The National Payments Corporation of India (NPCI) will implement new UPI rules starting Friday, August 1, to improve app performance and reduce fraud.<\/p>\n
NPCI aims to make UPI faster, safer, and more reliable through these updates.<\/p>\n
The changes apply to all major UPI platforms like Google Pay, PhonePe, and Paytm.<\/p>\n
Users will now be limited to 50 bank balance checks per day, and balance may be shown with every transaction. Auto payments will only be processed during non-peak hours to reduce system load. Bank details can be accessed up to 25 times daily, and the recipient\u2019s registered name will be shown before each transfer to prevent mistakes.<\/p>\n
Bank balance enquiry<\/p>\n
Users can check their bank balance up to 50 times per day.<\/p>\n
UPI apps may limit or pause balance checks during peak traffic hours.<\/p>\n
Users will now see their available balance with every transaction.<\/p>\n
\u00a0Autopay<\/p>\n
Auto payment Processing (Autopay) transactions will be processed only during non-peak hours:<\/p>\n
Before 10:00 AM<\/p>\n
Between 1:00 PM \u2013 5:00 PM<\/p>\n
After 9:30 PM<\/p>\n
If scheduled during peak hours, payments may occur before or after the set time.<\/p>\n
Failed autopay transactions will get retry attempts; if unsuccessful, the payment will be canceled.<\/p>\n
Bank details\u00a0<\/p>\n
Users can view the list of banks linked to their mobile number.<\/p>\n
Access is limited to 25 times per day.<\/p>\n
Requests must be user-initiated after selecting the issuer\u2019s bank in the UPI app.<\/p>\n
Transaction checks<\/p>\n
Unconfirmed transactions will now update quickly instead of showing as \u201cpending.\u201d<\/p>\n
Users can check a payment\u2019s status only 3 times, with a 90-second gap between each attempt.<\/p>\n
Recipient name\u00a0<\/p>\n
The registered name of the recipient will be shown before each transaction.<\/p>\n
This will help users avoid fraud or wrong transfers.<\/p>\n
The name will appear alongside the transaction ID.<\/p>\n
Penalties<\/p>\n
NPCI may impose penalties for non-compliance, including:<\/p>\n
API restrictions<\/p>\n
Suspension of onboarding new users<\/p>\n
Fines or further actions<\/p>\n
How new rules helps<\/p>\n
Enhance the performance of UPI applications<\/p>\n
Reduce the risk of fraud<\/p>\n
Manage system load during peak hours<\/p>\n
Ensure greater transparency and user control<\/p>\n","protected":false},"excerpt":{"rendered":"The National Payments Corporation of India (NPCI) will implement new UPI rules starting Friday, August 1, to improve…\n","protected":false},"author":2,"featured_media":36971,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[33484,33485,33486,33487,33488,33489,64,63,33490,203,33491,12578,105,209],"class_list":{"0":"post-36970","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-bankbalance","9":"tag-fraudprevention","10":"tag-onlinepayments","11":"tag-paymentsecurity","12":"tag-upirules","13":"tag-upitransactions","14":"tag-au","15":"tag-australia","16":"tag-digitalpayments","17":"tag-mobile","18":"tag-mobilepayments","19":"tag-npci","20":"tag-technology","21":"tag-upi"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/36970","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=36970"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/36970\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/36971"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=36970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=36970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=36970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}