PENSIONERS' VOICE & SOUND TRACK Editor: R K Sahni
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Friday 3 July 2020
Say no to unknown UPI REQUESTS
Say no to unknown UPI
REQUESTS
Please be cautious of fraudsters while carrying out UPI transactions. You will NEVER be asked for a PIN for money to be credited to your bank account.
Avoid fraud requests by doing these 3 things before you accept.
STOP
before entering your PIN
THINK
why do you need a PIN to receive money
ACT
by declining the request if you suspect fraud
How do fraudsters get access to your account?
Fraudsters will send a 'Collect' request on the pretext of making a payment using the UPI app.
This request on the app has 2 options i.e. 'Pay' or 'Decline'.
Customers think they will receive funds and hence click on the 'Pay' option in the UPI app.
Once the UPI PIN is punched in, the money is successfully transferred to the fraudster's account.
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