City
Epaper

SBI issues alert to it's customers to be vigilant while making payment by QR Code

By Lokmat English Desk | Published: September 28, 2021 2:20 PM

Currently, the use of QR Code has increased rapidly due to contactless payments. With the increasing use of QR ...

Open in App

Currently, the use of QR Code has increased rapidly due to contactless payments. With the increasing use of QR codes, the risks associated with it are also increasing. The QR code has made the online payment process much easier. Meanwhile, some people are even trying to deceive people by using it. Against this backdrop, the country's largest bank, State Bank of India, has alerted its customers. QR Code is never used to receive money. You are not asked to scan the QR code when receiving payment for this. Beware of such things. If you are paying by QR code, it is important to know some important things about it.

SBI has warned its customers that QR codes are never used to make money. Meanwhile, the QR code cannot be hacked. Anyway, some people are replacing the QR code for fraud. They can also lure you to scan QR codes in any way.    

SBI took to Twitter and wrote,"You don’t receive money when you scan a QR code. All you get is a message that your bank account is debited for an ‘X’ amount. Do not scan #QRCodes shared by anyone unless the objective is to pay. Stay alert. #StaySafe. https://youtu.be/bu8JZLIHg-c"

Whenever you are asked to send a specific amount, scan the QR code using UPI apps like Google Pay, BHIM, SBI Yono etc. and then enter the amount and your UPI PIN to confirm the transaction.

Tags: State Bank Of Indiasbi
Open in App

Related Stories

NationalState Bank of India Raises Fixed Deposit Rates by Up to 75 bps

NationalSBI Net Banking, UPI and YONO Services Temporarily Down Today for Annual Closing Activity; Details Inside

NationalDebit Card Fees: SBI Announces Revised Annual Maintenance Charges for Debit Cards, Starting April 1st

BusinessMaharashtra, Uttar Pradesh Spearhead India’s Post-Pandemic Growth: SBI Report

BusinessMarch 31st Deadline Alert: Complete PPF, Sukanya Samriddhi KYC, and More Financial Tasks to Avoid Losses

Business Realted Stories

BusinessHariprasad Kapilavai’s leadership in reshaping the future of Cloud Technology 


BusinessSagar Setia, CEO Invincible Publishers, and Sachin Academy Join Forces to Revolutionize Indian Education

BusinessUnsold real estate properties decline in Delhi-NCR by 57 %, rate slower in South India

BusinessMedec Medicare Limited Bags Prestigious India's Best Managed & Promising Start up Enterprise 2024

BusinessIIFL Home Finance becomes India's leading affordable housing finance company with AUM crossing Rs 35,000 crores and PAT increasing by 32 per cent YoY