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UPI users must know these 5 new rules related to transactions.


NPCI has directed payment apps to deactivate inactive UPI IDs after one year. Users of platforms like Google Pay and PhonePe need to verify that their UPI is activated.

The number of transactions through UPI in the country has crossed crores. The reason is that making payments through UPI is very easy. Keeping in mind the growing popularity of UPI, several major changes have been introduced in recent times. In such a situation, you must know the new rules if you are using UPI. Let’s know 5 new changes made in Unified Payment Interface (UPI).

UPI alert

1) Payment limit is increased in this position
Payment limit through UPI has been increased for hospitals and educational institutions. We inform you that the transaction limit for hospital and education related payments has been fixed at ₹5 lakh.

2) Pre-approved line of credit on UPI
UPI users will now get the benefit of pre-approved credit lines. That means they can make payment even if there is no money in the bank account. Pre-approved lines of credit will provide access to credit to individuals and businesses, thereby promoting financial inclusion in the country.

3) UPI for secondary market
Additionally, the National Payments Corporation of India (NPCI) has launched ‘UPI for Secondary Market’, currently in its beta stage, which allows a limited number of customers to block funds after trade confirmation and send them to a clearing corporation. Medium allows settlement of payments on T1 basis.

4) UPI ATM with QR code
UPI ATM using QR code, which is currently in pilot stage. Once it arrives, cash withdrawals will be available without carrying a physical debit card

5) Four hour cooling period
The Reserve Bank of India (RBI) has proposed a four-hour cooling-off period for newcomers to make their first payment above ₹2,000, allowing the sender to reverse or modify the transaction within the time limit.

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