SBI warns of UPI fraud: How the ‘jumped deposit scam’ can drain your bank account
SBI has warned bank customers about the jumped deposit scam, in which fraudsters exploit unexpected bank credits to trick victims into approving high-value UPI payments. Learn how the scam works, recognise warning signs and protect your bank account from digital payment fraud.
The State Bank of India (SBI) has issued a serious warning to customers and citizens across the country about a ‘jumped deposit’ scam. In this scam, fraudsters allegedly exploit unexpected banking credits to trick innocent victims into authorising hi... [3978 chars]
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- Business
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- Crime & safety
- First reported by
- Livemint
- Published
- Sunday, 11 October 2026, 1:36 pm IST
- Coverage
- One outlet so far
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