New Delhi, Oct. 11 -- The State Bank of India (SBI) has issued a serious warning to customers and citizens across the country about a 'jumped deposit' scam. In this scam, fraudsters allegedly exploit unexpected banking credits to trick innocent victims into authorising high-value payments through the Unified Payments Interface (UPI).

Having a clear understanding of this scam and its various forms is vital for citizens in order ot protect their financial interests. Keeping this in mind, let us discuss the basics of this scam in detail and the ways that can be deployed by individuals to keep themselves safe.

In a post on X on 10 October 2026, as part of its National Cyber Security Month Special Campaign 6.0, SBI urged customers to remain ...