Current Affairs - Banking - Discussion

Axis Bank introduced the ‘Safety Centre’ on its mobile banking app to empower customers with real-time control over digital banking functions. The feature allows users to manage internet banking, UPI usage, fund transfer limits, and fraud protection tools directly through the app. Key tools include SMS Shield for verifying genuine messages, options to disable internet banking, and restrictions on fund transfers. By enabling self-managed security, Axis Bank aims to prevent unauthorized transactions, address rising digital fraud cases, and reduce dependency on branches or customer support, thereby promoting safer and more convenient digital banking experiences.