New Delhi, June 15 -- The Reserve Bank of India (RBI) has cautioned customers against allowing their bank accounts to be used by third parties for receiving or transferring money, warning that such arrangements are often linked to cybercrime and financial fraud.

The advisory, issued through the 'RBI Kehta Hai' financial awareness campaign, comes as regulators and law-enforcement agencies step up efforts to identify and curb money mule networks that help fraudsters move illicit funds through the banking system.

The central bank said customers should maintain exclusive control over their accounts and banking credentials, adding that individuals who knowingly allow their accounts to be used for unlawful transactions could face legal conseq...