Scam Alert: Bank of Baroda has warned its customers of this WhatsApp message

Bank of Baroda has shared a circular stating that a video/PDF is being circulated on some WhatsApp groups and social media platforms claiming that BoB customers can receive a loan of Rs 50,000 on joining a WhatsApp group.

Bank of Baroda cautioned its customers against joining any WhatsApp fraudulent groups.

Banking services have become more user-friendly and efficient with advancements in technology. Customers can now pay bills, make payments, and send and receive money within seconds. But hand-in-hand with these technological developments, there has also been a major rise in cybercrime cases across the country. Fraudsters have come up with several ways to dupe individuals by stealing their financial information and hard-earned money. One type of con that has gained prominence in the past few days is WhatsApp scams that claim people will get money if they join a certain group.

In the wake of such issues, the Bank of Baroda has issued a notice warning its customers about a fake notice that has been circulating on the internet. The lender has asked people to not join any fraudulent WhatsApp groups.

Bank of Baroda warns customers about joining fake WhatsApp groups

On its official X handle, the Bank of Baroda shared a circular stating that a video/PDF is being circulated on some WhatsApp groups and social media platforms claiming that BoB customers can receive a loan of Rs 50,000 on joining a WhatsApp group.

"If you have an account with the Bank of Baroda, apply immediately and get Rs. 50,000 absolutely free. Recently, World Digital Loan has been given by the Bank of Baroda, in which you can get a loan of Rs 50,000 sitting at your home in a few minutes & asking to join a WhatsApp group to avail of this facility," the fake message reads as per Bank of Baroda.

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Bank of Baroda went on to caution its customers and stakeholders to not fall prey to such traps and to avoid joining fraudulent groups under any circumstances. The bank's notice also mentioned that it will never ask anyone to join any group or share their personal details like OTP, PIN, or CVV number.

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— Bank of Baroda (@bankofbaroda) August 25, 2023

The lender advised customers to refrain from sharing their personal banking details with unauthorised or suspicious platforms. Individuals should refer to the lender’s official website and social media handles for any information regarding their account.

Rise of fake message scams in recent times:

This is not the first time a bank has issued warnings to its customers about such cons. Earlier, HDFC Bank and the State Bank of India (SBI) advised account holders to remain cautious and not share their personal information with anyone. This came after several customers reportedly received fraudulent messages, asking them to update their bank account or PAN information

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