First one of the most important information is, you should not share any sensitive PIN or UPI pin with any one or Don't store it in the Mobile Phone.Also when Mobile phone is stolen, Deactivating UPI payments becomes one of the most important tasks.
Also the Unified Payments Interface (UPI) is much popular in India, Everyone knows that how to make a transactions using the UPI payments app like Gpay or PhonePe etc.., Also with UPI transactions crossing over 2,800 million in June 2021. Starting from bill payments to transferring money from one bank account to another, UPI can be used for most tasks that require real-time transfer of funds.
All major commercial banks in the country support UPI as a part of the collective goal to transform India into a digital economy.But with the growth of UPI as a system for enabling digital payments, it has also become important for users to understand what they should do to save their hard-earned money.
we are detailing the steps you should take to deactivate UPI payments from your linked bank accounts in case you lose your mobile phone.
Steps involved in the Deactivate UPI process as follow,
1.Block your phone number by calling the customer care service of your network carrier.
This will restrict thieves from initiating transactions using your SIM card or lost mobile phone.
2. You may be asked to provide your personal details such as your full name, billing address, and the
last recharge or bill amount paid for verification before proceeding with your request.
3.Call your bank helpline to get your phone number blocked from your account and ask to disable UPI service.
4. File a first information report (FIR) about losing your mobile phone.
This can be easily done online for residents of most states in India.
An FAQ page on the National Payments Corporation of India (NPCI) site talks about blocking a mobile number in case a user has lost their mobile phone.
However, there isn't any workaround available on the site to let users get their UPI access blocked.
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