Unified Payments Interface aka UPI system powers multiple bank accounts into a single mobile application. UPI has made digital payments so easy that transactions done through this mode witnessed an astronomical rise to Rs 10.7 trillion
in August, according to data released by the NPCI.UPI also increases the chances of scamsters and fraudsters fooling people and siphoning off the money from their accounts. Here are the Tips SBI shared for making UPI transactions safer:
1) You don’t need to enter your UPI Pin while receiving Money.
2) Always verify the identity of the person you are sending money to.
3) Do not accept random\unknown collect request.
4) Do not share Your UPI Pin with anyone.
5) Always verify the beneficiary details while making payment through QR quote.
6) Change your UPI pin on a regular basis.
