NPCI New Rule for UPI Transaction: Now UPI Payments Won’t Go to the Wrong Account by Mistake, Know the New Rule

NPCI New Rule for UPI Transaction: Most people now rely on digital payments. Making payments through UPI online has become very easy. The full form of UPI is Unified Payments Interface. Through this, crores of transactions are being done daily across the country. Here, you can easily transfer your money to another account in just one or two seconds. But sometimes, we make such mistakes that cause money to be transferred to the wrong account. In such cases, UPI users have to face a lot of trouble. But now, NPCI, National Payments Corporation of India, has introduced a new rule, due to which UPI users will not face such problems.

NPCI New Rule for UPI Transaction

A new update has come from NPCI, according to which, if you make a UPI payment, the money will never go into the wrong hands. Let us tell you that if you make P2P payments, meaning person-to-person, or P2M, meaning payments to merchants, through UPI, the account holder’s name will appear on your screen. This will let you know which account the money is going to. In other words, before making the payment, you will be able to check which person’s account the money is being transferred to. Because of this, there will be no confusion while making payments, and the money will not go to the wrong account. This new rule is set to be implemented from June 30, 2025.

What to Do If Money Goes to the Wrong Account

• We will always be cautious while making UPI payments, but if, despite this, money accidentally goes to the wrong account, you should immediately contact the person whose account the money was sent to.
• If they return the money to you, your problem will be resolved.
• In case they do not return the money, you should immediately contact the toll-free number 18001201740 and register your complaint.