UPI/Bank Fraud via OTP
🔹 Short Note :
One of the most common and serious cyber scams is UPI or bank fraud via OTP. The fraudster convinces the victim to share OTP and withdraws money from the victim’s bank account. Sharing OTP is like giving your account keys to a thief.
🔹 Detailed Explanation :
English:
One of the ways for UPI and bank OTP fraud to take place is if the user is tricked into revealing their One-Time Password (OTP) through the intervention of a third party. Fraudsters, to get your OTP, generally impersonate bank officials, customer care executives, delivery agents, or payment app support teams. They try to create an emergency situation by citing account blockage, refund issues, or failed transactions.
Once a victim gives away the OTP, the fraudsters take advantage of the same by either authorizing the transaction(s), resetting the UPI PIN(s), or obtaining access to net banking and wallets online. It is only a matter of a moment before the money goes to the other person and the victim realizes it.
Hindi :
UPI/Bank OTP Scam me fraudster apne aap ko bank ya payment app ka staff batata hai. Wo kehta hai ki account block ho jayega, refund process chal raha hai, ya transaction fail ho gayi hai. Isi bahane OTP ke liye maang hoti hai.Jaise hi OTP diya jata hai, scammer UPI PIN reset kar leta hai ya transaction ko approve kar deta hai. Kuch hi seconds me paisa account se nikal jata hai.
🔹 Main Conditions
- Fraudster OTP share karne ke liye bola
- Caller bank, UPI app, ya customer care ban kar baat ki
- Urgency ya fear create kiya gaya
- OTP ke baad turant unauthorized transaction hua
- Victim ne khud OTP disclose kiya ho
🔹 Example
Ankit ko call aaya ki wo apna UPI account ko update kar sakta hai verification ke liye. Caller ne kaha OTP batane se problem thik ho jayegi. Bas OTP share kiya, 85,000 uske account se transfer ho gaye.
🔹 Key Legal Points
- OTP fraud is considered as cyber cheating
- IPC Section 420 (Cheating) is applicable
- IT Act ke tehat unauthorized access ka offence hai
- Banks OTP kabhi call par nahi maangte
- Early complaint se amount freeze ho sakta hai
🔹 Nyay Neeti Advice
- OTP, PIN, CVV kabhi kisi ke saath share nahi karte hain
- Bank or UPI apps cannot ask for OTP, over the phone, for verification
- Trust should not be placed on unknown calls
- In case of fraud, 1930 should be called immediately
- Keep proof such as call logs and messages
