Safeguard yourself against UPI frauds



Protect yourself from fraudulent payments on the Unified Payment Interface (UPI) applications.   • Fraudsters send QR Codes using messaging applications to targeted individuals and persuade them to scan the QR Code or send a 'Collect Request' to click and approve a payment   • Once scanned or approved, funds are transferred to the fraudster's account.   • Often fraudsters trick the targeted individual by building a false story such as intending to buy a product that the targeted individual is selling or impersonating as a bank or an online shopping company executive   • Fraudsters then offer to process refunds/unclaimed cashback offers, Reward Points, etc.   • A QR Code or a 'Collect Request' is sent to the targeted individual.   • They scan the QR Code or approve the 'Collect Request'   • Funds are then transferred to the fraudster's account once the individual uses his/her UPI PIN or Mobile PIN (MPIN)     • UPI PIN or MPIN are not required for 'receiving funds'. It is only required for payments   • If your UPI PIN/MPIN is compromised, change it immediately   • In case of a fraud, check for the transaction in your linked account and report it immediately   • Do not share your UPI PIN or MPIN with anyone For more information on online security, visit www.icicibank.com or call ICICI Bank Phone Banking. Sincerely, ICICI Bank Limited. T&C apply *Click here to view the Disclaimer