With the increase in the use of UPI for online payments, many cases of fraud are coming to the fore in the country.Â
A small negligence can cause a lot of financial loss to the customers. Caution is necessary to avoid damage. SBI has given these tips to the customers in this regard.
Unified Payment Interface (UPI) is considered to be the most popular for online payments. However, with its use becoming more and more, many cases of banking fraud are coming to the fore.
To reduce or avoid the possibility of fraud, it is important to pay attention to some security measures. Various agencies or organizations also keep making customers aware in this regard.
In this episode, the country’s largest public sector bank State Bank of India (SBI) has issued a comprehensive digital security guideline for customers. The bank has told what customers should and should not do for digital transactions, electronic payments and social media security. SBI has given 5 tips to the customers, which the customers making UPI payments should remember. Let’s take a look at these tips.
Here are the tips
- Keep your mobile PIN and UPI PIN separately.
- Do not respond to any unknown requests related to UPI.
- – Always report suspicious requests or calls.
- Remember that the PIN is only needed to transfer money and not to receive it.
- If there is any suspicious transaction, then immediately disable the UPI service on your account.
NPCI has developed
Unified Payments Interface is an instant real-time payment system developed by National Payments Corporation of India (NPCI).
It integrates multiple banking services, seamless fund routing and merchant payments into a single mobile application (of any bank). It can also handle peer to peer collection requests, which can be scheduled and payments can be made as needed.
