An unexpected deposit in a bank account followed by a phone call demanding an immediate refund could be a warning sign of a UPI fraud, the State Bank of India (SBI) has cautioned customers. In its warning about the ‘Jumped Deposit Scam’, the bank said fraudsters use small, unexpected credits to gain a recipient’s trust before trying to get them to approve a much larger payment.
The scam exploits a situation in which a person wants to return money they believe was transferred accidentally. A caller claims to have sent the money by mistake and insists it must be returned immediately. The recipient may then be pressured through urgent demands, emotional appeals or claims of an emergency. The risk is that the person ends up approving a payment for a much higher amount than the money originally credited to the account.
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