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UPI Scam- Nowadays, thugs are increasingly targeting UPI users. Therefore, it is very important to be alert. Some precautions should be taken like downloading the official UPI app, verifying UPI ID before making payment, not sharing OTP and avoiding clicking on suspicious links. Read the full news...

Mumbai: Unified Payments Interface (UPI) has become a popular mode of payment for millions of Indians in the field of digital payments and e-commerce. With its convenience and ease of use, UPI has revolutionized the way people transfer money and make purchases. However, like any online transaction, there is always a risk of falling prey to fraudsters and scammers. It is important to be cautious to ensure that your UPI transactions are safe.

By following these tips you can create a safety shield,

1. Use UPI PIN only for deduction-To deduct money from your account, enter your UPI PIN only when initiating a transaction. UPI PIN is never required to receive money. Always keep this in mind.
2. Verify receiver name-Always verify the receiver's name while verifying the UPI ID. Avoid making payments without verification.
3. Enter the UPI PIN on the specified page of the app-PaymentEnter your UPI PIN only on the dedicated UPI PIN page within the app. Keep your UPI PIN secret from everyone.
4. QR code scanning for payments only-Use QR code scanning only to make payments, not to receive money. Ensure the validity of the transaction before proceeding.
5. Do not download unnecessary apps-Do not download screen-sharing or SMS forwarding apps when prompted by unknown persons without understanding their purpose. Be cautious and confirm the need for such apps.
6. Understand the implications of UPI PIN entry-Recognize that entering your UPI PIN leads to a deduction from your account. Authorize the transaction only when you are sure of its validity.
7. Check SMS notifications-Check your SMS notifications regularly, especially when a monetary transaction is completed. Be alert to any unauthorised or unexpected deductions.