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SBI warns of UPI fraud: How the ‘jumped deposit scam’ can drain your bank account

Livemint 11 October 2026 at 10:06 am 1 min read 5 views Read Original
SBI warns of UPI fraud: How the ‘jumped deposit scam’ can drain your bank account

SBI has warned bank customers about the jumped deposit scam, in which fraudsters exploit unexpected bank credits to trick victims into approving high-value UPI payments. Learn how the scam works, recognise warning signs and protect your bank account from digital payment fraud.

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