RBI new rules to those sending money through Phone Pay, Google Pay

Today is the digital world, everyone has a smartphone in their hands, and many people using phones are making UPI payments easily. Even an uneducated person knows UPI payment system today. RBI new rules to those sending money through Phone Pay, Google Pay.

Money can be sent instantly with just a few minutes on a smart phone, there is no problem of going to the bank and waiting for a long time, the payment can be made on the spot, but as online transactions are increasing, online frauds are also increasing now.

What did RBI say?

One should be very careful while doing online transactions, before sending money to any account, note the account number, IFC number of the person sending the money correctly and make the payment. This responsibility is yours. If you deposit money into someone else’s account, you will be fully responsible for it. It has been clarified by RBI rules.

Today as online payments are increasing, new ways are being found to steal money, it is important for customers to be aware of UPI scams, don’t give any information like UPI number, OTP number, information, don’t even open some unwanted messages and make a request.

Advantages are increased:

Through the UPI facility, customers have made it easier to use, they can easily deposit and withdraw the money in their bank account to another account, besides this, they can make various payments including electricity, water, and other payments.

UPI payments can now be made through WhatsApp. Online transaction made easier for people, but only people need to be careful about online frauds, awareness of this is also necessary.

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