New UPI Rules set in from August 1: Balance checks, autopay and more | Details

The new UPI rules allow changes in activities, including balance checks, autopay requests, payment failures and linked account verifications.

National Payments Corporation of India is set to implement a series of changes in rules related to how UPI apps like Google Pay, PayTM Phone Pay work from August 1.

These new rules are being introduced to reduce pressure on the UPI apps during peak hours of usage.(Representnational Image)

For customers who use UPI apps multiple times a day, these rules can be significant. It pertains to features like balance checks, autopay requests, payment failures and linked account verifications.

Limit on checking balance

The news rules introduced by NPCI put a limit on the number of times users can check their balance to only 50 times a day for each app. The restriction has been issued to reduce the load during peak hours. Along with this, banks are also required to add a balance to every financial transaction by the user.

Auto payment during fixed hours

Recurring payments and auto transactions on UPI like EMIs, SIP, or OTT subscription will be processed only during fixed hours before 10 am, 1-5 pm and after 9:30 pm. This means if your payment is due at 11 am, it might get deducted earlier or later. This is done to avoid processing the autopay in peak hours, which are 10:00 am to 3:00 pm and from 5:00 pm to 9:30 pm. Moreover, while executing the autopay mandate, there will be retries after which the autopay might not get deducted.

Limited tries to access bank details

Every time a user sends money via UPI, they will be able to see the registered name of the recipient before making the transaction.

These changes, though not major, are being made to reduce the pressure on UPI apps during the peak hours and to increase the efficiency of online payments so more users adopt it.