reported the fraud to SBI customer care 51 minutes after receiving the initial SMS.1
- Police identified the fraud mechanism as involving four Spice Digital wallets registered with different phone numbers.1
- Victims often face a separate legal and procedural challenge in establishing their right to reimbursement from the bank.1
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