"Jumped Deposit Scam": New Wave of Financial Fraud in India

Beware! If you live in India or an Indian citizen, the “Jumped Deposit Scam” is the latest wave of financial fraud. Scammers are targeting people and looting their hard-earned money. The twist in this scam is that the word “deposit” is being used to refer to withdrawal money. In this article, we will make you aware of this new tactic being used by fraudsters. Reports indicate that UPI users are the main targets of this scam. Stay alert!

How does this scam work?

You may receive an unexpected call one day from someone claiming they mistakenly transferred a small amount of money into your account. Theyll ask you to check your balance to confirm if the payment was received. Playing on your psychology, the scammer will then send you a link, urging you to click it to view your bank statement. If you click the link, they will steal your money. Always be cautious and avoid clicking suspicious links.

Do not click on any Link

The link the scammer sends you is a withdrawal request that requires your permission to transfer money from your account. This is how scammers easily steal people's money by manipulating them into giving access to their funds.

You must stay alert if you receive any call or message from an unknown source. If they ask you to click on a link for any reason, do not click it. Instead, hang up or block the number immediately. Scammers are becoming more skilled at manipulation, so it's crucial to stay calm, attentive, and cautious. By doing so, you can avoid falling victim to these scams.

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