RBI, as a part of its financial literacy programme, constantly seeks to caution the general public through print media, electronic media and on its web site not to get enamored by the false promises made in such e-mails. 16.
Banks have also been instructed to consider feasibility of using digital signatures for large value payments in RTGS and capture of IP address as an additional validation check. The Reserve Bank has mandated additional factor of authentication for all Card Not Present (CNP) transactions.