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There's an increase in the trend of people switching to online and mobile banking. In such a scenario, it becomes important to understand how to use them.
1] Bank-Specific Mobile Apps- One must use only the official apps of banks. These can be downloaded from trusted sources like Google Play Store or Apple App Store.
Multiple fake apps can steal all the login details and get access to one's bank. Therefore, one must be very careful with the app being used.
Two-factor authentication is an extra layer of security for the banking apps. Here, there are two steps of logging in which usually is the password and a code sent to mobile.
Unified Payments Interface (UPI) apps should be used with caution. Only the government-backed BHIM app or popular options like Google Pay, PhonePe, and Paytm should be preferred.
One should never share the UPI PIN, verify the receiver's name, or payment requests and avoid scanning QR codes.
Digilocker app lets one store digital copies of important documents like Aadhaar, PAN card, driving license, and more. It can help during fraud.
A reliable antivirus should be installed on the phone Or computer and there should be auto-updates.