2024-08-01 21:56:24
New Delhi: HDFC Bank has advised its customers to be cautious. They have been asked to be cautious about trading platforms that do fraud in the name of providing investment opportunities. The largest private sector bank said on Thursday that most of the attractive offers come through social media platforms. The purpose of this advice is to raise awareness about potential investment fraud to protect customers. The bank said in its advice that in cases of investment fraud, fraudsters are usually seen promising abnormally high returns on investments in assets like shares, IPOs, cryptocurrencies, bitcoin. This fraud also includes creating fake automated investment platforms or apps. Here the victims see fake dashboards indicating huge returns on investment.
Investment fraud is on the rise
Manish Agarwal, Executive Vice President (Credit Intelligence and Control), HDFC Bank, warned about this fraud and said, “We are seeing an increase in the number of cases of investment fraud. We want to help spread wider awareness and information on this issue so that consumers can avoid falling prey to these deceptive schemes.”
He said that the government, banks and regulatory bodies are taking steps to prevent these fraudulent activities. However, individual vigilance and awareness plays a very important role in saving customers from falling into the trap of these illegal schemes.
What to do if you become a victim of online fraud?
According to the statement, if a person becomes a victim of any online fraud, he should immediately inform the bank about the unauthorized transaction to block the payment channel. The affected customers should also lodge a complaint by calling the 1930 helpline number started by the Ministry of Home Affairs. Apart from this, a complaint should also be lodged on the National Cyber Crime Reporting Portal.