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UPI Rule Change: Big news has emerged for users using UPI. NPCI is now preparing to amend several UPI rules. In this connection, NPCI is going to provide a new feature by December 31st, allowing users to view and manage all their transactions and autopayments from any app.
UPI Rule Change: Good news for digital payment users. The National Payments Corporation of India (NPCI) is preparing to make a major change for UPI users starting December 31st. Under this new change, users will now be able to view and manage all their transactions (Auto Payments) from any UPI app, even if they were made on another app. Users will also have the option to port mandates from one UPI app to another.
NPCI has also clarified that no pressure or incentives, such as cashbacks or notifications, will be offered to users in this process. Additionally, new authentication methods have been added to UPI, including face and biometric authentication, which will make transactions more secure. This step has been taken to make UPI more transparent, easy, and secure.
Financial planning – tracking auto payments will be easier.
This new feature will be implemented by all UPI apps and payment service providers (PSPs) by December 31, 2025. Now, if you have transactions on Google Pay, PhonePe, Paytm, or any other app, you will be able to view and manage them within a single app. This will make financial planning and tracking auto payments easier.
Learn what the new change means.
Once the new rule comes into effect, users will be able to see which regular payments are being made using UPI on any app. For example, if there’s an active payment on Google Pay and another on PhonePe, users will be able to easily view both payments on any app of their choice. This will make it easier for them to plan their finances.
Additionally, you can now transfer your mandates from one app to another. This will make it easier for users to switch apps and use the payment app of their choice. NPCI has clarified that this feature will be completely under user control. Mandate porting will be done voluntarily, without any pressure or incentives, and will help make it more effective.
Income Tax Rules : If you withdraw this much cash in a day, you will never receive a notice. Know the Income Tax rules.
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