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UPI Fraud Alert: 5 silly mistakes to avoid while paying via UPI

More than 80,000 UPI-related frauds are reported in a month in India, according to media reports. 

Never Share UPI ID and UPI PIN

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Never Share UPI ID and UPI PIN

UPI users should never share their UPI ID and PIN with anyone, even if someone claims to be a bank representative. Do note that bank representatives don’t ask for details such as UPI ID and UPI PIN. So, even if you are facing issues with UPI payments, don’t ever share such details.

Neglect Unkown Payment Requests

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Neglect Unkown Payment Requests

In one of the modus operands used by fraudsters, a random payment request is sent to users. If you get a pop-up from your UPI app or a text message for an unknown payment request, do not entertain it. You can simply ‘Decline’ the payment request on the UPI app if you find it dubious.

Use Genuine UPI Apps

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Use Genuine UPI Apps

Bank account users should always use verified UPI apps available on Google Play Store or Apple App Store. You have to be more careful while selecting third-party UPI apps.

Update your UPI Pin From Time to Time

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Update your UPI Pin From Time to Time

UPI users should always keep updating their UPI Pin to stay safe from fraud attacks. The banks also advise their customers to change their UPI pin once in a while to make sure that they don’t become victims of fraud.

Don’t Entertain Malicious SMS or Emails

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Don’t Entertain Malicious SMS or Emails

Fraudsters do send malicious links via SMS or emails. You should always remain beware of all such links and emails. 

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