Starting August 1, there will be some important changes to the way UPI transactions work, especially if you use payment apps like PhonePe, Google Pay, or Paytm regularly. The National Payments Corporation of India (NPCI) is implementing these new rules to improve the overall performance and stability of UPI services.
While these updates shouldn’t affect your everyday transactions too much, they do introduce some restrictions. For example, there will now be limits on certain services like checking your bank balance, auto-paying bills, fetching bank account details, and checking payment statuses. You’ll still be able to see your balance after every successful transaction, but the number of times you can request your balance will be limited. Additionally, scheduled bill payments, EMI payments, or mutual fund investments will be processed during non-peak hours—either before 10 am or after 9:30 pm to reduce network congestion.
Other key points include a cap of 25 times per day for retrieving linked bank account details via UPI. Also, users will only be able to check the status of a pending transaction three times, with at least 90 seconds between each attempt. These measures aim to make UPI more efficient and reliable for everyone.
