Tuesday, 29 October 2019

Beware of UPI frauds!

Beware of UPI fraud
Dear Customer,

Stay alert and take the necessary steps to avoid falling into the trap of fraudsters! Read on to know how the scammers function.
How do the fraudsters operate?
> Fraudsters ask the customers to share Debit Card details, forward text messages, share Unified Payments Interface (UPI) registration One-Time Password (OTP) etc. over the phone.
> They use this data to create a new Virtual Payment Address (VPA) ID for your account and set MPIN to do transactions.
> Fraudsters ask customers to click unverified links etc. over text messages.
Steps to prevent fraud:
> Never share details such as Debit Card number, expiry date, registration OTPs on the call or other media. The bank never asks for such details.
> Avoid clicking on unknown links or forwarding any suspicious SMS.
> Never share your UPI MPIN with anyone.
Exercise caution and keep your hard-earned money safe.
Sincerely,
ICICI Bank Mobile Banking Team
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