Easy Ways to Avoid UPI Fraud: Keep These Things in Mind
UPI Fraud Safety Tips: To prevent fraud through UPI, you should pay special attention to some important things. Staying aware of these basic safety rules will keep you safe.
UPI has made digital payments so easy in every household that the need to carry cash has significantly reduced. Every family member has a payment app on their phone, and millions of people make transactions every month without thinking. This convenience sometimes becomes a risk.
Now, fraud in the country has become faster and more sophisticated than ever before. Scammers have stolen millions of rupees from many people's accounts. If you truly want to minimize the risk, separate your UPI account from your savings account. Keep only a limited balance in the account linked to UPI.
Many bank apps offer the option to set transaction limits. Setting this limit will minimize losses in case of any fraudulent activity and keep your money safe. The biggest strength of UPI is its speed. But this is where people make mistakes.
Get into the habit of checking the name before pressing "Pay." When scanning a QR code, read the message displayed on the screen. Fraudsters always want things done quickly, so carefully examine any message that pressures you to take immediate action, and do not make the payment immediately.
It is also important to educate other family members. Elderly parents, in particular, become easy targets for digital scams. Set low transaction limits for them and tell them not to make payments on any payment request without checking.
You can also reduce the risk by disabling unused banking features in the app. Never share your UPI PIN with anyone, even trusted individuals. Sometimes people become careless while giving their phones to repair shops, cafes, or any public place.
Once the PIN is leaked, it won't take long for the entire bank account to be emptied. Pay attention to your surroundings when entering your PIN on any app or website. Clicking on any suspicious link can install malware, which can steal all your financial data. Therefore, identify the source before clicking on any link.
