UPI Fraud Alert: 5 silly mistakes to avoid while paying via UPI
More than 80,000 UPI-related frauds are reported in a month in India, according to media reports.
New Delhi: Frauds related to digital payments have been on the rise in India. With UPI becoming one of the most popular digital payments modes in India, fraudsters have been deploying unique ways to loot innocuous customers. According to media reports, more than 80,000 UPI-related frauds are reported in a month in India.
Further, between April and September 2021, banks in India reported a total of 4,071 fraud cases, according to a report by the Reserve Bank of India. The total amount in the reported fraud cases stood at Rs 36,342 crore.
With the rising number of bank fraud cases, it’s important to know how to remain safe and protect your hard-earned money. Here’s a list of 5 silly mistakes that you should avoid while making UPI Payments:
Never Share UPI ID and UPI PIN
![Never Share UPI ID and UPI PIN Never Share UPI ID and UPI PIN](https://english.cdn.zeenews.com/sites/default/files/2022/04/20/1033877-untitled-design-18.jpg)
Neglect Unkown Payment Requests
![Neglect Unkown Payment Requests Neglect Unkown Payment Requests](https://english.cdn.zeenews.com/sites/default/files/2022/04/20/1033876-untitled-design-17.jpg)
Use Genuine UPI Apps
![Use Genuine UPI Apps Use Genuine UPI Apps](https://english.cdn.zeenews.com/sites/default/files/2022/04/20/1033875-untitled-design-16.jpg)
Update your UPI Pin From Time to Time
![Update your UPI Pin From Time to Time Update your UPI Pin From Time to Time](https://english.cdn.zeenews.com/sites/default/files/2022/04/20/1033874-untitled-design-15.jpg)