International Day of Older Persons: Cybersecurity Tips for Senior Investors

Posted on Tuesday, September 30th, 2025 | By IndusInd Bank

Every year on 1st October, the world celebrates the International Day of Older Persons—a day dedicated to honouring the wisdom, care, and contributions of our elders. It’s a time to reflect on what really matters: their well-being, dignity, and peace of mind.

While we often focus on health and happiness, there’s another pillar of security that deserves attention—financial safety. Especially in today’s digital world, where banking and investing happen on phones and laptops, protecting one’s money online is just as important as locking the front door.

Many senior citizens prefer tried-and-tested investment options such as Fixed Deposits and Mutual Funds. They’re steady, familiar, and reassuring. But unfortunately, fraudsters know this too. Scammers often target seniors with fake messages, cloned websites, or phone calls promising “exclusive offers” that lead to financial traps.

The good news is: you can stay safe without becoming a tech expert. A few small habits and a touch of awareness can go a long way in protecting your life’s savings. Think of this as your gentle guide to building confidence in the digital world—so you can enjoy the convenience of online finance with complete peace of mind.

Why Senior Citizens are Often Targeted?

Technology has changed faster than anyone expected. For many seniors, it’s like being asked to speak a new language overnight. And fraudsters know exactly how to take advantage of that.

Here are a few reasons why they often target older investors:

• A lifetime of trust: Many seniors grew up in a world where a handshake and a promise were enough. So when someone calls claiming to be from a “bank” or sends an email with a familiar logo, it’s natural to believe them.
• High-value savings: Decades of disciplined saving make seniors appealing targets. Fraudsters see them as people with stable portfolios and steady funds.
• Limited digital experience: Some seniors still find online portals or apps confusing, making it easier to click the wrong link or share sensitive details unknowingly.
• Dependence on others: Asking a neighbour, a relative, or a third-party agent for help can be convenient—but not always safe if that person isn’t trustworthy.

This doesn’t mean seniors are helpless—it simply means awareness is the new shield. Once you know how scams work, you’ll spot the warning signs instantly.

Common Cyber Threats to Watch Out For

Here’s what scammers often do—and how they disguise it.

1. Phishing Emails and Messages

Imagine receiving a message saying, “Congratulations! You’re eligible for a special FD rate just for senior citizens. Click here to book now.”

It might look real, complete with your bank’s name and logo. But it’s a trap—a fake link designed to steal your login details.

2. Cloned Websites

Fraudsters create websites that look exactly like genuine bank or AMC portals. You enter your password, thinking it’s safe, but it goes straight to them.

3. Fake Calls About Redemptions

A scammer might call pretending to be a “relationship manager” saying your Mutual Fund is maturing and needs confirmation. Once you share an OTP, they process an unauthorised redemption.

4. KYC Misuse

Your PAN, Aadhaar, or bank details can be misused to open accounts or move money illegally.

5. Fake Apps

Some scammers publish fraudulent apps with names similar to genuine financial platforms. Once installed, they capture your personal data.

These scams often start with urgency: “Act now,” “Offer ends soon,” or “Your account will be blocked.”

When you see pressure, pause—legitimate institutions never rush you.

How to Protect Your Fixed Deposits?

Your Fixed Deposits are meant to offer security, not stress. Here’s how to keep them safe:

• Transact only through official sources: Visit your bank branch, official website, or mobile app
• Ignore suspicious links: Don’t click on offers or emails claiming special interest rates
• Enable alerts: Register your email and mobile number to get instant updates on FD activity
• Use strong, unique passwords: Mix letters, numbers, and symbols. Update them regularly
• Never share OTPs: Even if someone says they’re from the bank, genuine staff will never ask for them

Think of these as digital locks—simple but powerful.

How to Secure Your Mutual Fund Investments?

Mutual Funds often require online access for purchases or redemptions. To protect them:

• Use only verified platforms: Stick to official AMC websites, or registrars like CAMS and KFintech
• Update your contact details: Always keep your phone number and email ID current to receive all alerts
• Turn on two-factor authentication: It adds an extra layer of security
• Check your statements regularly: Review folios to ensure no unauthorised transactions
• Avoid responding to offers: Be cautious if someone promises “bonus returns” or “free upgrades”—no genuine AMC does this

When in doubt, call your AMC’s official helpline directly to confirm.

How Banks and AMCs are Helping You Stay Safe?

You’re not alone in this. Banks and Asset Management Companies (AMCs) are constantly strengthening their systems to protect investors:

• Secure encryption keeps your personal data private.
• Biometric logins add extra safety for mobile users.
• Fraud detection tools flag unusual transactions.
• RBI and SEBI issue strict guidelines to safeguard senior investors.
• Many institutions offer dedicated helplines and senior citizen support desks for personalised assistance.

But even with all these measures, the most powerful defence is your awareness.

What to Do If You Suspect Fraud?

If something doesn’t feel right—maybe you received a strange message or notice unusual activity—don’t wait.

Here’s what to do:

1. Contact your bank or AMC immediately and report the issue
2. Change all your passwords—especially for net banking or investment accounts
3. Freeze accounts temporarily if advised by your bank
4. Report the case at https://cybercrime.gov.in
5. Inform your relationship manager or branch for further help
6. Keep evidence—like emails or SMS—for investigation

Quick action can stop small issues from becoming big problems.

A Gentle Reminder: Stay Curious, Stay Cautious

You’ve managed your finances wisely for decades—don’t let a few online tricks shake that confidence.

You don’t need to fear technology; just approach it like you would a new recipe—read carefully, take your time, and don’t rush.

If something feels unclear, ask for help. Reach out to your bank, a trusted family member, or a relationship manager.

Remember: it’s always okay to double-check before clicking.

Cybersecurity isn’t about being suspicious—it’s about being smart.

Final Thoughts

This International Day of Older Persons, let’s celebrate more than just wisdom and experience—let’s celebrate awareness.

You’ve worked hard to build your savings. With a few simple habits and the right information, you can protect them with confidence.

• Use official channels
• Never share OTPs or passwords
• Stay alert to messages offering quick gains
• Ask when in doubt

Your bank is here to support you with secure technology, helpful resources, and trusted advice. Together, let’s ensure your digital journey stays safe, simple, and stress-free.

Because your money deserves the same care you’ve always given your family—thoughtful, cautious, and full of love.