RBI new update: With the growing adoption of digital payments in India, cases of online fraud have also risen sharply. In response, the Reserve Bank of India has issued new guidelines to ensure security in UPI transactions. These guidelines primarily include five key tips that users can follow to make their bank accounts and digital payments more secure.

Do not scan unknown links or QR codes

As the RBI has stated, phishing links and fake QR codes have become the most common weapons used in UPI fraud. Fraudsters often send users links or QR codes promising cashback or refunds. When users click or scan these links, their bank details or mobile numbers are stolen. You should always be cautious when accepting a link or QR code sent from an unknown source.

Read Here: Huge Discount on Vivo X200 Fe 5g, Save Rs. 6800 and Get This Amazing Phone

Do not share UPI PIN or OTP

The RBI has clarified that no bank or legitimate institution will ever ask a user for their UPI PIN, OTP, or password. Fraudsters often call posing as bank officials or payment app agents and ask for this sensitive information. In such a situation, it would be wise to immediately stop the operation and inform the bank.

Use only the app and website

Fraud cases are increasing through payment apps and websites. The RBI has issued guidelines regarding the use of copied apps by fraudsters to commit fraud. The RBI has advised that users must check the app before downloading it.

Double-check the name and UPI ID before sending a payment

When making a payment, it is very important to carefully check the receiver’s name, mobile number, or UPI ID. Be sure to know who you are sending money to. Fraudsters often create fake accounts by making minor changes to brand names or familiar names, making them appear trustworthy.

Read Here: Honda WR-V Preparing for a Comeback, A New Sub-4m SUV Could Be Launched in India by 2028.

Farm a fraud immediately

If you encounter a UPI fraud, don’t waste time. The RBI has directed that bank users file a complaint within 24 hours. You can contact your bank’s customer service or file a complaint on the National Cyber ​​Helpline number 1930 or the online portal cybercrime.gov.in. Fast action can minimize the damage.