Online scams are increasing rapidly. Every day, innocent people become victims of fraud due to small mistakes. In such a situation, keeping yourself safe is a big challenge. Especially, avoiding financial fraud in case of losing a smartphone is a difficult task. But if this ever happens to you, then the UPI ID should be blocked immediately.
How to block UPI ID
It is very important to block the UPI ID in case the smartphone is lost. If you do not do this, then any unknown person can cheat you. Apps like PhonePe, Paytm, and Google Pay are associated with UPI ID. Log in to your UPI app on another device or access your UPI account through your bank's net banking portal.
Search your UPI ID - This is usually found under the profile or payment settings.
Block or deactivate UPI ID - Most apps provide the option to block or deactivate the UPI ID associated with your lost phone. Follow the on-screen instructions to complete the process.
Unlink bank accounts- Apart from this, unlink the UPI app from your bank account.
Do these things
Report lost phone- Contact your mobile network operator to block your SIM card.
Change passwords- Change the passwords of online banking, email, and other important accounts immediately.
Two-factor authentication- Enable two-factor authentication for additional security. So that, the risk of any security and privacy breach is reduced.
Why is it important to block UPI ID
Your UPI ID is a unique identifier linked to your bank account. This is the most important thing for making online payments. If your phone goes into the wrong hands, it is very important to block the UPI ID.
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