SBI doing its bit to curb ATM frauds

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SHILLONG:  ATM frauds continue unabated in the State and parts of the country despite rolling out of regular advisories by the concerned authorities warning people against the menace.
The State Bank of India, the largest banking company and financial services company in the country, is also concerned about the rising instances of the crime in which people are usually asked to give their ATM details over the phone by miscreants who claim to be bank officials.
Speaking to The Shillong Times, SBI North East Chief General Manager, PVSN Murthy, said that the bank is spending huge amount of funds for creating awareness urging people not to fall prey to such miscreants.
According to Murthy, the SBI is creating a lot of awareness through advertisement, FM radios and television, asking people to remain cautious.
He said that the bank also intimates its “dos and don’ts” to the people through financial literacy camps and town hall meetings.
It may be mentioned that the Meghalaya Police has received a large number of complaints of fraudsters cheating the gullible members of the public by sending fictitious offers through emails, letters, SMSs, phone calls etc. Despite repeated pleas and advisories issued by the Reserve Bank of India as well as police authorities urging people to be cautious against such attempts by miscreants, there has hardly been any decline in the number of cyber and ATM related frauds. A number of cases have also been reported from the city this year where unidentified miscreants have fraudulently withdrawn money from people’s accounts after collecting their ATM details.

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