Check Your UPI: If you transact through the Unified Payment Interface (UPI) and your mobile number linked to the bank has been inactive for a long time, activate it immediately. Otherwise, you may face problems making payments. A new rule related to the UPI payment service will be implemented from 1 April.
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Check Your UPI: April 1
This will remove mobile numbers linked to bank accounts that have not been active for a long time or that have been reactivated after being closed from the UPI system. This change will affect users whose bank account has an old or closed number linked to it.
The National Payment Corporation of India (NPCI), the organization that regulates UPI, has instructed banks and payment service providers to delete such mobile numbers. At the same time, NPCI may also close the pull transaction feature soon.
Check Your UPI: Decisions Taken to Prevent Cyber Fraud
NPCI has taken this decision to prevent cyber fraud and unauthorized transactions. Many times, after the mobile number is closed, telecom companies allot it to another user. In such a situation, the risk of fraud on bank accounts linked to the old number increases. For this reason, NPCI has instructed banks and UPI apps like Google Pay, PhonePe or Paytm to identify inactive mobile numbers every week and remove them from their system.
This means that if your number is not active for a long time, it may be automatically removed from the bank’s records. Alert message will be sent before discontinuing the service Users will be sent an alert message regarding discontinuation of UPI service. If a mobile number remains inactive despite the warning, it will be removed from the UPI system.
Check Your UPI: NPCI may Discontinue the Pull Transaction Feature.
Cases of fraud are increasing due to pulling transactions through UPI. In such a situation, NPCI is preparing to set a limit on the pull transaction feature in payment apps or close it. According to the NDTV report, NPCI is working with banks to make a plan on how to stop or eliminate pull transactions. However, this plan is still in its initial stage. No official information has been revealed yet on when and how it will be implemented.
🚨 UPI Update: Don’t Lose Access! 📵💸
— BengaluruPost (@bengalurupost1) March 21, 2025
From April 1, 2025, UPI will stop working on inactive or reassigned mobile numbers!
🔹 Ensure your linked number for digital transaction is active to avoid disruptions!#UPI #digitalpayments #India #Bengaluru #Paytm #phonepe #googlepay… pic.twitter.com/AlJhY8RuN4
What is a Pull Transaction?
Whenever a merchant or person sends a request to make a payment on your UPI app, it is called a pull transaction. In this, a notification comes on the payment app, on clicking you see a transaction popup with the amount.
When you click on it and enter the PIN, the amount goes to the account of the person sending the request. Target of 20,000 crore transactions The government is working to promote digital payments. The Union Minister said that the government’s target is to complete 20,000 crore transactions in the financial year 2025-26. Also, UPI is to be promoted to small towns and villages.
Previously, the merchant discount rate on RuPay debit cards and BHIM-UPI transactions was zero. Now, this new incentive scheme will encourage shopkeepers to accept UPI payments. He said, ‘UPI payment is an easy, safe and fast payment service for shopkeepers. Also, the money comes directly into the bank account without any extra charge.’
Jay Chavda He is the Founder and Writer of businesspulsecare.com. He is an I.T Engineer, Freelancer, Businessman. He posts Business, Stock/Share Market, Finance Related News and updates on the website. 🔗