SBI YONO APP BASED FRAUD: A BANE OR BOON योनो SBI ऐप फ्रॉड से कैसे बचे।

With covid-19 disrupting in-branch banking, banks’ apps have seen a surge in new users. The State Bank of India’s (SBI) Yono app has reportedly been adding 70,000 new users every day. SBI chairman Rajnish Kumar told Mint earlier in September that the number of registered Yono users has hit 27 million at present against 20 million on 5 March.
As more and more first-time app users come on board, the chances of fraud also climb. Here are a few things that new users should keep in mind to avoid being defrauded.
The first step is to download the app safely. “Not all apps on Play Store or App Store are legitimate. Before downloading any app, go through reviews and do research on the developer. Register for SMS banking so that you get updates on banking transactions. This helps report fraudulent transactions quickly," said C.S. Sudheer, founder and CEO of IamCheated.com, a site that addresses consumer complaints for online fraud.