By indulging in such acts, they violated the provisions of PFUTP Regulations and accordingly, the regulator levied a fine of Rs 5 lakh each on 24 individuals and Rs 10 lakh on the remaining one.
The two persons arrested by Rachakonda cybercrime police on charges of cheating people in the guise of updating Know Your Customer (KYC) details of bank accounts and siphoning money.
Hyderabad: The State Bank of India has frozen several accounts due to non-compliance with KYC (Know Your Customer) regulations. Several twitter users took to twitter to complain about the same by tagging the bank’s official ID. An SBI customer Gaurav Agarwal, tagged the official handle of the bank and said that his account services have […]
Hyderabad: Cyber fraudsters duped a businessman from Sultan Bazaar of Rs.25,000. The man Narsapuram Srinivas Chary, (54) a resident of Koti reportedly received a text message from an unknown mobile phone number asking him to update the KYC details of his bank account. “Believing the message to be true, he shared his details and found […]
The research wing of New Delhi-based think tank CyberPeace Foundation, along with Autobot Infosec Pvt Ltd, studied two such incidents on the name of SBI.
Cyberabad Police Commissioner VC Sajjanar said Nanku asked the victims to add a nominal amount to their Paytm accounts using their credit and debit cards.