State Bank of India (SBI) has issued a warning to its customers using UPI.
With UPI-related fraud cases increasing across the country, SBI has asked users to be extra cautious while making digital transactions.
Millions of people in India rely on UPI to transfer crores of rupees every day.
As digital payments grow, so do the risks of fraud. SBI’s alert is aimed at keeping its customers safe from new and sophisticated scams.
How SBI Alerts Customers
SBI has started sending text messages to its customers, advising them to stay vigilant.
Key points include:
Do not immediately return money if an unexpected deposit appears in your account.
Verify all UPI payment requests before approving them.
Be cautious with transactions that seem unusual or suspicious.
Banks across the country are increasingly sending such alerts due to the rise in online fraud cases.
How Scammers Target UPI Users
Fraudsters are using new tactics to trick people. One common method is through fake UPI apps that look identical to genuine ones.
Customers often download these apps unknowingly, leading to theft of their money.
Another scam involves fraudsters sending fake messages claiming that you’ve received money via UPI.
They may also call you using a fake screenshot of the transaction to convince you to return the money, tricking unsuspecting users into transferring funds to the scammer.
Tips to Stay Safe
Always verify the UPI app before downloading or using it.
Do not approve requests for money without confirmation.
Be wary of unexpected messages or calls claiming money has been received in your account.
Stick to official bank apps and UPI platforms to reduce the risk of fraud.
Being cautious and following these steps can help UPI users avoid falling victim to scammers.