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UPI Tips: If you lose or steal your phone, don’t panic, deactivate your UPI account, see Process

New Delhi: UPI Payments: The trend of digital payments (UPI) has grown rapidly and now almost everyone is using digital payments. Even in the Covid-19 era, digital payment options and touchless transactions have been a huge help in transactions. Since then, digital payments have gained momentum. Usually people resort to digital payment for purchases. Because, it is easy to make UPI payment using mobile. With the UPI payment option, the need to keep cash in your pocket is almost gone. With the help of your smartphone you can shop from big malls to small grocery stores.

But, in such a situation, if you lose your mobile somewhere and it falls into the wrong hands, they can also empty your bank account. So there are some things to keep in mind when using UPI Payments. Here’s how to easily deactivate your UPI account if your phone is stolen or lost.

Follow these steps to deactivate UPI Account:

If the phone is stolen or lost, first call the customer care executive of your mobile network and ask them to block your mobile number and SIM immediately. The executive will prevent you from creating a UPI PIN using your mobile number. To block a SIM, the customer care executive may ask you for details such as your full name, billing address, last recharge details, email id, etc.

Next, you need to call your bank’s helpline number and ask them to block your bank account and turn off UPI services. You will then need to register an FIR for the lost phone, using which you can then restart your SIM and banking services.

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