NS reserve Bank of India Warned the public on Monday against fraud in the name of updating know your Customer Or key description. The regulator also cautioned the public against sharing any personal or financial information with unknown persons.

The latest set of warning comments comes after reserve Bank of India There were many complaints and reports of customers being victims of fraud in the name of KYC updation.

The regulator said the usual modalities in such cases include receiving unsolicited calls, emails or messages from unknown persons, urging the customer to share personal blasts such as account login, card or PIN information.

“Such communication also contains information regarding threatening to freeze or block/close the account,” RBI said in a communication. “Once the customer calls/messages/shares information on unauthorized applications, the fraudsters access and defraud the customer’s account.”

RBI cautioned the public against sharing account login details, personal information, copies of KYC documents, card details, PIN, password, OTP etc. with unknown persons or agencies. It also said that such information should not be shared through unverified or unauthorized websites.

RBI also advised banks that no restrictions will be imposed on the operation of such accounts till December 31, 2021, in the accounts where KYC is yet to be updated.