UPI has grown to be the most widely used wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW'>digital payment system in india over time. The transaction volumes increased by 8% from the previous month to reach 16.73 billion in december 2024.
 
Particularly in tier-1 cities, india has been shifting away from cash transactions and toward UPI transactions. As a result, it's critical to make sure the whole UPI ecosystem is as safe as possible. because increasing numbers of online scams and frauds sometimes defraud unsuspecting people using UPI. As a result, NPCI has released a new circular that all UPI users must follow.

Now, you might want to read this if, like me, you rely on UPI for your daily existence. Special characters will no longer be allowed in UPI IDs as of february 1, 2025, according to a statement released by the National Payments Corporation of india (NPCI). Since the majority of us have these unique characters in our IDs, they must be changed right now. It has been declared that this will improve security and standardize online transactions throughout the expanding UPI network.
 
According to the january 9 circular, all UPI transaction IDs have to be entirely alphanumeric. This implies that you can't use characters like @,!, or #. Transactions that use special characters in their IDs will fail automatically. According to NPCI, certain organizations still utilize non-compliant formats, even though the majority of banks and payment systems have already adjusted to this requirement.
 
How to avoid transaction failures?
You must now make sure that your UPI ID is structured appropriately to prevent any transaction failures. For instance, 1234567890@ok-sbi will no longer function after the deadline, but an ID like 1234567890oksbi is still valid.
 
Since the deadline is limited till february 1st, you can verify your UPI ID format in your UPI app and make any necessary corrections. You won't be able to make a payment if you don't update your UPI ID on time; you'll need to repair the ID in order for the payment to process. Therefore, to prevent last-minute inconvenience, do it before to the deadline. You can ask for assistance directly from the customer service staff if you're unsure.
 
 

 
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G GOWTHAM

31/01/2025 10:34 AM