Digital payment rules changed! Now know these 3 things before doing UPI transaction, otherwise your money may get stuck:

Tech Desk. UPI (Unified Payments Interface), which has become the face of digital revolution in India, has now become more secure and organized than ever. In view of increasing online fraud (Cyber ​​Fraud) and heavy load of transactions, some major changes have been made in the payment system. If you also use Google Pay, PhonePe or Paytm, then it is very important for you to know these new rules. Ignoring these rules can affect your bank account and transactions.

Let us know those important changes of UPI which are related to your security and pocket:

1. Daily Transaction Limit: Banks will decide the limit

Now the same limit will not apply to every user. Different banks and payment apps have Daily Transaction Limit Has decided.

What are the rules: The maximum amount you can send in a day and the number of transactions you can do will depend entirely on your bank policy.

Caution: Before sending a large amount of money to someone, definitely check the daily limit of your bank, so that the transaction does not fail.

2. Security and Verification: Now even more strict

In view of increasing cases of online fraud UPI PIN And the device verification system has been made more robust than ever.

Verification: Now the verification process will be more strict when changing new device or SIM.

Alert: Any unknown link, payment request or sent by any unknown person QR code Avoid scanning. Remember, there is no need to enter a PIN to receive money. Once a transaction is made by mistake, it is very difficult to get it back immediately.

3. Auto-pay and recurring payment: Money will not be deducted without approval

Strict guidelines are now in place for auto-debit payments like mutual funds, OTT subscriptions or electricity bills.

New change: The bank will now send advance notification to the user if the amount is deducted beyond the prescribed limit. Auto-payment of large amounts will not be processed without your confirmation. This will prevent unwanted deduction of money from your account.

5 Golden Tips for Secure UPI Transactions:

own UPI PIN Do not share with anyone.

Keep changing your PIN from time to time.

Download payment apps only from trusted apps and official stores.

Before making payment, please check the name of the receiver on the screen.

If suspicious activity is noticed, immediately go to the bank or 1930 Report to cyber helpline.