Summary
They use a computer system to spot bad phone numbers.
If a number looks risky, the bank stops the payment.
This has saved a lot of money for families.
Key Points
4 points1
Saved more than five thousand crore rupees in 15 months.
2
Works with banks, phone companies, and police.
3
Checks each payment in just a split second.
4
People can report suspicious calls to help.
New Words to Learn
19 wordscyber fraud
tricks that steal money using computers or phones
financial
related to money
telecommunications
companies that provide phone and internet services
intelligence
information that helps find problems
prevented
stopped before it happened
risk
chance that something bad could happen
real‑time
happening instantly
fraudulent
dishonest or cheating
transaction
a money exchange, like buying something
onboarding
the first steps when a new customer starts using a service
monitoring
watching closely
mule accounts
fake bank accounts used to move stolen money
recovery
getting lost money back
stakeholders
people or groups who are involved
securities
investments like stocks or bonds
demat
an electronic way to keep investment papers
pension
money saved for when you stop working
verification
checking if something is true
authentication
proving who you are
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