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The Economic Times
The Economic Times
Business
Neelanjit Das

Good news for senior citizens: Money in this bank can now only be transferred by double OTP verification one to a/c holder and another to trusted contact

IPS Upasana who is the SP/CID of Haryana Police has announced on X, a new key initiative for the benefit of senior citizens (individuals aged above 60 years and aboveage) to protect them from cyber fraud, digital arrest and other scams involving money. This key initiative is the double OTP system.

Under the double OTP system, both the senior citizen (the account holder) and a trusted contact of theirs or their family will receive two OTPs. Once both the OTPs are given to the bank, then only money can can be transferred; else it will be stopped.

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