Keeping in mind the increasing cases of cyber economic crimes, NPCI issues alerts from time to time. NPCI says that there is no need to enter UPI PIN to receive money.
Online Fraud: In the world of Digital Transaction, cyber thugs are sitting ready everywhere. There was not a slight mistake that all your earnings disappeared. Sometimes even about ATM or credit card, the cases of online fraud by talking about updating the bank account keep coming to the fore. From the common man to the special man, they fall prey to the smooth talk of cyber thugs.
A very common case in all these fraud cases is the lottery. Cyber thugs call you that you have won a car or a lottery worth lakhs of rupees has come out. However, most people immediately understand that there is a fraud call. Still, some gullible people get into their talk and spend their hard earned money.
Cyber thugs fool people in the name of winning the lottery and send a link to get the lottery money by clicking on it and asking them to enter the UPI PIN. As soon as a person enters the PIN on this link, immediately the details of his bank account go to these thugs. In this way, these cyber thugs transfer all the amount of your account to their account.
Keeping in mind the increasing cases of cyber crime, especially cyber economic crime, NPCI issues alerts from time to time. NPCI says that there is no need to enter UPI PIN to receive money. UPI PIN is used to transfer money from your bank account to another person’s bank account or make any payment. Therefore, always keep in mind that money is deducted from the account using the UPI PIN and not the money in the account.
UPI PIN
UPI service has to be used for online transactions. For UPI, a virtual payment address has to be created. It has to be linked with your bank account. The virtual payment address becomes your financial address. After this there is no need to remember your bank account number, bank name or IFSC code etc. To use UPI, your mobile number must be linked with the bank account.
You can say that the UPI PIN is the key to your bank accounts entered in your mobile phone. If someone else gets this key, then he can vacate your account.
UPI Payment System
The Unified Payment Interface (UPI) has been prepared by the National Payments of India. With this you can send money to someone else’s bank account through mobile wallet. You can transfer money from anywhere at any time.
Avoid Fraud
Always pay with UPI only on trusted apps. BHIM App is the most trusted digital payment app. Do not share your UPI PIN with anyone. Do not click on any unknown link and do not use UPI PIN on unknown link at all. Change the UPI PIN from time to time.
