Don't scan anyone's QR code without thinking, it may empty your bank account

 Don't scan anyone's QR code without thinking, it may empty your bank account

State Bank of India (SBI), the country's largest bank, has warned its customers against online fraud. The bank told customers that if you get a QR code from anyone else, don't scan it by mistake. Money may disappear from your account if you do this.

How does a QR code cause bank fraud?

The SBI has also shared a video on the social media site to show that a QR code sent by someone can empty your bank account. It states that the QR code is always used to make payments, not to receive payments. So never scan the QR code in the name of receiving payment. This could empty your account.

State Bank of India wrote in a tweet that when you scan a QR code, you do not get paid. All you get is a message that your bank account X amount has been debited, don't scan the QR code shared by anyone until you have to make a payment.

You don’t receive money when you scan a QR code. All you get is a message that your bank account is debited for an ‘X’ amount. Do not scan #QRCodes shared by anyone unless the objective is to pay. Stay alert. #StaySafe. https://t.co/EXGQB7YFT9#QRCodes #InternetBanking

— State Bank of India (@TheOfficialSBI) April 27, 2021

SBI also warned consumers against fake loan calls

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SBI has also warned its customers against fake loan calls. SBI has informed customers through social media that SBI Loan Finance Ltd. Or if someone contacts you in the name of another such company, for your information, let us know that it has nothing to do with SBI. These people are trying to deceive our customers by offering false loans.

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According to SBI, if one wants a loan, go to the nearest SBI branch, avoid encouraging intermediaries. According to the bank, there is no such company and neither does the bank call anyone for a loan.