It becomes very important to deactivate UPI payments in case of loss of mobile phone. Unified Payments Interface (UPI) has become a major payment system in India, with over 2,800 million UPI transactions in June. From bill payments to transferring money from one bank account to another, UPI can be used for most tasks. All major commercial banks in the country support UPI as part of the collective goal of transforming India into a digital economy.
But along with promoting digital payments, it has also become important for users to understand what they should do to save their hard earned money.
In case you lose your mobile phone it becomes very important for you to deactivate UPI payments from your linked bank accounts. In this article, we are telling about those steps in detail.
How to deactivate UPI payments in case you lose your mobile phone
Before taking steps on how you can deactivate UPI transactions in case you lose your mobile phone, it is important to note that you should not share your UPI PIN or any other sensitive details with anyone during the process. needed.
Block your phone number by calling the customer care service of your mobile network operator. This will prevent thieves from initiating transactions using your SIM card or lost mobile phone. You may be asked to provide your personal details such as your full name, billing address, and last recharge or bill amount paid for verification, before proceeding with your request.
Call your bank helpline to block your phone number from your account and ask to disable the UPI service.
Register an FIR about losing your mobile phone. This can be easily done online for the residents of most of the states of India.
An FAQ page on the National Payments Corporation of India (NPCI) site describes how to block a mobile number. This can then be helpful in case the mobile phone is lost. However, there is no workaround available on the site to block the user’s UPI access.