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

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

SBI has issued a warning to customers about a UPI fraud known as the 'jumped deposit scam'. In this scam, fraudsters exploit unexpected bank credits to trick victims into approving high-value UPI payments. Customers are advised to be cautious and recognize warning signs to protect their bank accounts from digital payment fraud.

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