UPI Tips: In UPI scams, hackers often don't directly breach bank accounts. Instead, they trick people into transferring money themselves.
(Turn on this setting in UPI immediately)
UPI Tips: Today, millions of people in India use UPI daily . From paying electricity bills to online shopping and money transfers, everything is done in seconds. But with fast and easy payments, the risk of cyber fraud is also increasing. Especially on apps like Google Pay, PhonePe, and Paytm, cases of fake payment requests and scams are increasing rapidly. In such a situation, a small but very important setting within the UPI app can significantly strengthen your payment security. Surprisingly, most people are unaware of this feature.
How does UPI fraud happen?
In UPI scams, hackers often don't directly breach bank accounts. Instead, they trick people into transferring money themselves. Many times, users mistake a "collect request" for a message about receiving money, but in reality, accepting it results in the money being deducted from their account. Thousands of people have lost their hard-earned money due to this mistake.
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This important security setting is hidden in the UPI app
Most UPI apps have security features that users can control based on their needs. While these may have different names for each app, they function largely the same. Enabling these settings can significantly reduce the risk of fraudulent requests, erroneous transfers, and online fraud.
Turn on these 4 essential features immediately.
Turn on Biometric Lock or App Lock
By applying fingerprint or face lock, no other person will be able to make a payment without your permission.
Don't turn off payment request notifications.
If someone sends you a fake payment request, you will immediately know about it through notification.
Please check the name before sending money.
Before accepting any request, read the other person's name and UPI ID carefully.
Keep the Daily Transaction Limit low.
If the app offers this option, set a low daily transaction limit. This can help prevent significant losses in the event of fraud.
Beware of QR Code and Reward Scam
These days, scammers send QR codes or links promising fake refunds, cashbacks, and rewards. Many people hastily scan them, and money is deducted from their accounts. NPCI has also repeatedly warned against accepting payment requests from strangers and never sharing your UPI PIN with anyone, even if the person claims to be a bank employee.
A small precaution can save a big loss.
UPI has made digital payments incredibly easy, but even a small mistake can lead to significant losses. So, before making a payment, be sure to check your UPI app's security settings. Just a minute of caution can help keep your bank account safe.
