6 Things you must keep in mind while making UPI payments

UPI Payments

These days financial crimes are on the rise owing to rising digital payments and use of electronic devices while making transactions. Here are some important steps to ensure digital security and safeguard your sensitive information.

Security measures

Ensuring UPI payment security is paramount. Always use a secure and trusted UPI app from a verified source. Set strong passwords or PINs, avoid sharing sensitive information.

Update Software regularly

A lost or stolent phone with outdated software is a hackers dream. Make sure your phone has a strong lock screen password or PIN and keep your UPI app and operating system updated.

Very recipient details

Double-check recipient details before confirming transactions. Cross-verify the UPI ID, virtual payment address, or bank account number to prevent accidental transfers to incorrect recipients.

Beware of frauds

Stay vigilant against UPI-related scams and phishing attempts. Be wary of unsolicited requests for payments, dubious links, or calls asking for sensitive information.

Transaction limits and charges

Understand transaction limits set by your bank or UPI service provider. Some transactions may have limits on amounts or frequency.

Keep records and check statements

Maintaining comprehensive transaction records and regularly reviewing bank statements is a prudent financial habit with several benefits.