What is OTP scam and how can you protect yourself from being scammed online: Step-by-step guide

As the number of online scams continues to grow in today’s digital world, the government warns about OTP scams. As reported by the Reserve Bank of India (RBI), there has been a rise of financial scams related to OTP fraud. In spite of building security measures, people are facing such scams.

RBI further highlights that there is a lack of knowledge about financial management among many Indians. This has eventually led to the rise in OTP fraud.