Customer Data Update

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Why is it important to update the data?

What are the benefits of data update?

Ensure that the Bank uses your latest data as a reference.

Facilitate the verification and transaction process across all channels and Bank services.

Protects you from data misuse and crime by irresponsible parties

What types of customer data do you need to update?

How to update the data?

What are the risks if the customer does not update the data?

Bank is unable to identify the suitability of the profile with the customer's transaction

There is a risk of credit card misuse due to SIM Card Recycle mode by irresponsible parties

Fraud mode related to customer data misuse

SIM Card RecycleWhen you change your mobile number, the Mobile Network Operator will activate and resell the number within a certain period of time. This process is known as SIM Card Recycle. Fraudster can buy back the number and misuse your credit card.If you do not update the data regarding the change in your mobile number to the bank, fraudsters can use this loophole by buying your recycled number and misusing your credit card for transactions.Fraudsters who already know your credit card details (card number, expiry date, CVV code) can then easily transact online using the OTP code which will be sent to your old number. For this reason, it is important to inform the bank if there is a change in your mobile number, to ensure that the OTP code is sent to your new number.

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