Unified Payments Interface (UPI) - News & Updates

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Which UPI app you use?


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Inactive UPI IDs from the last one year get deactivated from January 1 onwards

 
The Central Bank is also provisioning to introduce ‘Delegated Payments’ through UPI. This will enable a secondary user, like a spouse to make payments via UPI by using the bank account of the primary user.
 
What is UPI Circle?

UPI Circle is designed to empower users who may not have direct control over their finances but still require the ability to make digital payments.

Primary users can link their UPI accounts with secondary users, granting them the ability to make payments on their behalf.

This system allows for two types of delegation:

Full Delegation: The primary user gives the secondary user the authority to initiate and complete transactions within predefined spending limits.

The secondary user does not need further approval to complete these transactions.

Partial Delegation: The secondary user can initiate transactions, but the primary user must authenticate and finalise the payment using their UPI PIN.

 
RBI has increased UPI lite wallet limit from ₹2000 to ₹5000 & per transaction limit from ₹500 to ₹1000 & also enhanced UPI123 per transaction limit from ₹5000 to ₹10000.
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RBI has increased UPI lite wallet limit from ₹2000 to ₹5000 & per transaction limit from ₹500 to ₹2000 & also enhanced UPI123 per transaction limit from ₹5000 to ₹10000.
Bad move more frauds now will happen.
 
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