Jumped Deposit Scam: You will enter the PIN to check your bank balance and money will be withdrawn from your account, a new scam has come into the market

Jumped Deposit Scam- Tamil Nadu Police has issued an alert regarding the 'Jumped Deposit Scam'. In this scam, the fraudsters dupe the victim of his ...Read More

 Cybercriminals invent new ways every day to fraudulently withdraw money from people's bank accounts. Now once again they have come up with a new trick to empty the bank accounts of UPI users. It has been named 'Jump Deposit Scam'. This method of cheating is so unique that the person who falls prey to it does not have the slightest idea that he is being cheated. In this method, first, the cyber criminals send money to the bank account of their 'victim' through UPI. They know that most people check their bank balance as soon as they get the message of money being credited. As soon as the person receiving the money enters the PIN to check his balance, money is withdrawn from his account.

Tamil Nadu Police has issued an alert regarding this scam. Along with this, many complaints about this scam have also been registered on the National Cyber ​​Crime Reporting Portal. Tamil Nadu Police says that if an unknown person has sent money to your account through UPI, then you need to be careful.

This is how the account gets emptied

Fraudsters deposit a small amount in a person's bank account through UPI. Immediately after this, they request the person to withdraw a larger amount than the deposited amount. As soon as they get the message of money being deposited, most people usually open their UPI app to check their bank balance. For this, they enter their Personal Identification Number (PIN). Since the fraudsters have already sent the request to withdraw money from the account, their withdrawal request gets approved as soon as the PIN is entered and money gets withdrawn from the account.

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Save your money like this

UPI users can avoid this scam in two ways. The first way is that if you get a message of money being deposited, then wait for 15-30 minutes before checking the balance. This will cause the withdrawal request to expire automatically after some time and your entering the PIN will have no effect. The second way is that if you do not have time to wait, then deliberately enter the wrong PIN so that the previous transaction gets rejected.

PC:News18