3 OCTOBER 2023
By: JASMINE ANAND
UPI has transformed India's monetary transactions, offering speed and security. However, as with any online transaction, it is important to take precautions to keep your money safe. Here are some tips to ensure safe UPI payments.
Your UPI personal identification number (PIN) is the key to your bank account. So, it is important to keep it safe and secure. Avoid using easy-to-guess numbers or PINs that are the same as your phone number or date of birth. Also, never share your UPI PIN with anyone.
There are several UPI apps available in the market, but not all of them may be safe and secure. Also, keep your UPI app updated with the latest version to ensure that you have the latest security features and bug fixes.
Beware of unverified links & suspicious calls to prevent financial loss. Cybercriminals use fake messages & calls to trick you into revealing sensitive information. Remember, banks never request personal details this way.
Steer clear of public Wi-Fi for UPI transactions; they're vulnerable to hacks. Protect your personal and financial data by opting for secure networks like home Wi-Fi or mobile data.
Maintain a strong screen lock, password, or PIN to safeguard your phone and payment apps. This prevents unauthorised access, preserving sensitive personal and financial data integrity.
By following these tips, you can ensure that your UPI transactions are secure and free from any fraudulent activities. Remember to be always vigilant and cautious while making UPI payments.