UPI Transaction Rules Changing from September 15: What GPay & PhonePe Users Must Know
The Unified Payments Interdata-face (UPI) has revolutionized digital payments in India. To make transactions safer and more convenient, the National Payments Corporation of india (NPCI) is introducing new rules from September 15. Users of GPay, PhonePe, and other UPI apps should be aware of these changes to avoid confusion and ensure smooth payments.1. Daily Transaction Limit UpdateThe maximum limit per transaction and per day may be revised. Users are advised to check their bank and app limits to avoid transaction failures. This update aims to enhance security and reduce fraud risks.2. Mandatory bank Name in UPI IDUPI IDs may now clearly indicate the linked bank name. This ensures better transparency and helps users identify which bank their transaction is going through, reducing mistakes in fund transfers.3. OTP and Authentication RulesUPI apps will enforce stronger OTP and authentication processes. While most transactions currently use app-based authentication, some high-value or risky transfers may require additional verification.4. Real-Time Fraud AlertsWith the new rules, apps like GPay and PhonePe will send instant notifications for suspicious or unusual transactions. Users should review alerts immediately and report any unauthorized activity to their bank.5. Transaction Categorization & ReportingUPI transactions may now be categorized for easier tracking, e.g., shopping, bills, or P2P transfers. This helps users monitor spending patterns and simplifies tax or expense reporting if needed.6. Interoperability & bank SwitchingNPCI aims to make UPI even more interoperable, allowing smoother switching between banks for sending and receiving funds. Users can enjoy seamless payments across multiple bank accounts without additional setup.7. Tips for Users· Update your UPI app before september 15· Double-check the beneficiary details before sending money· Keep your linked mobile number and bank details updated· Stay alert for notifications and alerts from your UPI app📌 Final TakeawayThe upcoming UPI rule changes are designed to make digital payments safer, more transparent, and user-friendly. Staying informed and updating your apps will ensure smooth transactions without disruption.
Disclaimer:The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
Disclaimer:The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.