In the last two years, people making UPI payments under digital payment have been facilitated. However, with this facility, the number of scammers, phishing people and frauds has also increased.
The number of payments made through UPI, which was launched in 2016, has increased rapidly. People have adopted the cardless system since the time of the Kovid epidemic. In the last two years, people making UPI payments under digital payment have been facilitated. However, with this facility, the number of scammers, phishing people and frauds has also increased.
Fraudsters are adopting different tactics to launder their money. In the name of KYC and new offers in the bank, fraudsters ask for some information related to their bank account and vacate the account in no time. Here are some tips given by India’s largest lender State Bank of India (SBI), which is very important for you to know.
State Bank of India (SBI) took to Twitter to share some UPI security tips to make UPI transactions secure . While sharing the video, SBI said, “Always remember these UPI safety tips while using UPI transactions or doing UPI transactions. Stay Alert & #SafeWithSBI”
SBI shares tips for safe UPI transactions
- No need to enter your UPI PIN while receiving Rs.
- Always verify the identity of the person to whom you are sending money.
- Do not accept any unknown payment.
- Do not share your UPI PIN with anyone.
- Always verify the beneficiary details while making payment through QR code.
- Change your UPI PIN regularly.
It is worth noting that after Covid and after the arrival of 4G network, there has been an increase in UPI transactions and in rural areas also there has been an increase in the payment data from UPI. On the completion of ’20 years of Modi governance’, the Finance Minister had said in Pune that people have adopted digital payment during the lockdown and today India is leading the world regarding UPI payments.
Let us inform that according to the data of National Payment Corporation of India (NPCI), transactions worth Rs 10.7 trillion have been done through UPI during the month of August.
