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UPI Scam: UPI stands for Unified Payments Interface has made digital payments very easy in India. With its help you can make payment from your mobile phone. UPI payments are also used in big malls and roadside shops. But, some people are taking the wrong advantage of it. Fraudsters have started stealing money from people using UPI. UPI scams are happening to many people. Let us tell you how to recognize it and avoid it. 

 

What is UPI Scam?

In UPI scams, fraudsters try to get your personal information, like your bank account details, UPI PIN, OTP etc. Once they have this information, they withdraw money from your account. Let us tell you how to identify a UPI scam.  

By Lucky Draw

People are called and told that they have won the lucky draw and will get thousands of rupees. The user is then asked to provide the UPI PIN so that the money can be transferred. But fraud occurs as soon as the PIN is revealed. 

Under the pretext of sending money by mistake

People get a message that a lot of money has arrived in their account. Then someone called and said that he had sent the money by mistake and asked to send the money back. In such a situation, you should check that the money has actually arrived. This could be a scam. 

Fake UPI apps

Fraudsters are creating fake UPI apps. In these apps you can scan the QR code and the payment will appear. But this is a scam. Always check whether the money has reached your account or not.

Do these things to avoid

Whenever you use UPI, make sure how much money you are sending and to the right person. Do not share sensitive information like your bank account details, PIN or OTP with anyone.