SBI Shares Tips To Protect Customers From Fraudulent Cash Applications | Rare Techy


1. It is always better to verify the legitimacy of an app before downloading. Many illegal apps have the potential to trap users and steal money from their accounts.

2. You should not use shady links.

3. It is better to avoid using unauthorized apps that may steal your data, as mentioned earlier.

4. To prevent your data from being stolen, check the app’s permission settings.

5. You should alert the local police about suspicious money lending applications.

6. For all your banking needs, always visit

Not only that, but customers should also refrain from sharing Know Your Customer (KYC) documents with unknown persons or applications that are not approved or authorized, and always report such incidents to the appropriate law enforcement agencies.

In fact, banks, non-banking financial companies registered with the RBI, and organizations under state government regulation can all issue legitimate loans. Therefore, they are safe. In addition, SBI periodically warns its customers about phishing trends and strategies to protect themselves against such scams.


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