Banking News

RBI cautions on ‘All Bank Balance Enquiry’ App


In its press note dated April 11, 2015  RBI cautions public   on ‘All Bank Balance Enquiry’ App. The communique says that it has come to the notice of the Reserve Bank of India that an app (application) is doing rounds on What’s App purportedly to facilitate checking of balance in customers’ bank accounts. The application has an RBI logo with the title ‘All Bank Balance Enquiry No’ and has listed several banks with either a mobile number or call centre number.

The Reserve Bank  clarifies  that it has not developed any such application. It states that members of public are, therefore, advised to use the application, if at all, at their own risk.

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