Most Common Financial Scams In India

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With increase in dependency on online payments, the risk of frauds and scams have also risen

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Here are the some most common online payment scams in India that you must know about

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UPI Fraud
Scammers manipulate individuals into making unauthorized UPI transactions or trick them into sharing UPI PINs

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Digital Banking fraud
Scammers use a phone call to get sensitive information like login details, username, transaction passwords

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Credit Card Fraud
A criminal steals someone else's credit card information and uses it for their own financial gain

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Identity Theft
Scammers misuse personal information to impersonate individuals, gaining unauthorized access to their accounts and making fraudulent transactions

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Fake delivery OTP scam
Frauds and scammers have managed to break this security and steal money from customers' bank accounts

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Fake QR codes
Fake websites mimic online stores and lure users with fake QR codes, who end up making payments for products that don't exist

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Financial scams can take many forms and staying informed about common scams and frauds is your best defence

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Most Common Financial Scams In India

With increase in dependency on online payments, the risk of frauds and scams have also risen

Here are the some most common online payment scams in India that you must know about

UPI FraudScammers manipulate individuals into making unauthorized UPI transactions or trick them into sharing UPI PINs

Digital Banking fraudScammers use a phone call to get sensitive information like login details, username, transaction passwords

Credit Card FraudA criminal steals someone else's credit card information and uses it for their own financial gain

Identity TheftScammers misuse personal information to impersonate individuals, gaining unauthorized access to their accounts and making fraudulent transactions

Fake delivery OTP scamFrauds and scammers have managed to break this security and steal money from customers' bank accounts

Fake QR codesFake websites mimic online stores and lure users with fake QR codes, who end up making payments for products that don't exist