Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
What is the new 'jumped deposit' scam?
short by Pragya Swastik / on Thursday, 2 January, 2025
A new 'Jumped Deposit' scam is targeting mobile banking users where a scammer sends a small amount, typically around ₹5,000, to a potential victim's bank account using UPI. The scammer then instantly sends a withdrawal request to the person with a much higher amount. When the victim opens banking app and enters PIN out of curiosity, fraudulent withdrawal gets approved.
read more at Hindustan Times