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NRB Urges Caution for Electronic Transaction   

Central Bank Warns Fraudulent Activities on the Rise

  1 min 49 sec to read
NRB Urges Caution for Electronic Transaction   
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February 6: With the significant increase in the use of electronic means for transaction, fraudulent activities under various pretexts have also increased to a great extent.

Nepal Rastra Bank (NRB) has advised the public to remain vigilant about such fraudulent activities and adopt safety measures.

Issuing a notice on Friday (February 4), NRB said fraudulent cases of lottery as well as strangers seeking user name, password and OTP for internet banking and mobile banking of customers under various pretexts have been on the rise.

Through the notice, the central bank cautioned the public regarding the risks involved in conducting financial transactions through electronic means, urging users to pay special attention to electronic payments. The public notice has been issued following complaints that criminal groups are using electronic devices and means to defraud customers.    

The central bank has asked people not to share their passwords, OTP or any other sensitive information, to change their passwords from time to time and to keep such passwords confidential.

Similarly, the central bank has also advised users not to download unauthorized applications as criminal groups can get access to sensitive information while downloading such applications on mobile or other devices.    

Meanwhile, the NRB has stated that complaints or grievances can be registered by contacting the concerned banks and financial institutions and the NRB (https://gunaso.nrb.org.np) if there is any suspicion or complaint about fraudulent activities while conducting financial transactions through various mediums.  

 

 

 

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