📢 PM Modi’s Masterclass on Digital Banking!
From KYC to OTP, the PM Shares Safety Rules Every Citizen Should KnowPrime minister Narendra Modi, in the 131st edition of his monthly radio programme “Mann Ki Baat,” addressed the nation on digital banking safety and practices — urging citizens to be vigilant and follow secure habits while using online financial services such as bank accounts, UPI payments, pensions, subsidies and insurance.🧾 1. What Is KYC — And Why It MattersModi spoke at length about KYC (Know Your Customer) — the mandatory process used by banks and financial institutions to verify your identity, address and legitimacy. He explained that:
✔ Never share OTP or sensitive banking information with anyone
✔ Update passwords regularly to prevent unauthorised access
✔ Stay alert against calls, SMS or links that seem suspicious
✔ Safe wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital habits protect your money and contribute to a stronger economy Disclaimer:The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
- KYC helps protect your money and personal information.
- If banks repeatedly ask you to update or re‑KYC, it’s not a nuisance — it’s a security step to keep your account safe as more services (pension, subsidy, insurance, UPI) get linked to your bank account.
- Fake calls claiming legal action or “digital arrest”
- Fraudulent links that appear to come from banks
- Impersonation attempts to collect sensitive information
- Keeps your bank account active and secure
- Prevents fraud and unauthorised access
- Helps the banking system keep track of the correct holder of the account
- Supports financial inclusion by linking welfare schemes securely to citizens’ accounts
✔ Never share OTP or sensitive banking information with anyone
✔ Update passwords regularly to prevent unauthorised access
✔ Stay alert against calls, SMS or links that seem suspicious
✔ Safe wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital habits protect your money and contribute to a stronger economy Disclaimer:The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.