HDFC Bank Warns Against Fraudulent Investment Platforms

HDFC Bank issued an advisory to its customers, warning them about a rise in fraudulent investment schemes promoted on social media. These schemes promise unusually high returns but often involve fake platforms. The bank emphasizes the need for individual vigilance and advises reporting any unauthorized transactions immediately.

HDFC Bank has alerted its customers to be wary of a surge in fraudulent investment schemes proliferating on social media platforms, which promise high returns.

These schemes often involve fake, automated platforms that display misleading investment returns. The bank stressed the importance of individual vigilance and recommended immediate reporting of unauthorized transactions.

Executive Vice President Manish Agrawal highlighted the need for widespread awareness to combat these schemes. Victims are advised to report incidents to the bank and use the National Cybercrime Reporting Portal.

(With inputs from agencies.)