Fraud

Starting November 1, telecom users on supported 4G and 5G networks may see the caller's registered name even if the number is not saved in their contacts. While the feature is aimed at reducing spam and fraud calls, finance influencer CA Sakchi Jain warns that a displayed name should not be treated as proof of authenticity. Users must continue verifying callers before sharing banking, financial, or personal information

Finance influencer Monica Malik is warning people about a growing e-PAN scam in which fraudsters send fake emails claiming users can download their e-PAN card. These emails often contain malicious links designed to steal personal, financial and banking information. By mimicking official government communication, scammers trick unsuspecting users into sharing sensitive details. Monica advises downloading e-PAN cards only through official government websites and verifying all communication carefully.

Online scams often leave victims believing their money is lost forever, but RBI's updated compensation framework offers hope. Highlighted by finance influencer Udayan Adhye, the rules shift the burden of proof in certain cases and provide a chance to recover funds. However, quick action is critical. Victims must report the fraud to both their bank and the cybercrime helpline within five days to improve their chances of compensation.

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