Scores of bank account holders in Kerala have been duped by fraudsters in the name of the proposed merger of SBI and associate banks. The modus operandi of the fraudsters is something like this. They call up bank customers and convince them that they have to change their ATM cards due to the merger. They, then, collect the details of the card and use it to extract cash from the customers’ net banking accounts.

News Credit: Mathrubhumi