• हिन्दी
  • ગુજરાતી
  • বাংলা
  • తెలుగు
  • मराठी
  • ಕನ್ನಡ
  • money9
  • Insurance
  • Saving
  • Mutual Funds
  • Mirae Asset MF
  • Breaking Briefs
downloadDownload The App
Close
  • Home
  • Videos
  • Podcast
  • Banking
  • Bulletin
  • Gold
  • Healthcare
  • Real Estate
  • Tax
  • Travel
  • Survey 2023
  • Survey Report
  • Breaking Briefs
  • Insurance
  • Savings
  • Loan
  • Crypto
  • Investment
  • Mutual Funds
  • Real Estate
  • Tax
  • Exclusive
  • Home / Banking

Digital banking: Nine tips for senior citizens to stay safe and secure

Senior citizens are also jumping into the digital bandwagon where security is a big concern

  • Money9
  • Last Updated : September 13, 2021, 11:31 IST
  • Follow
  • Follow

Banking in today’s age is fully technology driven and with technology getting more and more significant, security of an individual’s fund is becoming extremely crucial. Quite often, we come across incidents where cyber frauds have tried extracting money from unsuspecting citizens. While digital banking has made our finances convenient, it has also made us more vulnerable. Senior citizens are also jumping onto the digital bandwagon for the convenience but experts say they must be aware of the security needs.

With the rise in digital payments, scamsters and fraudsters who have been eyeing this space have come up with their own version of clones to target senior users as they are not aware of all technological nitty-gritty. Moeny9 spoke to multiple experts to make a 9-point guideline for seniors to make themselves safe and secure.

9-point guide

1. Mails and SMS containing information of you winning money are completely fake. Hence, never click on suspicious-looking or too-good-to-be-true offers.

2. Never share your bank account password and user ID with anybody except one or two very close family member of yours. No bank, financial institution or any official ever asks for your ID or password.

3. Do not give any attention to SMS, which said, ‘Your debit card or account is blocked due to non-compliance of KYC’. These types of messages are all fakes, if you get anything like this, then go to your branch and talk to the manager directly.

4. Do not use the same password on every service and banking app, this is a very bad idea. Use unique, strong passwords on every site and app you use. You can use your browser or mobile device’s built-in password manager.

5. Always log yourself out. Make sure you don’t leave any account open when you go away from your computer, phone or another devices.

6. Fraudsters often share a QR code over multimedia apps like WhatsApp and ask people to scan it in order to receive money. Remember, there is no feature which allows you to scan a QR code to receive money. Do not scan any QR code and fall into the trap.

7. Another thing to be wary of is an urgent money transfer request from a close friend or relative on a social media channel, be it Facebook, Instagram, LinkedIn or even WhatsApp. These are fakes and if you get anything like this, then first contact the person who sent the message.

8.  No matter how urgent, never use public WiFi for money transfer. Use safe and secure trusted network of your home.

9. You should make your bank account OTP or biometric protected while paying the money through mobile app or internet banking facility. All registered banking apps have this facility. Do not use any suspicious apps.

Expert view

Experts warn senior citizen to be very alert as they are the soft target of the scamstars. “Any message, link or call related to any financial transaction and/or KYC oriented information should be avoided. The seniors should not panic and should never provide any information and immediately communicate with the bank,” said Rajarshi Rai Choudhury, cyber lawyer and founder director, Cyber Guru.

“If you experience anything like that then first disconnect the internet connectivity so the remote access by the fraudsters gets disconnected. Then communicate with the bank’s customer care number and also inform the matter to the local police station and any cyber expert.” added Rajarshi.

“Usually, a scamster hacks into someone’s account and sends a request which is false but appears to be real. The customer needs to be vigilant to cross-validate such a request via a phone call or other methods. With the increasing usage of social media for interactions, this fraud is becoming quite common among senior citizens too,” said Somsubhra Gupta, an ethical hacker and an IT professor.

Published: September 13, 2021, 11:16 IST

Download Money9 App for the latest updates on Personal Finance.

  • cyber fraud
  • digital banking
  • digital payments

Related

  • केनरा बैंक ने सभी बचत खातों में न्यूनतम शेष पर जुर्माने को खत्म किया
  • SBI ने FD पर ब्याज दर में 0.20 प्रतिशत की कटौती की
  • बैंक ऑफ महाराष्ट्र ने रिटेल लोन दरों में 0.25 प्रतिशत की कटौती की
  • इंडसइंड बैंक का बड़ा कदम, डेरिवेटिव अकाउंट में मिली गड़बडि़यों की वजह पता करने के लिए पेशेवर कंपनी की नियुक्त
  • बैंक जमा पर बीमा की सीमा बढ़ाने से बैंकों के मुनाफे पर होगा असरः इक्रा
  • बैंक डूबा तो अब मिलेंगे 8-12 लाख! सरकार बढ़ा सकती है इंश्योरेंस लिमिट

Latest

  • 1. Know the correct way to get KYC done!
  • 2. Why health insurance claim gets rejected?
  • 3. Power to Respond!
  • 4. What is Asset Under Management?
  • 5. No Worries on Medical Expenses!
  • Trending Stories

  • सेंसेक्स की शीर्ष 10 सबसे मूल्यवान कंपनियों में से आठ का बाजार पूंजीकरण 1.65 लाख करोड़ रुपये घटा
  • देश के सकल घरेलू उत्पाद में पर्यटन उद्योग का योगदान 2030 तक सात प्रतिशत से अधिक होगा : विशेषज्ञ
  • नेपाल ने भारतीय ग्रिड के जरिये बांग्लादेश को 40 मेगावाट बिजली का निर्यात शुरू किया
  • हीरो फिनकॉर्प ने प्री आईपीओ राउंड में 260 करोड़ रुपये जुटाए
  • मनोहर लाल ने फतेहाबाद परमाणु ऊर्जा परियोजना की प्रगति की समीक्षा की
  • TV9 Sites

  • TV9 Hindi
  • TV9Telugu.com
  • TV9 Marathi
  • TV9 Gujarati
  • TV9 Kannada
  • TV9 Bangla
  • News9 Live
  • Trends9
  • Tv9tamilnews
  • Assamtv9
  • Malayalamtv9
  • Money9 Sites

  • Money9 Hindi
  • Money9 English
  • Money9 Marathi
  • Money9 Telugu
  • Money9 Gujarati
  • Money9 Kannada
  • Money9 Bangla
  • Money9live
  • Topics

  • Insurance
  • Savings
  • Loan
  • Stocks
  • Mutual Funds
  • Real Estate
  • Tax
  • Crypto
  • Exclusive
  • Follow us

  • FaceBook
  • Twitter
  • Youtube
  • Instagram
  • Linkedin
  • Download App

  • play_store
  • App_store
  • Contact Us
  • About Us
  • Advertise With Us
  • Privacy & Cookies Notice
  • Complaint Redressal
  • Copyright © 2025 Money9. All rights reserved.
  • share
  • Facebook
  • Twitter
  • Whatsapp
  • LinkedIn
  • Telegram
close