How to Protect Yourself from Financial Scams
You take a ₹25 lakh personal loan to fund your dream business. At an interest rate of 12% annually for five years, your EMI comes to around ₹55,300.
You’re excited and set to grow your business. But one phishing email later, you’re tricked into sharing sensitive details. Your bank account is drained, and now you’re left with a hefty loan to repay.
This isn't just a story; it's a reality for thousands.
In January-April 2024, Indians lost ₹120 crore to financial scams. This blog will help you learn how to protect yourself from such scams and safeguard your hard-earned money.
What Are Financial Scams?
Let’s win ₹25 lakh?” Sounds tempting, right? Scammers often lure victims with such fake messages. They claim you’ve won prizes or qualify for special loans like a ₹25 ...