Modus Operandi

•Fraudsters often contact customers under various pretexts and trick them into scanning Quick Response (QR) codes using the apps on the customers’ phone.

•By scanning such QR codes, customers may unknowingly authorize the fraudsters to withdraw money from their account.

Precautions

•Be cautious while scanning QR code/s using any payment app. QR codes have account details embedded in them to transfer money to a particular account.

•Never scan any QR code to receive money. Transactions involving receipt of money do not require scanning barcodes / QR codes or entering mobile banking PIN (m-PIN), passwords, etc.