digital money transfer safety tips

Digital Money Transfer: Easy way to avoid fraud in digital transactions

Digital Money Transfer Online payment ie digital transactions have made the transaction of money very convenient. But with this, cases of online fraud are also increasing continuously. If you too do not fall prey to such fraud, it is important to know how digital frauds are, and what kind of precautions can be avoided? This time, Veena Gautam, a digital banking expert, is telling in detail…


Digital Money Transfer: Easy way to avoid fraud in digital transactions Digital Money Transfer Online payment ie digital transactions has made the transaction of money very convenient. But with this, cases of online fraud are also increasing continuously. If you too do not fall prey to such fraud, it is important to know how digital frauds are, and what kind of precautions can be avoided? In this time, Veena Gautam, a digital banking expert, is telling in detail.

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Digital Money Transfer These days you may have also seen a video going viral on social media. In this video of about six to seven minutes, one person tells the story of his cheating and then the attitude of the police. At the end of the video, he pleads with the government to save the country from such frauds. However, the video is such that this person had posted a post on the OLX website to sell something, after seeing it, someone called him and fixed a sum to buy the related item. Then he said that he sends half the amount now and will make half the amount while taking the goods.

According to the victim, his phone comes in a while and he says that he has sent half the payment, please check the amount in your account by pressing the Pay button. According to tell, this person did the same and it came to know that the payment that was expected to come, she did not actually come back. Realizing this, this person immediately called him, but since then his phone is getting locked. Actually, this is not the story of a single video circulating on social media. Nowadays, dozens of such stories will be heard everywhere. There may be the talk of promoting digital transactions from the government to the RBI, but the kind of frauds that are taking place in digital transactions nowadays, they are trying to shake the whole system.

Inadvertence is the reason [digital money transfer safety tips]

 However, the truth is that crime does not happen in which system? There is no system in the world where there is no fraud. Therefore, it is not possible to withdraw from digital transactions due to such fraud. The question is how to avoid being a victim of such fraud? Surely it is possible to avoid them. We just need to be vigilant and know how such messes happen. Actually these days people use all apps for digital transactions. If such precautions are not taken in the process of this transaction, then such disturbances occur.

 Possible to escape [digital money transfer safety tips]

 Now the question is, what are the precautions that get rid of such disturbances? The first and most important precaution is that whatever messages come during such transactions, they should be read very carefully. Never be in a hurry. In fact, all these payment apps are linked to your bank account. Although some companies also have digital wallets, most of the digital transactions take place directly through a bank account app instead of a wallet. We should understand this entire system well to avoid any kind of fraud in digital transactions. It is not that payment apps are a danger in themselves, but when we are disciplined and do not adopt their security measures, then they become a problem.

This is how fraud happens [digital money transfer safety tips]

 You also know that all payment apps use two types of pins for the transaction process. One MPIN and another UPI PIN. Without these pins, the payment app can neither be opened nor closed. For example, if you want to get money from someone, then you have to use MPIN to open the app, while UPI PIN will have to be used to send money. Therefore, use the pin thoughtfully. Nowadays, fraudsters use greed to send payments as fraud. These people live on the hunt for those people, who upload their things on a website to sell. The fraudsters deal with such people and then send them the option of requesting money in the name of sending money. After this, he tells the person that the money has been sent, please make it OK and check the UPI PIN after entering it. Most people fall into these kinds of things, that is, in jams and they fix the message without reading it carefully. Also, to know whether the money was sent to his account or not, try to check his balance by putting UPI PIN, he gets caught in these moments. As soon as he tries to check the payment by entering the UPI PIN, the same amount of payment goes back to his account.

Stay Completely Alert [digital money transfer safety tips]

 Said anything, but the biggest mistake in this is that of those who use the app incorrectly. Actually, money is deducted from your account only when you use your UPI PIN. So keep in mind that use your UPI PIN only when it is ensured that you will not be cheated. This certainty is necessary because the Reserve Bank of India also warns that the bank will not be responsible if the UPI PIN has been inserted in the payment app user and money has been deducted from his account. Because of this, instead of accusing someone else, we have to blame ourselves for this digital fraud.