Rakshabandhan usually starts the festival season. People also do shopping at the festival. In the coming months, this season of festivals like Dussehra, Diwali, Christmas and New Year is full of happiness and festivals. It is common for the family to buy and take gifts at this time, new clothes, jewelry, home deck items and personged gifts for the family. Also, this is the time when huge discounts, flash cells and promotional offers are going on on e-commerce sites that entice customers. However, ignoring financial security in this race of shopping may be overwhelming. Come, we discuss some such important things here, so that your budget does not deteriorate and the festival also celebrates well.
Beware of very cheap deals
According to Bajaj Finance, if a deal looks very much, then be careful. Such offers often bring fraud portals that take advance payment, but neither delivery nor give any service support on time. Always shop from reliable websites or stores.
Be cautious with credit card fraud
Credit card fraud cases increase rapidly in festivals. Never share your card information with a shopkeeper or an unknown person. In online shopping, if a person calls and asks you card number, CVV or OTP, then understand that this is a fraud call.
Avoid data farming
Do not share your bank or card information on social media or website at all. Many websites collect personal information and sell data to scammers, which can lead to unauthorized transactions. No matter how big an offer, never share your bank details.
Take eMI offer very thoughtfully
Before purchasing the product on EMI at the festival, please check whether the institution offering an offer is a reliable financial institution. If there is confusion about your eligibility, contact the customer care and confirm.
Follow these safety tips in online shopping:
- Be cautious to avoid credit/debit card fraud, fishing attack and fake websites.
- Focus on awareness campaigns being run by the Reserve Bank and banks.
- Set the transaction limit on all your cards and net banking, this will help you stay in the budget and avoid big frauds.
- Before shopping on any e-commerce site, check that the URL of the website is starting from “(note:” is considered unsafe).
- RBI has made multi-layer authentication mandatory-keep an eye on OTP and notifications on every transaction.
Do not click on fake link or message
Do not click on the unknown link coming through email or SMS. Use antivirus, firewall and authentication software in your mobile or computer. These protect your device from malware.
Latest business news
