We all know that our lives revolve around our phones, especially when it comes to making daily transactions. From paying for our daily caffeine fix to ordering groceries online, we do it all with just a few taps on our screens. If you are someone who uses your main bank account for every transaction, have you thought about the risks involved in doing so? What if your main account gets hacked or compromised? Because with convenience comes risk, and we need to be careful about protecting our hard-earned money while making those transactions.

Scammers’ tricks lead to Rs 87 crore losses in India due to online frauds

According to a report, there has been a significant increase in the number of online frauds reported in recent years, resulting in losses of over Rs 87 crores in 2022 alone. It is predicted that these numbers are only expected to rise as more people continue to make online transactions. In most cases, fraudsters use social engineering techniques to trick people into sharing their confidential information, such as OTPs, PINs, and passwords. 

One account, multiple transactions: The biggest reason for losing huge amounts of money

Online banking has made our lives more comfortable and convenient, but it has also increased the risk of online fraud and financial scams. One of the primary reasons why people lose huge amounts of money during online banking is the practice of using the main account for all kinds of transactions. Most individuals have one main account that holds their salaries and savings, and they use it for all purchases, big or small, like paying utility bills or buying stationery items. This practice may seem convenient and time-efficient, but it poses a significant risk of fraud and unauthorised transactions.

When you use your main account for all transactions, you expose it to potential hackers or fraudsters. These criminals can gain access to the account details through various means, such as phishing scams or hacking into online accounts. Therefore, to protect your main account from fraud, it is essential to use a separate account for daily transactions. 

Airtel Payments Bank – the safest digital bank – understands these concerns, and therefore, it not just protects our hard-earned money but also offers convenience, is easily accessible, super quick, and, most importantly, a secure option for all who love to live their life struggle-free.

Why choose Airtel Payments Bank for daily transactions?

  • Airtel Safe Pay: The safest way to pay

One of the most significant advantages of using Airtel Payments Bank is that it allows you to conduct secure daily transactions without risking your main account, all thanks to Airtel Safe Pay. Airtel Safe Pay – the safest way to pay – adds an extra layer of security so that no transaction goes through without your approval. With this additional layer of security, you can be assured that your transactions are safe and secure. 

  • Get rewarded for every transaction

Airtel Payments Bank not only makes your life easier and your transactions safer but also offers rewards! That’s right! Airtel Payments Bank rewards its customers for every transaction made using the Daily Transactions Account. Rewards123 program of Airtel Payments Bank rewards for paying at all leading merchants. As you use Airtel Payments Bank to pay for your daily needs, you get exclusive offers and discounts.

  • Explore modern-day investment options

Yes, you read it right! Airtel Payments Bank not just takes care of your present but also looks out for your future by offering modern-day investment options. 

Digi Gold, as the name suggests, is a digital form of gold that you can purchase and sell through the Airtel Thanks App at competitive prices. You can buy 24K 99.50% pure gold at your convenience, which is stored in a secured Brinks vault.

You can also invest in Fixed Deposits (FDs) and enjoy a higher interest rate of 7.75%. Airtel Payments Bank offers FD, where you can start investing from Rs. 500 to Rs. 1,90,000.

Conclusion

Airtel Payments Bank’s Safe Pay is truly a game-changer in the world of online payments. It is a reliable and secure payment gateway that offers enhanced protection to its customers, making Airtel Payment Bank your best bet for a separate daily transaction account. 

So, before you make a payment online, make sure you switch to Airtel Payments Bank – the safest digital account for all your daily transactions. Download the Airtel Thanks App and open your Airtel Payments Bank Account today!

Source

https://indianexpress.com/article/business/banking-and-finance/bank-frauds-involving-cards-internet-cash-rise-in-six-months-8351438/