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

Tech Desk. Has become the basis of digital revolution in India UPI (Unified Payments Interface) Now it is more secure and organized than ever. In view of increasing online fraud (Cyber ​​Fraud) and heavy load of transactions, some important changes have been made in the payment system. If you also use apps like Google Pay, PhonePe or Paytm, then it is very important for you to know these new rules. Ignoring these rules can have a heavy toll on 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 your limit

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

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 the system has become even more strict

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

Verification: Now when changing new device or SIM, the verification process will be more strict so that no one else can misuse your account.

Alert: Any unknown link, payment request or sent by any unknown person QR code Avoid scanning. Remember, there is never any 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, even if it is a bank employee.

Keep changing your transaction PIN from time to time.

Download payment apps only from trusted official stores (Play Store/App Store).

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

Notify the Bank immediately if you notice any suspicious activity or 1930 Report to cyber helpline.