UPI was introduced on 11 April 2016, and the father of UPI is The National Corporation of India (NPCI). UPI is a payment method. Ever since UPI was introduced, people have experienced numerous changes in their daily lives. It has made it very simple to transfer money. But with the increment of online payment, fraud, and scams also increased. So, how to deal with such problems? Here we discuss how to reduce the fear of scams and fraud. How to make safe and secure payments?

We used to do some common things because we needed clarification or needed to be made aware of collection requests and payment requests. UPI is new, so sometimes they pay instead of receiving money for something.


  • Verify UPI Id

UPI is a unique identifier, and one can share it with someone for money transactions. But we should keep a few things in mind while receiving money. Always verify the person’s UPI id before making any payment, especially when using apps like phonepay, and it is to ensure you transfer your money to the correct person.

  • Change the UPI PIN regularly.

Changing the UPI pin regularly is extremely important, and it is something that you can take advantage of. It will keep your account safe from several scams and protect you from UPI fraud.

  • Check sms alert after any transaction

Whenever there is any transaction, one will always receive messages from their bank. It is to confirm how much is credited or debited to your account, and it’s important to verify the amount with your bank and notify the bank immediately if it is correct. It applies to various platforms including payrm.


  • Do not share UPI pin or OTP

Sharing is caring, but OTP and UPI pins cannot be shared with others. So avoid that. Many times, somebody texts you or calls you telling you they are from government authorities and they ask you for OTP or UPI PIN. So don’t get fooled, and never share that with anyone because government authorities will never ask you for your passwords, OTP or UPI PIN.

  • Never allow anyone to have access to your devices.

Requesting access to your devices for KYC. It’s another way to scam people. Hackers can hack your bank account. So make sure to avoid such things and never give access to anyone. Either if they say they are from certified authorities or customer care agents. Never listen to them.

  • Don’t click on any random links.

Sometimes we might get messages from unknown contacts. Saying that you have received this large amount, click the link to transfer to your bank account or you have won rewards. Again it’s a red flag, never trust them and never click on their link. By clicking on such links, they will transfer all your money from your bank account to your bank account.

We need to be aware of such scams and frauds. We have often heard that caution and vigilance are the keys to protecting ourselves from these frauds. We need to be careful and alert when dealing with such issues. And we need to follow all the instructions from the RBI and our banks. Also, there is a UPI safety shield by NPCI ensuring a safe and secure transaction when using apps like peytm, which are safe and secure for money transferring.

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