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India Post Payments Bank Cautions Its Customers From Cyber Frauds

India Post Payments Bank (IPPB) has been established under the Department of Posts, Ministry of Communication with 100% equity owned by the Government of India

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Due to the rise in multiple fraudulent activities where fraudsters open fake accounts in the name of villagers, tribals and not-so-literate people by giving the impression that account holders would get monetary benefits, India Post Payments Bank (IPPB) has warned its customers from cyber frauds. These accounts are used for illegal money transactions in various cyber-crimes beyond the knowledge of the actual account holders.

IPPB further advise that customers should not use the mobile number of any third person for bank account opening, and customers are advised not to accept or send any money without knowing the genuineness of the transaction. IPPB also advised not to share their IPPB account details with people luring job offers or people offering opportunities to make easy money via social media.

India Post Payments Bank (IPPB) has been established under the Department of Posts, Ministry of Communication with 100 per cent equity owned by the Government of India. IPPB was launched by Prime Minister,  Narendra Modi on 1 September 2018. 

IPPB does periodical updating of customer identification data post account opening & their transactions are also monitored in order to protect them from misuse by such fraudsters.

IPPB is committed to providing a fillip to a less cash economy and contributing to the vision of Digital India. India will prosper when every citizen will have equal opportunity to become financially secure and empowered. Our motto stands true - Every customer is important; every transaction is significant and every deposit is valuable.  


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