RBI cautions against KYC related frauds

The RBI has issued a warning to the public regarding fraudulent activities masquerading as know your customer (KYC) updates. The central bank emphasized that individuals who have been targeted by such scams should promptly report the incidents through the cybercrime helpline (1930) or on the National Cybercrime Reporting Portal (www.cybercrime.gov.in). Additionally, the RBI has provided a list of recommended actions and precautions to take.

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