ICICI Bank issues alert on instant loan fraud, provides safety guidelines
ICICI Bank has cautioned its users regarding instant loan scams, where fraudsters employ deceptive apps and promises of rapid loans to misappropriate funds and personal data. The bank recommends that customers steer clear of unrequested loan offers, especially those that claim to bypass credit verification or documentation requirements. Furthermore, the bank emphasized that legitimate lenders do not request advance payments and strongly advised users against disclosing sensitive information such as Aadhaar data, OTPs, passwords, CVV codes, or banking credentials.
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