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UPI users be careful! Money can be lost as soon as you enter the PIN, fraudsters have come up with a new way to cheat, know how to protect yourself: UPI Jumped Deposit Scam

News Update | January 13, 2025 7:24 PM CST

Overview: UPI users be careful! Money can disappear as soon as you enter your PIN

UPI Jumped Deposit Scam: With the increasing use of Unified Payments Interface (UPI) for money transactions, it is important to be cautious of potential scams that can lead to monetary losses. One such scam is the jumped deposit scam, which is targeting UPI users. This is a type of financial fraud, which targets UPI users.

How does UPI Jumped Deposit Scam happen?

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In this scam, the fraudsters first lure the victim into depositing a small amount in their bank account through UPI. After this, they request to withdraw a large amount immediately. After receiving this amount the user can bank account check Can do. To open bank details, the victim must enter their personal identification number (PIN), thus authorizing the fraudulent withdrawal of funds. As soon as he or she enters the PIN, the scammers get access to your account.

Tamil Nadu cyber crime police warning

In this era of digital transactions, where fraudsters are always lurking, people need to be alert. Tamil Nadu Cyber Crime Police had already warned people to beware of such frauds. “Fraudsters take advantage of the recipient's curiosity about the unsolicited deposit to gain access to the money,” The Hindu quoted officials as saying.

How to keep yourself safe?

Now the question arises that how can you protect yourself from such scams. As the saying goes, 'prevention is better than cure', the same applies in this case too.

How to avoid jumped deposit scam?

If you see a windfall deposit amount in your bank account, wait for 15-30 minutes before checking your bank balance. This is advisable as withdrawal requests usually expire after some time.
If you can't wait or don't have that much time, try entering the wrong PIN intentionally. This method is better for rejecting previous transactions.
If you notice any unexpected deposits, notify your bank immediately. Report to your nearest cyber crime police station or portal.
Never share your PIN with anyone, especially unknown persons, who may try to defraud you.

What to do if you become a victim of jumped deposit scam?

If you have already been a victim of a jumped deposit scam, it is important to act immediately:

Report the fraud at your nearest cyber crime police station or file a complaint on the National Cyber Crime Reporting Portal.
Contact your bank to report a fraudulent transaction.