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UPI Transactions: Rules of UPI have changed since today, know how it will affect your pocket
Online Payment: There has been a rise in the number of UPIs in the country. While the new year i.e. 2024 has started today, there has been a change in one of the rules of UPI. This rule will affect many UPI holders. Let us know in this article which rules related to UPI have changed?
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“UPI Transactions: Rules of UPI have changed since today, know how it will affect your pocket”
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1 Jan 2024
There has been a rise in the number of online payments through the Unified Payment Interface (UPI) in the country. UPI was launched in the year 2016. After the introduction of UPI, there has been a rise in the number of online payments.
The Reserve Bank of India (RBI) has made several announcements to expand UPI. Many changes have been made in UPI from today i.e. from January 1, 2024. RBI was informed about these changes last month in December.
National Payments Corporation of India (NPCI) asked to deactivate payment apps like Google Pay, Paytm, PhonePe etc and those accounts have not been in use for more than a year. This means that if you are not using UPI apps for a year or more, then your account may also become inactive.
