Will affect the pocket:
While on the one hand inflation is increasing so much, on the other hand the burden on the pockets of the people is going to increase. Where the burden on the pockets of the users will increase. At the same time, this news has brought great relief for apps like Paytm, PhonePe and Google Pay. This will help in increasing the revenue of the companies.
Explain that the way the number of UPI payments is increasing, cyber frauds are also increasing at the same rate. In this case you need to be careful. We are telling you here what you should take care of while making UPI payments.
Keep these things in mind while making UPI payment:
- Always keep in mind that UPI PIN is not required to receive payments. Those who do not know, let them know that you make payments through UPI PIN only. In such a situation, if someone tells you that you have to make a payment and you share your UPI PIN, then you need to be careful.
- If you are paying someone through QR code or phone number, then you should check whether the code and number belong to the person to whom you have to pay correctly or not. Many times cyber criminals do fraud in this too.
- Do not accept any random or unknown collect request. Doing so can empty your bank account.
- Nowadays many fraud cases are coming in front of QR code only. Sometimes fraudsters change the code. Due to this, the payment to whom you want to pay goes to someone else instead of going to it. So after scanning the QR code, check the name as well.
If you do not take care of these things then you may get hit hard. One charge is going to start on UPI payment and if you pay to the wrong person then the loss will be yours from both the sides.
Summarize this content to 100 words There is bad news for those making UPI payments. Let us tell you that from April 1, UPI transactions are going to be expensive. If you pay more than Rs 2,000 then you may have to pay extra charge. Recently National Payments Corporation of India (NPCI) has issued a circular advising to implement Prepaid Payment Instruments (PPI) fees on merchant transactions through Unified Payments Interface (UPI) from 1st April. NPCI has said in the circular that on payment of more than Rs 2,000, an intercharge of 1.1 percent (according to the amount being paid) will have to be paid for using PPI on UPI. Will affect the pocket:While on the one hand inflation is increasing so much, on the other hand the burden on the pockets of the people is going to increase. Where the burden on the pockets of the users will increase. At the same time, this news has brought great relief for apps like Paytm, PhonePe and Google Pay. This will help in increasing the revenue of the companies. Explain that the way the number of UPI payments is increasing, cyber frauds are also increasing at the same rate. In this case you need to be careful. We are telling you here what you should take care of while making UPI payments. Keep these things in mind while making UPI payment:Always keep in mind that UPI PIN is not required to receive payments. Those who do not know, let them know that you make payments through UPI PIN only. In such a situation, if someone tells you that you have to make a payment and you share your UPI PIN, then you need to be careful.If you are paying someone through QR code or phone number, then you should check whether the code and number belong to the person to whom you have to pay correctly or not. Many times cyber criminals do fraud in this too.Do not accept any random or unknown collect request. Doing so can empty your bank account.Nowadays many fraud cases are coming in front of QR code only. Sometimes fraudsters change the code. Due to this, the payment to whom you want to pay goes to someone else instead of going to it. So after scanning the QR code, check the name as well.If you do not take care of these things then you may get hit hard. One charge is going to start on UPI payment and if you pay to the wrong person then the loss will be yours from both the sides.