Financial Fraud Prevention Tips Highlighted at Delhi’s Arthsutra Samvad Event

A special “Arthsutra Samvad” program was held at an educational institution in Delhi-NCR. The event focused on curbing financial fraud and enhancing public financial literacy. It was organized under a broader campaign by the Reserve Bank of India.

This initiative aims to spread crucial knowledge about financial discipline and online fraud prevention. The core goal is to simplify personal finance for better public decision-making.

Police and Experts Warn Against Aadhaar Misuse

Bajaj Finance Limited organized the event with enthusiastic student participation. Dr. Pranay Kumar, an ACP of Badli, addressed the gathering. He stated that criminals often misuse Aadhaar cards for fraud.

He explained that photocopies submitted for services can reach fraudsters. Since Aadhaar is linked to bank accounts, this gives access to sensitive financial data. He advised using a driving license or voter ID instead of an Aadhaar copy when possible.

The officer stressed the critical importance of awareness. He urged everyone to remember the cyber fraud helpline number, 1930. He also warned students about emerging digital arrest scams and fake WhatsApp investment groups.

Financial Literacy Deemed Essential for Economic Growth

Dr. Sukhdeep Singh, a professor from the Institute of Economic Growth, Delhi, also spoke. He emphasized that financial literacy is essential for everyone. It is particularly vital for rural communities and young professionals.

He noted that effective literacy helps people manage savings and loans wisely. It also protects them from common financial scams. These programs empower individuals and contribute to the nation’s overall economic growth.

The “Arthsutra Samvad” program uses workshops and interactive sessions. It covers topics like savings, responsible borrowing, and emergency security. Participants are guided to adopt strong financial discipline and mental resilience.

The recent “Arthsutra Samvad” event underscores a national push for better financial fraud prevention. This educational effort is key to safeguarding citizens and strengthening India’s economic foundation.

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What was the main purpose of the Arthsutra Samvad event?

The event aimed to enhance financial literacy and awareness. Its core goals were to teach financial discipline and prevent online fraud.

What is the biggest Aadhaar-related fraud risk?

Criminals misuse photocopies of Aadhaar cards submitted for services. This gives them access to bank accounts linked to the Aadhaar number.

What is the helpline number for cyber fraud?

The national helpline number for cyber fraud complaints is 1930. Officials advise calling it immediately after a suspected incident.

Who benefits most from financial literacy programs?

Programs like these are essential for rural communities and young professionals. They empower individuals to manage money wisely and avoid scams.

What is a digital arrest scam?

It is a type of cyber fraud mentioned by police officials. Scammers falsely claim a victim is under arrest to extort money.

Trusted Sources: Information contained within this article was compiled from official event details and statements made by participating officials and academics.