UPI New Rules from August 1: Balance Check Limit To Auto-Payment Scheduling, Gpay, PhonePe, Paytm To See Changes; Details

UPI Rule Changes: Starting August 1, the Unified Payments Interface (UPI) will undergo several updates. These changes are being implemented by the National Payments Corporation of India (NPCI) to enhance the system's performance and ensure smoother operations, especially given that billions of people use UPI for daily payments.

UPI New Rules from August 1

Balance Check Limits: Currently, users can check their account balance any number of times using authorised UPI apps. However, from August 1, NPCI has limited these balance checks to 50 times per day per UPI app.

Automatic Payment Scheduling: Automatic payments (such as those for subscriptions, bill payments, or loan EMIs) will now occur only at specific, predefined time slots. The specified autopay timings are: anytime prior to 10:00 AM, between 1:00 PM and 5:00 PM, and after 9:30 PM. NPCI has also set a limit of one initial attempt and up to three retries per mandate, for a total of four attempts for a single mandate.

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Account Balance Checks: User from August 1 can check their account balance not more than 50 times on each of their UPI apps. The requests must be made by customers first and not by the apps automatically. This means if there is a provision in these apps to check the account balance automatically, the apps will reject the request.

New API Usage Rules: The new rules will cut the number of times users can view the list of bank accounts to only 25 times a day. This is to reduce unnecessary API calls throughout the day.

Limited Checks on Failed Transactions: Users can now check the status of a failed transaction up to 3 times a day, with a mandatory 90-second interval between each status check. This helps lower the server load and improve the success rate of transaction reversals or retries.

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