• Fraudsters deposit money into the victim’s account unexpectedly.
• They claim it was an accidental transfer and request a refund.
• Victims unknowingly authorize larger withdrawals or disclose sensitive banking details.

2. Jumping Deposit Scam (2024)

Steps of the Fraud:

1. Unexpected Deposit:
   • The victim notices an unexpected deposit in their bank account via UPI.
2. Fraudulent Communication:
   • The scammer contacts the victim, claiming the deposit was accidental and requests the victim to return the money.
3. Deceptive Refund Request:
   • The scammer often asks the victim to approve a ‘collect request’ or provide sensitive information to facilitate the refund.
4. Unauthorized Withdrawal:
   • Upon complying, the victim unknowingly authorizes the scammer to withdraw funds from their account.