A warning news has come out for UPI payment users. If you also pay through UPI, then be careful. The new rules regarding UPI transactions will be implemented from tomorrow i.e. February 1. From February 1, the payment will fail if the UPI ID has special letters. On 9 January, NPCI issued a circular and banned the UPI ID with special letters from next February.
New rules will be applicable from 1 February
The National Payments Corporation of India (NPCI) is going to make major changes regarding UPI transactions. The new UPI ID rules will be applicable from February 1, 2025. If you are doing any transaction through UPI and special letters are kept for it, then these letters will have to be removed immediately. According to the new NPCI rules, special characters like At the Rate and Undercore will not work in UPI ID. Payments will not be made if there is a special character in UPI ID from tomorrow. You have to remove special letters from your UPI ID. According to the new NPCI rules, only numbers and letters are allowed in UPI ID.
NPCI circular
NPCI issued a circular regarding the new UPI rules. Under which special characters like @, #, $ will not be used in UPI ID. Transactions made with UPI ID made from special characters will no longer be valid. Therefore, users will have to remove special characters like @, #, $ from their UPI ID, otherwise their payment will fail. That is, if your ID is one or three four and your bank is HDFC Bank, then usually the bank itself makes your ID at the rate of one or three to HDFC bank. But now you have to convert it into one, two, three, four HDFC banks. If there is a special character like @ or undercore in the middle, your payment will fail. According to NPCI circular, the UPI ID of the user will be blocked if the rules are not followed.
Why was this decision taken?
Today, digitization is taking place in most areas in India. The use of digital payment (UPI) has increased especially among people. While digital payment stake in 2019 was 34 percent, it has increased a dramatic increase and today it has reached 83 percent. RBI has become more alert due to increasing cyber fraud every day. That is why a new rule has been made regarding UPI ID keeping in mind the security of transactions in digital payments.
