For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Wish To Avail SBI EMI Moratorium: You Don't Need To Share OTP

|

The leading state-run lender SBI via its official twitter handle informed bank's borrowers that if they wish to avail moratorium facility on various credit facilities, they do not need to share one-time password or OTP with the bank. Likewise, the bank cautions customers against responding to such messages.

Wish To Avail SBI EMI Moratorium: You Don't Need To Share OTP
 

"Cyber fraudsters keep finding new ways to scam people. The only way to beat the #cybercriminals is to #BeAlert & be aware. Please note that EMI Deferment does not require OTP sharing. Do not share your OTP", said SBI in a tweet.

As per the bank, SBI borrowers get a hoax call wherein they are asked to share the OTP received on their registered mobile number for availing the EMI deferment facility and once they share the OTP, the amount is siphoned off their bank account immediately.

Notably as per the bank's site, deferment of EMI debited either via National Automated Clearing Hospital (NACH) or standing instruction or EMI refund may take some 7 working days.

Also, those borrowers who do not wish to stop the EMI payment need not do anything. And for them EMI will be debited as per the specified instructions.

Read more details on SBI Loan and credit card moratorium, here.

After the RBI's call to allow banks moratorium on all fixed term loans, banks have started to offer deferment facility on various credit facilities, including credit cards.

GoodReturns.in

Read more about: rbi loans emi
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more