new Delhi: SBI (State Bank of India), the country’s largest government bank, has cautioned customers with the instant loan app. The bank has warned the customers by tweeting that they should not get caught in any such app. This can cause you huge losses. Let me tell you, this app gets people caught up in their affair with the excuse of giving loans in minutes and gives loans at their high rates. These apps give loans at the rate of about 35 percent.

SBI tweeted
SBI tweeted that beware of fake instant loan app. Do not click on any unknown and unauthorized links. For all your important work related to banking, you can visit this link https://bank.sbi.

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Beware of fraudulent instant loan apps!Please do not click on unauthorized links or provide your details to an entity impersonating as SBI or any other bank.Visit https://t.co/rtjaIeXXcF for all your financial needs. # SafetyTips #StayVigilant #CyberSafety #ThinkBeforeYouClick pic.twitter.com/wwJMnlJK1W

– State Bank of India (@TheOfficialSBI) January 9, 2021

The bank has also given tips to avoid getting caught in the trap of instant loans.

>> Before taking a loan, check the terms and conditions thoroughly.
>> Also avoid clicking on any suspicious links.
>> Before downloading, check the authenticity of the app.
>> The bank said, go to https://bank.sbi for all your financial needs.

Let me tell you, these app lenders charge a hefty fee in the name of processing. Please tell that some people took a loan during lockdown due to financial constraints. But when these people could not repay it within 7 days. So threatening calls started coming from them. So be careful with this type of app.

Do not give information about personal details to anyone
Apart from this, the bank said that do not share your personal details with anyone. By doing this, the amount deposited in the customers account can fly. The bank said that you should never share your ATM PIN, card number, account number and OTP with anyone.

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The bank issues alerts from time to time
Let us know that the country’s largest bank keeps issuing alerts for the safety of customers. The purpose of SBI is to protect customers’ money. The bank keeps sending alerts to customers through its Twitter handle and MMS.

Tags: business news in hindi digital frauds Instant loan Instant loan app fraud instant loan apps SB I sbi SBI Instant Loan App State Bank of India