Worried About UPI scams? NCPI’s Top Five UPI Safety Tips
Unified Payments Interface, commonly known as UPI, has emerged as one of India's most widely used online payment systems. Developed by the National Payments Corporation of India (NPCI), UPI has revolutionized the way transactions are conducted in the country.
However, with its growing popularity, UPI has also attracted the attention of scammers who have devised various methods to defraud unsuspecting users. To combat this, the government is planning to introduce a new rule: a 4-hour delay for the first UPI transfer between two individuals if the amount exceeds Rs 2,000.
To help users protect themselves, NCPI offers these five essential safety tips for secure UPI transactions:
UPI PIN Not Required to Receive Money
Scammers often trick people into scanning a UPI code to receive money. NCPI clarifies that scanning QR codes is only for making payments, not receiving them. If someone asks you to scan a code to get money, it’s likely a scam.
However, with its growing popularity, UPI has also attracted the attention of scammers who have devised various methods to defraud unsuspecting users. To combat this, the government is planning to introduce a new rule: a 4-hour delay for the first UPI transfer between two individuals if the amount exceeds Rs 2,000.
To help users protect themselves, NCPI offers these five essential safety tips for secure UPI transactions:
UPI PIN Not Required to Receive Money
Scammers often trick people into scanning a UPI code to receive money. NCPI clarifies that scanning QR codes is only for making payments, not receiving them. If someone asks you to scan a code to get money, it’s likely a scam.
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