Kotak Assured Savings Plan
A plan that offer guaranteed returns and financial protection for your family.
Kotak Guaranteed Savings Plan
A plan that offers long term savings and insurance in one premium.
Kotak Health Shield
Insurance against medical expenses related to heart, brain, liver and Cancer.
While cybercrime may not be a new phenomenon, individuals are certainly getting crafty at committing crimes. From fake bank calls and identity theft to cloning cards, they always find a new way to commit crimes. Often senior individuals are targeted. With a sizeable corpus in their accounts and a lack of knowledge to secure them, they become the easy bait for scamsters.
However, securing your accounts isn’t as hard you may imagine it to be. Just using a few tips can help you secure your accounts and keep them protected from fraud.
1. Use Trustworthy App or Website
Thanks to digitisation, most people use bank websites and apps to invest and save. It is vital to use a trustworthy app or website to access your accounts. Here are few tips-
2. Beware of Clickbait Adds
Clickbait ads on some sites can be a virus or a trojan horse for banking theft. You should never click on random ads or open emails that don’t seem authentic. Usually, banks always mention that they don’t send out emails asking for account details or regarding any promotional offers.
3. Don’t Share Sensitive Information
Senior citizens and retirees often need to speak to a banking official to resolve their queries. Please note that no bank official will ever ask you for sensitive information such as passwords, OTP, credit card details, etc. It is necessary to protect yourself from these fake calls. Never share your account details or card details with anyone on the phone or via the internet.
4. Choose Strong Passwords
To make their life easier, many people often set easy-to-guess passwords making them prone to account hacking. When it comes to passwords, follow the below rules-
5. Review Your Account Activity Regularly
Even if you already get a text message every time you make a transaction, you should always check your e-statements regularly and check for any discrepancies. Notify the bank or the concerned party if you notice any discrepancy.
You have worked hard to accumulate a sizeable corpus for your retirement years. Make sure you follow these tips and keep it secured and protected from fraudsters. Some banks also give you a dedicated relationship manager to handle all your accounts. This can help you protect your accounts.
In this policy, the investment risk in the investment portfolio is borne by the policyholder.
Ref. No. KLI/22-23/E-BB/521
