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Instapay issues urgent bank alert
The Instapay article provides important warnings to users regarding the increasing attempts of electronic fraud, as scammers rely on impersonating bank employees and fake communications to steal banking information. The article emphasizes the importance of not sharing verification codes (OTP) and sensitive data such as passwords and bank account details with any untrusted parties, as such information could lead to account breaches and loss of funds. It also notes that the app charges a fee of 0.1% on instant transfers, with maximum limits for daily and monthly transactions, aimed at enhancing transaction security and reducing the risk of fraud. The article explains how to make transfers via the app and highlights the need to be cautious of calls or messages requesting confidential information, noting that bank employees do not ask for OTPs over the phone or through messages.
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