Due to the rise in UPI usage, there is a significant chance of experiencing banking fraud. A number of cases of fraudsters taking advantage of UPI users have surfaced in recent years.

One of the most well-liked ways to make payments online is UPI

Its effectiveness has led to its widespread use. Due to the rise in UPI’s usage, there is a significant chance of experiencing banking fraud. A number of cases of fraudsters taking advantage of UPI users have surfaced in recent years. To lessen the likelihood of fraud, there are various measures in place. Adopting these will help you avoid UPI scams.

Never divulge your UPI or PIN during

calls or messages from customer support. Official personnel will never request your PIN, but scammers will attempt to obtain it through calls and SMS. If someone is asking you for your PIN information in such a case, always check the details of the SMS sender or caller. It’s likely that the caller is a scammer.

Never allow customer service agents access to your

computer or mobile device while they are claiming to update your KYC or make any critical changes to your bank account or app. These persons have the ability to steal from your account and commit fraud.

Avoid any website that offers you

awards, cashback, or money in exchange for your business. Such websites’ goal is to learn your PIN. To secure your account, it’s a good idea to change your UPI’s PIN at least once every three months. Additionally, UPI allows you to set a daily transaction cap.

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