UPI New Guidelines: A big change is going to happen soon for millions of users using Unified Payments Interface (UPI). The National Payments Corporation of India (NPCI) has issued a new guideline for banks and UPI apps, which will come into effect from April 1, 2025. The purpose of the new guideline of NPCI is to make UPI transactions more secure.
UPI New Guidelines by NPCI: A big change is going to happen soon for millions of users using Unified Payments Interface (UPI). The National Payments Corporation of India (NPCI) has issued a new guideline for banks and UPI apps, which will come into effect from April 1, 2025. Under this change, banks and UPI service providers will have to update the information of UPI mobile number every week, so that problems related to wrong transactions can be prevented. Apart from this, it has been made necessary to take clear permission from the users before assigning UPI ID.
NPCI’s new guideline
The aim of NPCI’s new guideline is to make UPI transactions more secure. Due to frequent change of mobile numbers or re-assignment to new customers, the possibility of wrong UPI transactions increased. Keeping this in mind, NPCI has instructed banks and UPI apps to update mobile numbers regularly. This will prevent mistakes caused by old mobile numbers and the UPI system will become safer and more reliable than before.
Strict guidelines for banks
On this, NPCI has made it clear that all banks and UPI apps will have to wait till March 31, 2025 to comply with these new rules. After this, from April 1, 2025, all service providers will also have to send a report to NPCI once a month whether they are managing the UPI ID correctly or not.
Mobile Number Recycling
According to the rules of the Department of Telecommunications in India, if a mobile number is not being used for 90 days, then it can be allotted to a new customer. This is called mobile recycling. When the old number is given to a new user, there may be a problem in the UPI accounts and transactions associated with it.
Most Read Articles:
- Loan New Rules: RBI’s new master instructions related to loans are being implemented from April 1, know details
- Income Tax New Rule: Now you will get tax notice if you do this on WhatsApp message, Instagram post, check immediately
- Credit Card Link UPI: Link your credit card to UPI from home, know step-by-step guide
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
