Fraud Preventionarticle 4 min
Why No One Should Ever Ask for Your OTP
The single rule that prevents most UPI and banking frauds.
A One-Time Password is the final key to your money. Banks, the RBI, the police and customer care never need it.
Common tricks to get your OTP - 'Your account will be blocked — share the OTP to verify KYC.' - 'I sent money by mistake, please share the code to reverse it.' - 'Your parcel is held at customs, share the OTP for re-delivery.'
The rule If someone asks for an OTP, it is a scam. Every time. Hang up and call your bank on the number printed on your card.
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