Scams targeting senior citizens are rapidly increasing.
Through digital arrest scams, fake investment schemes and panic-inducing calls, scammers often emotionally manipulate elderly citizens into transferring money.
To reduce this risk, some bank branches have introduced a “Dual OTP System”.
Under this system:
•The first OTP is sent to the account holder
•The second OTP is sent to a trusted family member
•Suspicious transactions get an additional layer of verification
•Family members may also receive transaction alerts
Remember:
• Regularly educate parents and elderly family members about cyber frauds
• Stop them from sharing OTPs or transferring money on unknown calls
• Visit the nearest participating bank branch to inquire about Dual OTP activation
Know more about how you can activate this service: https://www.instagram.com/p/DYbgYQTAHc4/
If you are a victim of cyber fraud, report it immediately by calling 1930 or visiting cybercrime.gov.in
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