Overview
- The prime minister told citizens not to share OTPs, Aadhaar numbers or bank details and to change passwords regularly to reduce risk.
- He cautioned that fraudsters impersonate officials through fake calls, SMS and links and said KYC or re‑KYC must be completed only via bank branches, official apps or authorised platforms.
- Modi explained that pensions, subsidies, insurance and UPI are tied to bank accounts, which is why banks periodically seek re‑KYC for account security.
- He said the Reserve Bank of India’s Financial Literacy Week on digital safety will continue through the year to reinforce safer banking habits.
- Citing recent government data, coverage noted 361,000 cyber‑fraud complaints, an estimated Rs 20,000 crore in fraud and Rs 8,189 crore safeguarded, alongside arrests and large‑scale SIM and IMEI blocks.