Smartphones have made our life so much easier, with transactions before a blink of an eye and quick access to multiple banks on our smartphones and devices. but with these facilities comes great risk.
If your phone got stolen, anyone can use the details that saved your smartphone to misuse the UPI and net banking services to transact money. This facility can cost you greatly.
To know how to protect yourself from this mishap, follow these 5 tricks in case your phone gets stolen.
Block Sim Card:
The most important step is to block your sim card. This will protect your bank from receiving any OTP request for transactions. since most of the payments are OTP verifies, it is best to block service before it's too late
Block Mobile Banking Access:
It is advised to block the mobile number to protect the thief from misusing your contact number. this is just an additional step that protects you and your bank details
Visit Local Bank Brank To Change Mobile Number:
So after you have blocked your sim card, the bank account still requires a phone number to notify you in case of any transaction. therefore visiting your nearest bank branch to change the phone number.
Deactivate Upi Payment:
Deactivating UPI payment saves you from any transaction being carried out through mobile banking applications like Paytm, Phonepe, Google Pay, etc.
Block Mobile Wallet:
Mobile wallet transactions do to require any OTP verification, therefore the wallet needs to be blocked as soon as possible. if you save a large amount of money in your mobile wallet on apps, the person with your device can use that money.
File An FIR:
Filling an FIR is a necessary step in case of any theft. This ensures that they are tracked in case of any transaction, and you get your device and money back.
