UPI users can adopt several precautions to safeguard against financial scams. Firstly, they should refrain from sharing sensitive information such as PINs, passwords, or OTPs with anyone, as legitimate entities will never request these details. Secondly, users should verify the authenticity of payment requests and avoid approving unsolicited or suspicious transactions.
Regularly monitoring account statements for unauthorized activities and promptly reporting any differences to the bank can help in early detection of fraud. Installing official banking applications from trusted sources and keeping them updated further enhances security. By exercising caution and staying informed about common scam tactics, users can significantly reduce the risk of falling victim to financial scams.
