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National News

The Times of India

National / The Times of India

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SBI warns of 'Jumped Deposit Scam': What it is and how to stay safe

The State Bank of India has alerted its customers about a rising threat known as the Jumped Deposit Scam, targeting online banking users. In this deceptive scheme, fraudsters make small deposits to build trust before compelling victims to approve larger payments. The bank recommends customers to be vigilant against suspicious communications, immediately block any questionable contacts, and report any unexpected transactions to prevent falling victim to this manipulation.

12 Oct 2026 10:04 am