PNB cautions customers about fake message circulating on digital platforms

The Punjab National Bank (PNB) on Saturday issued an advisory to its customers associated to fraudulent messages being circulated in PNB’s title.

The financial institution stated {that a} fraudulent message stating “PNB’s a hundred and thirtieth Anniversary Government Financial Subsidy” is being circulated throughout digital platforms.

“These are fake messages and PNB model title is getting used to perpetuate completely different types of fraud. In some instances, these frauds are makes an attempt at identification theft and monetary scams,” the financial institution stated in an announcement.

PNB suggested its customers and most people to watch out and vigilant whereas receiving such fake messages, particularly these circulated by way of social media and different channels like WhatsApp.

“As a precautionary step, we additionally urge our customers to not expose any confidential/private/monetary data by way of cellphone calls or emails and to not click on/obtain any suspicious hyperlinks, even when they seem respectable,” the financial institution cautioned.

As digital banking surges in India, scammers are concentrating on folks to rob them of their hard-earned cash by way of a wave of fraudulent messages.

The messages corresponding to “Dear buyer, your checking account might be suspended immediately. Update your KYC/ PAN now to keep away from deactivation. Click on the hyperlink under to replace,” have been circulating by way of SMSes for lengthy.

At least 40 financial institution customers of a non-public financial institution in Mumbai, misplaced lakhs in simply three days after they clicked on a hyperlink despatched to them by way of a fake financial institution SMS.

The SMS alerted them to replace their KYC and PAN or their checking account might be blocked.

(With inputs from IANS)