Rising UPI scam trend: Follow these tips to keep yourself safe from scammers
Unified Payments Interface (UPI) has emerged as a popular mode of payment for millions of Indians. With its convenience and ease of use, UPI has revolutionised the way people transfer money and make purchases. However, as with any online transaction, there is always a risk of falling prey to scammers and fraudsters.
It is crucial to practise caution and take necessary precautions to ensure that your UPI transactions remain safe and secure. Shikhar Aggarwal, Chairman, BLS E- Services says, “The ease of UPI payment mode also brings forth potential threats from scammers. To safeguard against such risks, users are advised to adhere to the UPI Safety Shield Tips provided by the National Payment Corporation of India (NPCI)." Listing below the NPCI UPI Safety Shield Tips users must follow: Use UPI PIN only for deductions: Enter your UPI PIN only when initiating a transaction to deduct money from your account.
UPI PIN is never required for receiving funds. Verify receiver's name: Always verify the recipient's name when confirming the UPI ID. Refrain from making payments without proper verification.
Enter UPI PIN on the app's designated page: Input your UPI PIN solely on the dedicated UPI PIN page within the payment app. Keep your UPI PIN private from everyone. QR code scanning for payments only: Use QR code scanning exclusively for making payments, not for receiving money.
Ensure the legitimacy of the transaction before proceeding. Avoid downloading unnecessary apps: Do not download screen-sharing or SMS forwarding apps when prompted by unknown individuals without understanding their purpose. Exercise caution and verify the necessity of such applications.
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