UPI Rules: Important Update for UPI Account Holders – New Regulations Coming April 1

The National Payments Corporation of India (NPCI) has announced new regulations for UPI services, which will come into effect on April 1. These changes aim to make UPI payments more efficient and secure.

Key Changes for UPI Account Holders:

1. Mobile Number Updates:
   Banks must remove inactive or disconnected mobile numbers from their UPI systems regularly. This will ensure that only active numbers are linked to UPI accounts.

2. User Consent:
   When users link or change their UPI number, UPI apps will need to clearly ask for user consent. This change is to prevent confusion and errors in the process.

3. Weekly Database Updates:
   Banks will need to update their mobile number records at least once a week. This step will help reduce transaction failures and improve the accuracy of UPI payments.

4. Monthly Reports to NPCI:
   Starting April 1, 2025, banks and UPI service providers must submit monthly reports to NPCI. These reports will include details like active users and the number of successful transactions.

These new regulations are part of NPCI’s efforts to ensure smooth UPI transactions and reduce issues like failed or incorrect payments. By March 31, 2025, all banks must follow these updated rules.

What This Means for UPI Users:

• UPI account holders will notice fewer errors and smoother transactions as inactive numbers will be removed.
• UPI apps will improve how they ask for consent, making the process clearer and more secure.
• The changes will help ensure that UPI transactions are faster and more reliable.

Stay tuned for further updates on UPI rules and make sure your UPI account details are up-to-date to avoid any disruptions.