TL;DR — 15 Second Read
- →Scammers trick users into sharing OTP
- →OTP gives full control to complete transactions
- →Never share OTP with anyone
Severity🟠 HIGH
Scam Typeotp scam
ActiveReported
AffectedAnyone using banking apps, UPI
OTP scams are one of the most common cyber frauds in India. Attackers trick users into revealing one-time passwords (OTP), which are then used to complete unauthorized transactions. Even a single OTP can result in money being stolen instantly.
Step-by-step protection guide
- •Do NOT share OTP
- •If shared → contact bank immediately
- •Block account if needed
- •Report on https://cybercrime.gov.in
How the Scam Works
How the scam works:
- •You receive a call pretending to be bank/support
- •They create urgency (KYC issue, account block, refund)
- •You receive OTP
- •They ask you to share it
- •Money is transferred immediately
Signs You Are Being Targeted
- •Urgent calls about account issues
- •Asking for OTP
- •Unknown numbers claiming to be bank
Real-World Impact
- •Victims lose money instantly
- •Common across India
- •Often targets non-tech users
Prevention Tips
- •OTP is private—never share
- •Banks never ask OTP
- •Avoid unknown calls
Frequently Asked Questions
What is OTP scam?
A fraud where attackers use OTP to steal money
Can I recover money?
Possible if reported immediately
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Last updated: April 28, 2026