UPI New Rules 1 August: From August 1 (UPI New Rules 1 August), major changes are going to happen in UPI, which will have a direct impact on your pocket. These include many rules, like a charge for checking balance repeatedly and a penalty on transactions exceeding the limit (UPI balance check limit). If you are a UPI user, then it is very important for you to know about these changes. So let's know one by one what those changes are?

What will change in UPI?

Five major changes are going to happen in UPI from August 1. Which include:

Balance check limit

Autopay only on time

Limit on payment reversal.

Limit on checking payment status.

Limit on viewing transaction history.

1. Balance check limit

Till now, UPI users can check their balance as many times as they want in a day. But now a limit has been imposed on it. From August 1, a user will be able to check the balance only 50 times a day. According to NPCI (National Payments Corporation of India), this limit has been kept so that there is no pressure on the server during other important payments and there is no hindrance in UPI payments.

2. Autopay at a fixed time
Usually, money is deducted from autopay anytime within 24 hours. But now this facility will work only before 10 am and from 1 pm to 5 pm. After the fixed time, you will not be able to do any transactions. That is, you may face problems in this. Especially for those payments that you have set on autopay. Such as SIP, digital investment, or payment of an OTT app through UPI.

3. Limit on payment reversal
Now, a limit has also been fixed for chargeback, i.e., getting the payment back. Now every user can request a chargeback only 10 times in a month. And you can demand a money refund from any one person or company only 5 times.

4. Limit on checking payment status
Usually, users check payment status several times a day after making a payment. NPCI has put a limit on this as well. That means now you will be able to check payment status only 3 times in a day. There must be a gap of at least 90 seconds between them.

5. Limit on viewing transaction history
Now every user will be able to view his bank account details only 25 times in a day from any one app. This has put a limit on repeatedly checking balance or viewing transaction history.

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