Don’t Make These Mistakes While Using UPI Payments
Unified Payments Interdata-face (UPI) has become the most popular and convenient method for online transactions in India. You can pay bills, transfer money, shop online, and even send money to friends and family instantly. However, even a small mistake while using UPI can lead to financial loss. Here’s what you need to know to stay safe.Common Mistakes That Can Put Your bank Account at RiskSharing Your UPI PINNever share your UPI PIN with anyone, even if they claim to be bank officials.No bank or official will ask for your PIN over phone or messages.Falling for Phishing LinksAvoid clicking on links in SMS, emails, or social media messages asking for UPI details.Fraudsters can create fake apps or websites that look real to steal your credentials.Using Unofficial or Unknown UPI AppsOnly download UPI apps like Google Pay, PhonePe, Paytm, BHIM from official app stores.Third-party apps may compromise your account security.Sending Money to Unknown ContactsAlways verify the recipient’s UPI ID or bank details before transferring money.Double-check the name and account number; even a small typo can send money to the wrong person.Ignoring bank AlertsMany frauds can be prevented if you immediately check transaction alerts.Report unauthorized transactions to your bank immediately.Best Practices for Safe UPI UsageSet a Strong UPI PINUse a unique 4–6 digit PIN, not your birthday or easily guessable numbers.Enable App LockMany UPI apps allow fingerprint or password lock. Enable it for added security.Regularly Monitor TransactionsCheck your bank statements or app notifications daily to spot unusual transactions early.Keep Your phone SecureUse screen lock, antivirus, and official app updates.Avoid using public Wi-Fi for transactions.Report Fraud ImmediatelyIf your account is compromised, contact your bank immediately and block your UPI ID if necessary.ConclusionUPI is fast, easy, and convenient, but even a small mistake can lead to serious financial loss. By never sharing your PIN, using official apps, verifying recipients, and monitoring transactions, you can safely enjoy digital payments without risk. Disclaimer:The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.