Notice to Consumer

In recent times, there has been an increase in fraudulent activities targeting the banking sector. These activities involve various tactics used by malicious individuals to gain unauthorized access to accounts, manipulate transactions, or engage in identity theft. It is our utmost priority to protect you from falling victim to these malicious schemes.

At CredBharat, we are committed to safeguarding your financial well-being, and we want to share some essential tips to help you protect yourself from fraud:

• Password Protection: Always set strong, unique passwords for your online banking and financial accounts. Use a combination of letters, numbers, and special characters, and avoid easily guessable information, like birthdays or common words.
• Secure Access: Ensure you access your accounts from secure and trusted networks. Public Wi-Fi can be risky, as it may not provide a secure connection. Use a virtual private network (VPN) when accessing your accounts on public networks.
• Be Wary of Phishing: Be cautious about unsolicited emails, messages, or phone calls requesting your financial information. Legitimate financial institutions will never ask for sensitive data through email or phone. If in doubt, contact your bank directly to verify.
• Multi-Factor Authentication (MFA): Enable MFA wherever possible. MFA adds an extra layer of security by requiring multiple forms of verification, such as a password and a unique code sent to your mobile device.
• Regularly Monitor Your Accounts: Frequently review your account statements and transactions for any irregularities or unauthorized activity. Report any discrepancies to your bank immediately.
• Keep Your Devices Secure: Ensure that your devices are protected with up-to-date antivirus software. Regularly update your operating systems and applications to patch potential vulnerabilities.
• Shred Financial Documents: Dispose of physical financial documents (bank statements, credit card bills) properly by shredding them to prevent identity theft.
• Educate Yourself: Stay informed about the latest fraud trends and scams. The more you know, the better you can protect yourself.
• Trust Your Instincts: If something feels off or too good to be true, it probably is. Trust your instincts and verify any suspicious offers or requests.
• Report Suspected Fraud: If you suspect fraud or have fallen victim to a scam, contact your bank immediately. The sooner you report the issue, the faster it can be resolved.

Stay safe, stay vigilant, and manage your finances hassle-free with CredBharat.