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What is Jumped Deposit scam? Here's how to protect yourself
short by System User / on Wednesday, 1 January, 2025
The 'Jumped Deposit' scam targets mobile banking users through UPI, where scammers deposit a small amount into the victim's account to trigger curiosity. Victims, upon checking their balance, unknowingly approve a fraudulent withdrawal by entering their UPI PIN. To protect yourself, avoid checking deposits immediately, verify with your bank, and never share your PIN.
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