New Double OTP System Launched to Protect Senior Citizens from Cyber Fraud
Good news for senior citizens: Money in this bank can now only be transferred by double OTP verification one to a/c holder and another to trusted contact
Image: The Economic Times
A new initiative by the Haryana Police introduces a double OTP verification system aimed at safeguarding senior citizens from cyber fraud. Under this system, both the account holder and a trusted contact must provide OTPs for any bank transaction, ensuring greater security. Currently, this service is available at HDFC Bank branches in Gurugram and Faridabad.
- 01The double OTP system requires OTPs from both the senior citizen and a trusted contact for money transfers.
- 02This initiative is aimed at individuals aged 60 years and above to combat cyber fraud.
- 03The system is currently implemented at HDFC Bank branches in Gurugram and Faridabad.
- 04IPS Upasana, the SP/CID of Haryana Police, announced the initiative on social media.
- 05The service is voluntary for senior citizens, providing them with an option to enhance their transaction security.
Advertisement
In-Article Ad
The Haryana Police, led by IPS Upasana, has launched a significant initiative to protect senior citizens from cyber fraud and scams involving money. This initiative introduces a double OTP verification system, which requires both the account holder, aged 60 years and above, and a trusted contact or family member to provide OTPs for any money transfer. The transfer will only proceed once both OTPs are verified by the bank, effectively preventing unauthorized transactions. Currently, this service is available at HDFC Bank branches in Gurugram and Faridabad. This voluntary system aims to empower senior citizens by providing them with an additional layer of security during banking transactions. IPS Upasana emphasized that this initiative is crucial in safeguarding the financial interests of senior citizens, helping them avoid potential losses from cyber crimes and scams. The introduction of this double OTP system is a proactive measure to ensure that senior citizens can conduct their banking activities with confidence and security.
Advertisement
In-Article Ad
This initiative will help senior citizens in Haryana secure their finances against cyber fraud, providing peace of mind during banking transactions.
Advertisement
In-Article Ad
Reader Poll
Do you think double OTP verification should be mandatory for all bank transactions?
Connecting to poll...
More about HDFC Bank

भारतीय कंपनियों की वैश्विक रैंकिंग में गिरावट, टॉप-100 में कोई नहीं
Aaj Tak • May 19, 2026

HDFC Bank Updates Regalia Gold Credit Card Lounge Access and Rewards Policy
Business Standard • May 19, 2026
Bharti Airtel Surpasses HDFC Bank in Market Capitalization Amid Stock Surge
Business Standard • May 18, 2026
Read the original article
Visit the source for the complete story.



