{"id":1897,"date":"2025-02-26T01:30:02","date_gmt":"2025-02-25T20:00:02","guid":{"rendered":"https:\/\/rzpwp.blog\/?p=1897"},"modified":"2025-05-28T07:43:40","modified_gmt":"2025-05-28T02:13:40","slug":"upi-frauds-types-tactics","status":"publish","type":"post","link":"https:\/\/razorpay.com\/blog\/upi-frauds-types-tactics\/","title":{"rendered":"UPI Frauds: Common Types of UPI Scams &#038; Prevention Methods"},"content":{"rendered":"<p>UPI frauds have surged in India, with over 13.4 lakh cases reported in the 2023-24 financial year, leading to losses exceeding \u20b91,087 crore. Fraudsters use tactics like fake UPI IDs, phishing, and social engineering to deceive users. To protect yourself, regularly update your <a href=\"https:\/\/razorpay.com\/learn\/what-is-a-upi-pin\/\">UPI PIN<\/a>, stay informed about common scams, and never share sensitive information.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e1aa39ccc68\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e1aa39ccc68\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/razorpay.com\/blog\/upi-frauds-types-tactics\/#What_is_UPI_Fraud\" >What is UPI Fraud?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/razorpay.com\/blog\/upi-frauds-types-tactics\/#Types_of_UPI_Fraud\" >Types of UPI Fraud<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/razorpay.com\/blog\/upi-frauds-types-tactics\/#How_Do_Hackers_Execute_UPI_Fraud\" >How Do Hackers Execute UPI Fraud?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/razorpay.com\/blog\/upi-frauds-types-tactics\/#A_Guide_to_UPI_Fraud_Prevention\" >A Guide to UPI Fraud Prevention<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/razorpay.com\/blog\/upi-frauds-types-tactics\/#Basic_Dos_and_Donts_To_Avoid_UPI_Fraud_Cases\" >Basic Do&#8217;s and Don&#8217;ts To Avoid UPI Fraud Cases<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/razorpay.com\/blog\/upi-frauds-types-tactics\/#RBI_Guidelines_on_Unauthorised_Transactions\" >RBI Guidelines on Unauthorised Transactions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/razorpay.com\/blog\/upi-frauds-types-tactics\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/razorpay.com\/blog\/upi-frauds-types-tactics\/#Frequently_Asked_Questions_FAQs\" >Frequently Asked Questions (FAQs)<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_UPI_Fraud\"><\/span><span data-preserver-spaces=\"true\">What is UPI Fraud?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>UPI fraud is a scam where fraudsters exploit the <a href=\"https:\/\/razorpay.com\/blog\/what-is-upi-and-how-it-works\/\">Unified Payments Interface<\/a> (UPI) to steal money or sensitive information from users. They use tactics like phishing, fake UPI links, and social engineering to trick individuals into revealing their UPI PIN, OTP, or bank details, leading to unauthorized transactions.<\/p>\n<p><em><strong>Related Read: <a href=\"https:\/\/razorpay.com\/blog\/what-is-fraud-analytics\/\">Fraud Analytics: A Guide to Preventing Financial Fraud<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Types_of_UPI_Fraud\"><\/span><span data-preserver-spaces=\"true\">Types of UPI Fraud<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span data-preserver-spaces=\"true\"><strong>1<\/strong>. <strong data-start=\"100\" data-end=\"111\">Vishing<\/strong><\/span><\/h3>\n<p><span data-preserver-spaces=\"true\"><br data-start=\"111\" data-end=\"114\" \/>Fraudsters pose as bank representatives and trick users into revealing sensitive details like UPI PINs and passwords.<\/span><\/p>\n<h3>2. Fake UPI Payments &amp; Transfers<\/h3>\n<section id=\"sec1\" class=\"wix-payment-sec-space\">\n<div class=\"container\">\n<div class=\"row\">\n<div class=\"col-12 col-lg-11\">\n<p data-start=\"238\" data-end=\"388\">Scammers deceive users by making them believe they have received or authorized a UPI transaction. This includes:<\/p>\n<ul>\n<li><strong data-start=\"394\" data-end=\"416\">Fake UPI QR Codes:<\/strong> Redirect users to phishing sites or malicious apps to steal credentials.<\/li>\n<li><strong data-start=\"497\" data-end=\"526\">Fake Payment Screenshots:<\/strong> Fraudsters send fake transaction confirmations to mislead users.<\/li>\n<\/ul>\n<h3 class=\"payment-card\"><b>3. Impersonation<\/b><\/h3>\n<div class=\"payment-card\">Scammers pretend to be bank officials, customer service representatives, or trusted individuals to extract UPI PINs or OTPs.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<div class=\"col-12 col-lg-11\">\n<h3 class=\"payment-card\"><b>4. Phishing<\/b><\/h3>\n<\/div>\n<div>Fraudsters send deceptive emails leading to fake websites where users unknowingly enter their credentials, giving hackers access.<\/div>\n<h3><b>5. Fraudulent Sellers<\/b><\/h3>\n<div>\n<p class=\"extra-small-text extra-small-text-black payment-info\">Scammers on online marketplaces trick buyers by selling counterfeit goods or failing to deliver promised items.<\/p>\n<\/div>\n<h3><span data-preserver-spaces=\"true\">6. Screen Monitoring Apps<\/span><\/h3>\n<p data-start=\"1043\" data-end=\"1167\">Malicious apps secretly record users&#8217; screens, capturing UPI PINs, OTPs, and banking details.<\/p>\n<h3><span data-preserver-spaces=\"true\">7. Malware Attacks<\/span><\/h3>\n<p>Malicious software, often downloaded from fake links or attachments, extracts sensitive banking information.<\/p>\n<h3><span data-preserver-spaces=\"true\">8. Money Mule Scams<\/span><\/h3>\n<p>Fraud rings transfer stolen money through intermediary accounts (money mules) to conceal illegal transactions.<\/p>\n<h3><span data-preserver-spaces=\"true\">9. SIM Cloning<\/span><\/h3>\n<p>Fraudsters clone a user\u2019s SIM to receive OTPs and reset UPI credentials, gaining access to their bank account.<\/p>\n<h3><span data-preserver-spaces=\"true\">10. Deceptive UPI Handles<\/span><\/h3>\n<p>Scammers create fake UPI handles on social media or online platforms, luring users with offers or urgent payment requests.<\/p>\n<h3><span data-preserver-spaces=\"true\">11. Collect Request Scams<\/span><\/h3>\n<p>Fraudsters send misleading UPI collect requests or claim to process refunds, tricking users into authorizing fraudulent payments.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Do_Hackers_Execute_UPI_Fraud\"><\/span><span data-preserver-spaces=\"true\">How Do Hackers Execute UPI Fraud?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">It\u2019s been observed that fraudsters follow a pattern whilst executing these elaborate plans. As a result, we\u2019ve managed to weave a stepwise timeline of how these plans are generally performed. Let\u2019s take a look at how UPI fraud occurs:<\/span><\/p>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">STEP 1:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0It all starts with a random call. Fraudsters usually call targets to get their attention, as opposed to texting. They commonly disguise themselves as a bank representative, calling for a seemingly harmless issue.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">STEP 2:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0To make the call sound legit, they proceed to ask verification questions like your date of birth, name, or mobile number.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">STEP 3:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0There is always a problem. Hackers use technical difficulties in the app or website to talk to you. They usually weave false stories that convince you to forfeit your personal information to resolve the issue.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">STEP 4:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0Once the fraudster has convinced you, they ask you to download an application on your phone. Some of these apps are AnyDesk and ScreenShare, which are available on the Google Play Store.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">STEP 5:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0While downloading AnyDesk or a similar application, it asks for privacy permission, like other regular apps. But don\u2019t be fooled; these apps can access everything on your phone.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">STEP 6:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0The fraudster will then ask you for a 9-digit OTP generated on your phone. As soon as you reveal the code, the hacker will also ask to grant permission from the phone.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">STEP 7:<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0When the app acquires all permissions required, the caller starts to take complete control of your phone without your knowledge. After gaining full access to your phone, the hacker steals passwords and begins transacting with your UPI account. Thus, you become one of the many victims of UPI fraud.<\/span><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">We identified other approaches, too. For example, fraudsters send an SMS and ask you to forward it to another number they provide. After the message is successfully sent, the fraudster can link your mobile number or account through UPI to their mobile.<\/span><\/p>\n<p><em><strong>Related Read: <a href=\"https:\/\/razorpay.com\/learn\/wrong-upi-transaction\/\">How to Reverse Wrong UPI Transactions?<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"A_Guide_to_UPI_Fraud_Prevention\"><\/span><span data-preserver-spaces=\"true\">A Guide to UPI Fraud Prevention<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"48\" data-end=\"118\">Preventing UPI fraud is possible by following these key precautions:<\/p>\n<ol data-start=\"120\" data-end=\"1166\">\n<li data-start=\"120\" data-end=\"255\"><strong data-start=\"123\" data-end=\"157\">Avoid Unknown Calls &amp; Messages<\/strong> \u2013 Banks never ask for sensitive information. Verify unknown numbers using apps like Truecaller.<\/li>\n<li data-start=\"256\" data-end=\"398\"><strong data-start=\"259\" data-end=\"296\">Be Cautious with Payment Requests<\/strong> \u2013 Scammers misuse the \u201crequest money\u201d feature. Remember, receiving money doesn\u2019t require a PIN.<\/li>\n<li data-start=\"399\" data-end=\"507\"><strong data-start=\"402\" data-end=\"429\">Watch for Spam Warnings<\/strong> \u2013 UPI apps flag suspicious transactions. Report and block unknown requests.<\/li>\n<li data-start=\"508\" data-end=\"622\"><strong data-start=\"511\" data-end=\"530\">Avoid Fake Apps<\/strong> \u2013 Only download UPI apps from official sources like Google Play Store or Apple App Store.<\/li>\n<li data-start=\"623\" data-end=\"727\"><strong data-start=\"626\" data-end=\"654\">Enable Security Features<\/strong> \u2013 Protect your UPI app with biometrics and install antivirus software.<\/li>\n<li data-start=\"728\" data-end=\"849\"><strong data-start=\"731\" data-end=\"764\">Verify Emails Before Clicking<\/strong> \u2013 Hackers use phishing emails to steal credentials. Always check for authenticity.<\/li>\n<li data-start=\"850\" data-end=\"949\"><strong data-start=\"853\" data-end=\"881\">Monitor Account Activity<\/strong> \u2013 Regularly review bank statements for unauthorized transactions.<\/li>\n<li data-start=\"950\" data-end=\"1063\"><strong data-start=\"953\" data-end=\"975\">Avoid Public Wi-Fi<\/strong> \u2013 Hackers can intercept banking data on unsecured networks. Use a trusted connection.<\/li>\n<li data-start=\"1064\" data-end=\"1166\"><strong data-start=\"1067\" data-end=\"1090\">Track Bank Messages<\/strong> \u2013 Carefully check OTPs, PINs, and transaction alerts for inconsistencies.<\/li>\n<\/ol>\n<p data-start=\"1168\" data-end=\"1331\">Staying vigilant and following these security practices will help protect you from UPI fraud. Report any suspicious activity to your bank immediately.<\/p>\n<p><em><strong>Related Read: <a href=\"https:\/\/razorpay.com\/learn\/is-upi-safe-for-online-payment\/\">Is UPI Safe for Online Payment? \u2013 Tips to Stay Safe From Scams &amp; Frauds<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Basic_Dos_and_Donts_To_Avoid_UPI_Fraud_Cases\"><\/span><span data-preserver-spaces=\"true\">Basic Do&#8217;s and Don&#8217;ts To Avoid UPI Fraud Cases<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table dir=\"ltr\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\" data-sheets-root=\"1\" data-sheets-baot=\"1\">\n<colgroup>\n<col width=\"100\" \/>\n<col width=\"100\" \/><\/colgroup>\n<tbody>\n<tr>\n<td style=\"text-align: center;\"><strong>Do\u2019s<\/strong><\/td>\n<td style=\"text-align: center;\"><strong>Don\u2019ts<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Beware of fraudulent calls or messages from individuals posing as bank representatives. Verify unknown numbers using apps like Truecaller and avoid sharing personal details.<\/td>\n<td>\n<div>\n<div>Never share your UPI PIN, password, or OTP (One-Time Password) with anyone, including bank representatives. Legitimate banks never request such details via calls, emails, or messages.<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td>Use a secure and trusted Wi-Fi network while making UPI transactions.<\/td>\n<td>\n<div>\n<div>Avoid using public or unsecured networks, as they can be accessed by hackers.<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td>Regularly update your UPI apps to the latest version. Software updates include security enhancements that protect against fraud.<\/td>\n<td>\n<div>\n<div>Never disable push notifications and transaction alerts on your UPI apps, as they help detect suspicious activities.<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td>Monitor your UPI account activity and transaction history regularly. Report any unauthorized transactions to your bank immediately.<\/td>\n<td>\n<div>\n<div>Do not leave your bank account unattended or ignore security alerts related to your transactions.<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 data-start=\"0\" data-end=\"53\"><span class=\"ez-toc-section\" id=\"RBI_Guidelines_on_Unauthorised_Transactions\"><\/span><strong data-start=\"4\" data-end=\"51\">RBI Guidelines on Unauthorised Transactions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"55\" data-end=\"269\">The <strong data-start=\"59\" data-end=\"90\">Reserve Bank of India (RBI)<\/strong> has set clear guidelines to protect customers from unauthorised digital transactions, including <strong data-start=\"187\" data-end=\"201\">UPI frauds<\/strong>. Refund eligibility depends on how quickly the issue is reported.<\/p>\n<ul data-start=\"271\" data-end=\"617\">\n<li data-start=\"271\" data-end=\"367\"><strong data-start=\"273\" data-end=\"291\">Within 3 days:<\/strong> The bank must provide a <strong data-start=\"316\" data-end=\"331\">full refund<\/strong> for the unauthorised transaction.<\/li>\n<li data-start=\"368\" data-end=\"497\"><strong data-start=\"370\" data-end=\"390\">Within 4-7 days:<\/strong> Customer liability is limited, ranging between <strong data-start=\"438\" data-end=\"459\">\u20b95,000 to \u20b925,000<\/strong>, depending on the transaction type.<\/li>\n<li data-start=\"498\" data-end=\"617\"><strong data-start=\"500\" data-end=\"517\">After 7 days:<\/strong> Refund eligibility is based on the <strong data-start=\"553\" data-end=\"570\">bank\u2019s policy<\/strong>, and the customer may have to bear the loss.<\/li>\n<\/ul>\n<p data-start=\"619\" data-end=\"833\" data-is-last-node=\"\" data-is-only-node=\"\">To stay protected, users should enable multi-factor authentication, monitor account activity, and avoid sharing UPI credentials. Always report fraudulent transactions immediately to minimize financial loss.<\/p>\n<p><em><b>Related Read: <\/b><a href=\"https:\/\/razorpay.com\/learn\/how-to-unblock-upi-id\/\"><b>How to Unblock UPI ID?<\/b><\/a><br \/>\n<strong>Related Read: <a href=\"https:\/\/razorpay.com\/blog\/is-mpin-and-upi-pin-same\/\">MPIN vs UPI PIN: What&#8217;s the Difference?<\/a><\/strong><br \/>\n<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><span data-preserver-spaces=\"true\">Conclusion<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-size: 19px;\">As digital transactions rise, so do UPI fraud risks. Scammers use tactics like phishing, malware, and SIM cloning to exploit users. Stay cautious\u2014avoid unknown calls, verify payment requests, and watch for spam warnings. Prioritize security by safeguarding your PIN, using biometric authentication, and monitoring account activity. Report any suspicious transactions immediately to minimize risk and protect your finances in the digital era.<\/span><\/p>\n<p><em><strong><span style=\"font-size: 19px;\">Related Read: <\/span><a style=\"font-size: 19px;\" href=\"https:\/\/razorpay.com\/learn\/how-to-find-upi-id-in-google-pay\/\">How to Find UPI ID Using Google Pay?<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span><span data-preserver-spaces=\"true\">Frequently Asked Questions (FAQs)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3>1. Is it safe to share UPI ID?<\/h3>\n<p><span data-preserver-spaces=\"true\">Sharing your UPI ID or <a href=\"https:\/\/razorpay.com\/learn\/what-is-virtual-payment-address-vpa\/\">Virtual payment address<\/a> is generally considered safe for digital transactions.<\/span><span data-preserver-spaces=\"true\"> It is essential to be cautious and only share your UPI ID with trusted individuals or verified organisations. However, do not disclose sensitive details like UPI pin or mPIN or transaction passwords to untrusted individuals, websites or social media platforms to prevent unauthorised access and potential fraud.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">2. How do I report online money fraud or UPI fraud?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">In case of online money fraud or UPI fraud, inform your bank immediately about the fraudulent charge. You can ask them to reverse the transaction or give you a refund.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">3. Is the bank responsible for UPI fraud?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">No, the PSP (<a href=\"https:\/\/razorpay.com\/blog\/what-is-a-payment-service-provider\/\">Payment Service Provider<\/a>) is responsible for any losses incurred during any instance of <a href=\"https:\/\/razorpay.com\/blog\/online-payment-fraud-and-risk-mitigation\/\">online payment fraud<\/a>.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">4. What happens if I get UPI scammed?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">If you have been the victim of a UPI scam, you must report the fraud to your local police station and register a complaint with the <a href=\"https:\/\/cybercrime.gov.in\/\" rel=\"nofollow noopener\" target=\"_blank\">National Cyber Crime Reporting portal<\/a>, either on the phone (Dial 1930 for the helpline) or via\u00a0<\/span><span data-preserver-spaces=\"true\">their website<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">5. Do banks investigate UPI fraud?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Banks provide protection services for their customers, so they don\u2019t have to worry about the ever-increasing cases of UPI fraud. The first thing the bank will do is try to substantiate that UPI fraud has occurred. They will ask you to provide additional details about the transaction and how you think it&#8217;s fraudulent. Secondly, depending on the type and scale of fraud, the bank decides whether higher authorities are needed to interfere with the matter.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">6. Is sharing account numbers safe, or does it lead to UPI fraud?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Yes, giving someone your basic bank account details, like the account number to deposit money, is generally safe. But, if people ask for crucial information like your PIN or password, it could be dangerous.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">7. What happens if someone hacks my bank account or I face UPI fraud?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">If your bank account is hacked, you need to verify your account activity, call your bank, freeze your account, change your PIN and other relevant passwords, check your transaction history, and file a police complaint.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">8. Do banks refund fraudulent money?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Yes, banks are obligated to refund the money in case of fraudulent activity like UPI fraud. In most cases, banks offer debit fraud protection and must refund the money if you follow the bank\u2019s fraud reporting procedures systematically.<\/span><\/p>\n<h3><span data-preserver-spaces=\"true\">9. Can UPI frauds be reversed?<\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">UPI frauds can be reversed, but it is important to act quickly. If you become a victim of a UPI fraud, immediately contact your bank and report the incident. They will guide you through the process of reversing the fraudulent transaction. It is crucial to provide all necessary details and evidence to support your claim.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you worried about falling prey to UPI crimes? Read this article on how you can stay vigilant and keep yourself safe from cyber frauds online.<\/p>\n","protected":false},"author":35,"featured_media":16447,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[26],"tags":[93],"class_list":{"0":"post-1897","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-payments","8":"tag-upi"},"_links":{"self":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/1897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/comments?post=1897"}],"version-history":[{"count":23,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/1897\/revisions"}],"predecessor-version":[{"id":22922,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/posts\/1897\/revisions\/22922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media\/16447"}],"wp:attachment":[{"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/media?parent=1897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/categories?post=1897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/razorpay.com\/blog\/wp-json\/wp\/v2\/tags?post=1897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}