NPCI clarifies misconceptions about Jumped Deposit scam, no fraud reported

In light of recent media reports about a purported new online fraud called the ‘Jumped Deposit’ Scam, the National Payments Corporation of India (NPCI) has stepped forward to clarify inaccuracies and technical discrepancies in these descriptions to allay fear and confusion among users about the safety and reliability of the Unified Payments Interface (UPI) platform.

“We would like to clarify that no instances of fraud, as described in the articles on ‘Jumped Deposit’ Scam, have been observed on the UPI platform,” said NPCI in a statement.