<h1>Private Bank Adds Lock on Term Deposits to Prevent Premature Digital Closure Under New Security Rule</h1> A private sector bank in India has introduced a new security feature allowing customers to lock their term deposits against premature digital closure. Once activated via the bank's mobile app or branches, this feature disables the option to close fixed deposits through internet or mobile banking, requiring in-branch verification for any premature withdrawal. This measure aims to reduce unauthorized access and digital fraud risks, particularly protecting customers unfamiliar with digital platforms. The bank has also implemented enhanced authentication through an in-app OTP system to further safeguard against fraud. These initiatives reflect the bank's commitment to strengthening digital security and protecting customer funds from cyber threats.