SBI alerts customers about rising 'Jumped Deposit' online banking scam.

The State Bank of India has issued a warning to its customers about an increasing fraud scheme known as the Jumped Deposit Scam. This scam targets users of digital banking services. Criminals first make small, unsolicited deposits into a victim's account to establish trust. They then use this trust to manipulate the victim into authorizing a much larger fraudulent payment. The bank advises customers to block suspicious contacts and report any unexpected transactions immediately.