Kotak Mahindra Bank: Spreading Awareness About Safe Banking Practices | News Bharat

Kotak Spreads Safe Banking Awareness

• Participate in the Reserve Bank of India’s Enhanced Awareness Program 2022
• spread awareness Fraud, such as Juice Jacking, Card Skimming, Phishing, Vishing and Lottery programs and grievance redress mechanisms

Mumbai, 2nd December 2022: Kotak Mahindra Bank Limited (“KMBL”/Kotak) announced today that it is launching an intensive awareness campaign on safe banking practices and grievance redress.

The one-month initiative is part of the Reserve Bank of India’s (RBI) 2022 Enhanced Awareness Program to raise awareness of safe banking practices and grievance redress in rural and remote areas across the country.

The bank organized on-the-ground events in the form of awareness workshops and seminars to engage with customers in states across the country. In addition, the bank leverages all its customer touchpoints, physical and digital, through emails, social posts, website, ATM screens, and more to spread the message of safe banking practices farther and farther.

The bank also educates participants about fraud such as Juice Jacking, Card Skimming, Phishing, Vishing and Lottery programs. To learn more about these scams, Click here.

The growth of digital payments and the need for awareness campaigns:

1. According to RBI data, Over 260 million digital payment transactions Every day is processed by its payment systems, of which the Unified Payments Interface (UPI) system itself handles more than two-thirds.
2. RBI’s Payments Vision 2025 file confirmed core theme – “Electronic Payments for Everyone, Anywhere, Anytime (4 Es)” to imagine – for every user safesecure, fast, convenient, accessible and affordable electronic payment options (6 attributes)

“The country is witnessing an increase in the volume of digital payments. Interestingly, this is also embraced and favored by people living in rural and remote areas. Given this, the masses must be educated about safe banking, and what to do Mr. Virat Diwanji, Group President & Head Consumer Banking, Kotak said: Bank Mahindra Berhad. “This campaign is in addition to Kotak’s ongoing customer awareness program as a responsible corporate citizen. ”

Some safe banking practices recommended by RBI:

made

1. Check the spelling of the website/URL being visited to avoid fraud, forgery and Similar websites like banks or e-commerce platforms.
2. Be careful when buying/selling products online. To receive money via UPI, no PIN/password is required.
3. Before dealing with any company, verify that they are registered and licensed.

Do not do

1. Do not share SIM card and mobile number details or write PIN on ATM card or save details on website/device/public laptop/desktop.
2. Don’t be trapped by offers to impersonate call center agents of Banks, Insurance, Government etc. and don’t be forced/tricked into sharing Username, Password, Card Details/PIN/CVV/OTP, Date of Birth, Aadhaar Number, Names of Family Members Wait.
3. Do not search for service provider contact details from search engines, text messages, social media, email, etc.

About Kotak Mahindra Bank Limited

Established in 1985, Kotak Mahindra Group is one of India’s leading financial services groups. In February 2003, the group’s flagship company, Kotak Mahindra Finance Ltd. (KMFL), obtained a banking license issued by the Reserve Bank of India (RBI), becoming India’s first non-bank financial company transformed into a bank – Kotak Mahindra Bank Co., Ltd.

The bank has four strategic business segments – Personal Banking, Corporate Banking, Commercial Banking and Treasury, serving retail and corporate clients in urban and rural India. The premise of Kotak Mahindra Group’s business model is India-focused, diversified financial services. The bold vision emphasizing growth for the group is an inclusive one, offering a range of products and services designed to meet the needs of the unbanked and underbanked. As of 30 September 2022, Kotak Mahindra Bank Ltd has 1,710 branches and 2,802 ATMs across the country, with branches in GIFT City and DIFC (Dubai).

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