SBI online fraud warning! Top 5 action points to avoid cybercrime

With the public accessing almost all services and carrying out financial transactions online, net banking payments have skyrocketed in popularity. Unfortunately, digital frauds' graph has also seen a shocking boost and that is exactly what SBI has warned about. However, you can protect yourself from online frauds by following certain safety tips. The State Bank of India (SBI) has listed a number of online payment tips which can be used while making payments. Check out the SBI online fraud warning and tips to avoid cybercrime:

Unified Payments Interface (UPI) based apps like Google Pay, Paytm, PhonePe, among others are being used by people to make online payments, recharges, among others. With this in mind, here we list a number of online payment tips that you need to keep in mind to stay protected from frauds. (Saumya Khandelwal/HT PHOTO)

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1/5 Unified Payments Interface (UPI) based apps like Google Pay, Paytm, PhonePe, among others are being used by people to make online payments, recharges, among others. With this in mind, here we list a number of online payment tips that you need to keep in mind to stay protected from frauds. (Saumya Khandelwal/HT PHOTO)

Falling prey to digital frauds can cause huge financial losses. Recently the State Bank of India (SBI) has revealed certain measures to its customers which can be used to avoid online frauds. SBI has said that people need to enter UPI PIN only while making online payment. (Reuters)

2/5 Falling prey to digital frauds can cause huge financial losses. Recently the State Bank of India (SBI) has revealed certain measures to its customers which can be used to avoid online frauds. SBI has said that people need to enter UPI PIN only while making online payment. (Reuters)

UPI PIN is required only for transfer of money and not for receiving. Always verify the mobile number, name and UPI ID before sending any money. (Pixabay)

3/5 UPI PIN is required only for transfer of money and not for receiving. Always verify the mobile number, name and UPI ID before sending any money. (Pixabay)

Never share UPI PIN with anyone. The scanner should preferably be used for fund transfer. (Bloomberg)

4/5 Never share UPI PIN with anyone. The scanner should preferably be used for fund transfer. (Bloomberg)

Do not seek resolution from other than official sources. Use App's help section for any payment or technical issue and in case of any discrepancy seek resolution through Bank's Complaint Resolution portal. (Mint/HT)

5/5 Do not seek resolution from other than official sources. Use App's help section for any payment or technical issue and in case of any discrepancy seek resolution through Bank's Complaint Resolution portal. (Mint/HT)