Zerodha’s Nithin Kamath warns against scam which could drain your bank accounts | Watch Video

Zerodha’s Nithin Kamath warns against scam which could drain your bank accounts | Watch Video

1 minute, 4 seconds Read

Several people losing their savings to online scammers posing as police, Customs or CBI officials is not a new thing. People often also become the victim of cyberfraud and lose ther earnings by just clicking on a link received from an unknown number. Now, Zerodha’s Nithin Kamath has shared a video and warned social media users against a new scam which could potentially drain bank accounts.

The video, made by Zerodha, explains the modus oprendi of scammers once they get hold of a phone, whom they target, and how people can protect themselves from such scams.

A video shows how an unknown person approaches people on the street asking for a phone to make an important call claiming that his phone battery had died. Some people refuse to give their phone to a stranger. However, a senior citizen handed over his phone when the stranger said he would take only one minute.

But it becomes too late for a person to realise that the act of kindness had actually emptied his bank account.

The 4.2-minute video also highlights that the phone is the key to digital life, messages, bank accounts and personal matters, but one emergency call scenario could prove a trap and make a person the victim of a financial trap.

“Imagine this:

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