UPI Payment New Rules: There is big news for those who make payments through UPI. NPCI has issued a circular related to this. Know what this new rule is and how it will benefit you.
UPI Payments New Rules:Â There is big news for those who make payments through Unified Payments Interface (UPI). Now you can make payments easily and without any fear. If you also use UPI then know what it is.
Now you can make Unified Payments Interface (UPI) payments without any mistake or fear. National Payments Corporation of India (NPCI) has instructed all UPI applications to show the name written in the beneficiary’s bank account. Know in detail how this will work.
Its circular was issued on 24 April itself. Instructions have been given to implement the new rule by 30 June 2025. Names written in the QR code or contact list will not be valid.
UPI is a smartphone application that allows users to transfer money between bank accounts. It is a single-window mobile payment system developed by the National Payments Corporation of India (NPCI). It eliminates the need to enter bank details or other sensitive information every time a customer initiates a transaction.
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