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UPI New Rules: There will be big changes in UPI from August 1, everything will change from balance check to auto payment

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UPI New Rules: There will be big changes in UPI from August 1, everything will change from balance check to auto payment

Everyone is using UPI (Unified Payment Services) today. Today we use UPI for every small and big need. Many big changes are going to happen in UPI service from August 1. These will have a direct impact on the pocket of the common man.

Let us know what rules related to UPI will change.

What will change

Balance check limit

Users who have a habit of checking UPI balance frequently may face problems. Apart from this, people who have different accounts linked to the same number may also face problems. Under the new rule, you can check balance only 50 times a day in the UPI app.3

Changes in auto payment
Now you will be able to make UPI related auto payments like Netflix subscription and SIP payments only in non-peak hours. You can make their payment before 10 am, from 1 pm to 5 pm and after 9.30 pm.

How to make UPI payment with credit card
To make UPI payment with credit card, you have to follow the steps given below.

Step 1 – First of all scan the QR code to be paid from the UPI app.

Step 2- Now select Pay phone Number or Pay Contact option.

Step 3- After this enter the UPI number or go to other payment options.

Step 4- You can also choose the option of self transfer.

Step 5- Now after the QR code and phone number are verified, enter the amount.

Step 6- Then you have to select the credit card option for payment.

Step 7- Finally enter the PIN code, after which your payment will be completed.

Mutual Fund KYC Process! Mutual Fund investors can now get their KYC done from the post office, know the complete process

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