In today’s digital era, we do everything from our mobile, whether we have to pay money to the vegetable vendor, share bills with friends or do online shopping. Now there is no need to carry cash, because UPI has made payments easy, fast and safe. But as easily as we are transferring money, the cases of UPI fraud are also increasing.

Many times people hastily click on such links or scan QR codes, due to which their bank account becomes empty. Cyber ​​fraudsters have become so clever that they pretend to be bank officials, app support team or government agents and get OTP or UPI PIN from people. In view of this danger, RBI has recently issued new guidelines, so that users can stay safe from such frauds. If you also use UPI daily, then you must know these smart tips. By adopting these you can remain 100% safe.

1. Stay away from unknown links or QR codes – Most of the frauds are happening through phishing links and fake QR codes. Scammers send you a link in the name of a refund, reward or cashback. As soon as you click on it or scan the QR code, your bank information reaches them. RBI has clearly said that if you want to get money, then you do not need to scan or click anything. No real company or bank will ask you to scan QR to send money.

2. Never tell your UPI PIN or OTP to anyone – This is the most common and dangerous mistake. Producers call and say that they are calling from bank or Paytm, PhonePe and want to verify your account, just tell OTP or PIN. In such a situation, keep in mind that UPI PIN is only for sending money, not for receiving money, no bank, app or company ever asks for OTP, PIN or password. If someone asks you to enter the PIN so that the money comes, then understand that the person in front is committing fraud.

3. Use only official UPI app – Nowadays, fake UPI apps are also available on Play Store and websites, which look like real ones. Such apps can steal your login details and bank data. Therefore, before downloading the app, check the name of the developer and install the app only from Google Play Store or Apple App Store. While installing, read the permissions that the app is asking for carefully. If any app is offering Instant Cashback or Double Money Offer, then it is almost certain that it is a fraud.

4. Before sending money, check the name of the receiver twice – Many times fraudsters use a name that sounds like a friend or brand. As soon as you send money to the wrong ID, they disappear immediately. Therefore, every time before doing a transaction, double check the name of the receiver and UPI ID. If the name on GPay, Paytm or PhonePe looks strange or is not recognized, cancel the transaction immediately.

5. Report fraud immediately – If you accidentally get a UPI fraud, instead of panicking, take immediate action. According to the new guidelines of RBI, the bank will now have to take reports of such cases within 24 hours. You call the customer care of your bank. Contact immediately on National Cyber ​​Helpline number 1930. Apart from this, register online complaint by visiting https://cybercrime.gov.in/.

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Shares of gold -giving companies Muthoot Finance, Manappuram Finance and IIFL Finance registered a rise of up to 8 per cent on Friday, June 6, 2025. The reason for this was the announcement of the Reserve Bank of India (RBI), in which it was said to increase the value of the loan taken on gold.

Loan to value rage increased

RBI told in the press conference that now the loan to value (LTV) ratio on gold loans up to 2.5 lakh will be increased from 75 percent to 85 percent. Meaning if you have 1 lakh gold, now you will be able to take a loan of up to 85,000 on it. Earlier this limit was Rs 75,000.

Companies perform in stock market

By Friday afternoon, the share of Muthoot Finance rose 6.34 per cent to Rs 2,438.35 and also touched an all -time high of Rs 2,470.25 in day business. Manappuram Finance shares jumped 3.99 per cent to Rs 243.75, while IIFL Finance was trading at 449.30 with a rise of 4.77 per cent. At the same time, BSE Sensex was only 0.79 percent to 82,083.9.

What is the complete planning of RBI?

RBI Governor Sanjay Malhotra said that the new gold loan regulations will be released on June 6, and if it is late due to some reason, these rules will definitely be revealed by June 9. This decision is not only beneficial for the borrowers but is also a major positive sign for companies working in the gold loan sector.

Draft framework came in April

The RBI released a draft regulatory framework in April 2025, proposing a gold loan guidelines. Its purpose was to set a similar rules for all types of lenders – such as banks, NBFCs, housing finance companies, cooperative banks and regional rural banks.

Main things of draft guidelines

All lenders have to include the rules related to gold loans in their credit and risk policy.

Standard process has to be implemented to check the value and purity of gold.

It will be necessary to monitor what the loan money is being used for.

Loan renewal and top-up will be available only when the previous loan is in standard category and LTV comes under ratio.

Before giving a loan, it will be mandatory to appropriately evaluate the borrower’s repayment ability and to delete dele.

What does this change matter to investors?

This decision of RBI can give a new pace to the business of gold finance companies. With more LTV, more customers will come forward for loan, which will increase the business of companies. Investors immediately sensed this possibility and started purchasing vigorous in shares.

Disclaimer: (Information provided here is being given only for information. It is necessary to tell here that the investment market is subject to risks. Always consult expert before investing as an investor. Never is advised to invest money from Abplive.com.

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