State Bank of Travancore stops e-mail instruction to transfer money

State Bank of Travancore (SBT) stops e-mail instruction to transfer money.

State Bank of Travancore (SBT) has stopped facility of transfer of funds based on e-mail instruction from customer to prevent frauds. Frauds in transfer of money, based on e-mails have been on the increase recently. In order to protect depositors’ money and to prevent frauds, the facility of transfer of funds based on e-mail instructions from customers has been stopped henceforth

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