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Home Personal Finance Beaware of UPI fraud follow this step to secure yourself

Beaware of UPI fraud follow this step to secure yourself

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UPI Charges: UPI service will be free, Finance Ministry said this, know details

You can be a victim of fraud during UPI payment, you can avoid these easy ways

UPI is being used fast, although cases of fraud have also started coming to the fore. Some fraudsters take advantage of this by swindling money from people with less knowledge.


Online banking facility has played an important role in promoting Digital India in India. In Digital India, people now use UPI (Unified Payment Interface) for payment from small to big places. In India, UPI has come in front of the country as the best payment medium in the recent past. In the year 2020, 1.3 billion transactions were done across the country through UPI. Keeping in view the craze of UPI, making it easy and secure has become even more important. Also Read: Photo of Aadhar card is old, then put your favorite photo with these easy steps

Many experts believe that as the use of UPI is increasing rapidly, cases of fraud have also started coming to the fore. Some fraudsters take advantage of this by swindling money from people with less knowledge. Cases of UPI fraud keep coming up from different parts of the country. Also Read: Indian Railway Recruitment 2021: Get jobs without examination on these 1664 posts, apply soon, you will get good salary

To avoid these frauds, people should take some precautions while using UPI. With some precautions of the people, you will be saved from being a victim of big fraud. Today we will tell you about some precautions by using which you can avoid fraud.

Avoid unverified apps

Many times people install unverified app in their phone, and keep using it. Such unverified apps gradually start taking control of your phone and take away every information related to your phone. This information also includes information related to your bank. Therefore, while downloading the app in mobile, make sure that the app is verified.

Link payment

Nowadays the trend of making payment through link is increasing a lot. Many times we send a link to make payment. It is also used by cyber fraudsters. Therefore, before making payment through the link, check that it is safe to pay with it.

Do not share OTP


Most cases of fraud happen through OTP only. People are instructed to share OTP from time to time by the company and the government, but still some people fall prey to it and share their OTP. Apart from this, many times fraudsters ask you for OTP by becoming a bank officer, in such a situation, you should keep in mind that you do not give your OTP to anyone. Giving OTP means seeing the money run out from your account.

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