Unified Payments Interface (UPI) has changed how Indians make real-time payments for daily services. Launched in 2016, UPI has gained popularity - thanks to the quick money transfer along with the safety net it offers. According to the data released by the National Payments Corporation of India (NPCI), UPI transactions rose astronomically to Rs 10.7 trillion in August.

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In the digital age where payment is just one click away, users are required to be sure and mindful while making payments. Online transactions have also increased financial scams. Therefore, to protect your account, it is necessary to exercise caution. State Bank of India, the country's largest lender, has shared tips while using or making UPI transactions:

UPI Payment Tips

1. There is no need to enter your UPI PIN while receiving money from anyone. In case you get any message or call asking UPI PIN, just IGNORE.

2. Must verify the identity of the person you are sending money. It is done to ensure that the person receiving the money is known to you or a genuine official source and not a fake account.

3. Do not accept random or unknown requests seeking money collection.

4. UPI PIN is a secret code that should not be shared with anyone. PIN is actually a security code that ensures that the outgoing transaction is being carried out by the authentic owner of the bank account. It is used only while sending money to anyone.

5. You can make the payments on UPI apps by scanning the QR code provided by the merchant, shop or even individuals. When you scan a QR code, the beneficiary's name appears on the screen. Do ensure to check the beneficiary details before sending money.

6. It is recommended that you change your UPI PIN regularly.