Bad news for fraudsters as Modi govt takes big step by introducing ‘1600 number series’, if you get call from 1600 number then…
It will become easier to identify important calls.
New Delhi: Telecom Regulatory Authority of India (TRAI) has taken sturdy movement against totally different kinds of online frauds which were seen for quite some time. Anil Kumar Lahoti, the Chairman of the Telecom Regulatory Authority of India, has told that telecom firms are going to make exhaust of the ‘1600’ quantity collection. So whilst you receive a name from any quantity starting with 1600, you may bear in mind that this name is coming from unswerving Banking, Monetary Services, and Insurance (BFSI) firms. In a conversation with ET Telecom, Anil Kumar Lahoti mentioned that this collection has been launched namely for transaction and restore calls from the banking, financial, and insurance coverage sectors.
With this initiative, it'll now not be most likely for fraudsters to mumble to be employees of banks or insurance coverage firms. In consequence, it'll turn into more uncomplicated for folk to love which calls are crucial and which of them will even be skipped over.
Consultants rep that with the introduction of this quantity collection, there is known as a decrease in circumstances of fraud as no citizen will acknowledge any calls that attain now not launch with 1600. Furthermore, if a name is answered, the fraudster is probably going now not ready to unusual themselves as an worker of a bank or insurance coverage firm, and consequently is probably going now not ready to achieve the rip-off.
In accordance with Lahoti, telecom firms were assigned the gathering of 1600 numbers. Banking, financial, and insurance coverage firms are receiving this for exhaust. TRAI has additionally informed the regulatory our bodies overseeing this sector to relief the firms under their supervision to undertake this methodology as soon as most likely. It's noteworthy that some BFSI firms comprise already started the usage of this collection. SBI Card is definitely one of the most principle to launch the usage of this collection. With the encourage of this collection, participants can be ready to with out complications title unswerving and salvage calls.
In 2022, a Joint Committee of Regulators was once diagram up under TRAI. It included representatives from RBI, SEBI, the Insurance Regulatory and Construction Authority of India (IRDAI), the Ministry of Dwelling Affairs (MHA), and the Department of Telecommunications (DoT). The committee decided to construct a device for the banking, financial, and insurance coverage (BFSI) sector to curb fraudulent calls made the usage of telecom resources. Because the usage of this methodology will enhance, it'll turn into more uncomplicated for every person to title mandatory calls from the banking and insurance coverage sectors.
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