New UPI payment regulations have officially come into force starting today. Rolled out by the National Payments Corporation of India (NPCI), these changes are designed to streamline digital payment processes across platforms such as Google Pay, PhonePe, Paytm, and others. The goal is to enhance the overall efficiency of UPI transactions and ease the burden on backend infrastructure, particularly during high-traffic periods. Although the changes might appear subtle, they are likely to influence how users handle their routine payments on a day-to-day basis.
These updated regulations are part of NPCI’s broader strategy to enhance the reliability and performance of the UPI framework. Although casual users might not notice significant changes right away, frequent UPI users will need to pay closer attention to the newly introduced restrictions.
UPI Transaction status updates:
A major change focuses on transaction status updates—UPI apps are now required to notify users within seconds whether a payment has gone through or failed. This move is expected to significantly cut down the frustrating delays users often encounter when payments remain stuck in a prolonged “Processing” state.
Check your bank balance for an unlimited number of times:
Beginning today, users of PhonePe, Google Pay, and other UPI-based apps will no longer have unrestricted access to check their bank account balances. A new government regulation introduces a limit on the number of balance inquiries that can be made through UPI platforms each day.
Schedule UPI transactions:
The updated UPI guidelines now mandate that scheduled bill payments be processed only during designated time slots. This measure is intended to reduce the strain on the UPI network caused by daily transaction volumes.
UPI users will not be able to retrieve information:
Effective August 1, UPI users will be limited to a maximum of 25 attempts per day to access details of bank accounts connected to their mobile numbers. This restriction applies to all platforms using the UPI system.
