NPCI has said in the new guidelines that some UPI IDs will be deactivated. Actually, all banks and third party apps like Google pay, Paytm, PhonePe are going to close those UPI IDs in which no transaction has been done for more than a year.
National Payments Corporation of India i.e. NPCI has announced new guidelines. In which it is said that some UPI IDs will be deactivated. Actually, all banks and third party apps like Google pay, Paytm, PhonePe are going to close those UPI IDs in which no transaction has been done for more than a year. Its fixed limit has been kept till 31st December.
If no credit or debit is made from your UPI ID then the ID will be closed. From the new year, customers will not be able to transact with these IDs. NPCI has given time till December 31 to banks and third-party apps to identify these UPI IDs. Before your respective bank deactivates your UPI ID, a message will be sent to you through email or message.
Therefore steps are being taken
Let us tell you that NPCI hopes that these new rules will prevent money from being transferred to the account of the wrong person. Many such cases have come to light in recent years. People often change mobile numbers without remembering to deactivate the UPI ID linked to the new phone. Change mobile number without remembering to deactivate another UPI ID. Someone else gets access to the number because it has been locked for a few days. However, only the previous UPI ID remains linked to this number. In such a situation, the possibility of wrong transaction increases significantly. After the new rule, the fear of this danger will also reduce from the new year.