UPI Rules Change from 1 Jan 2025: With the change of year from 31 December, a rule related to UPI payment is also going to change. Actually, from January 1, 2025, UPI payment of up to Rs 10,000 can be made using UPI 123Pay system. Payment can be made without internet connection with this service.
From January 1, not only the calendar will change, but everything will change. Along with this, some new rules will also change. In this, the rules for making payments through UPI are also changing. RBI had decided that the transaction limit of UPI 123Pay will be changed. The Reserve Bank of India has decided to increase the limit. By using UPI 123Pay, users will be able to transact Rs 10,000 instead of Rs 5000. Earlier this limit used to be up to Rs 5,000. The new rule of UPI 123 Pay service will come into effect from January 1, 2025.
Let us tell you that UPI 123Pay is such a service. In which users are given the option to make payments without internet connection. This is the reason why RBI makes every effort to control such transactions. But now this has also been changed.
Types of UPI 123Pay
In UPI 123Pay, users are provided with a maximum of 4 options to make payments. In this, IVR numbers, missed calls, OEM-embedded Apps and sound based technology are used. According to NPCI, feature phone users will be able to do UPI transactions through IVR numbers. For this, you have to call the IVR number (080-45163666, 08045163581 and 6366200200) and get your UPI ID verified. Then after following the instructions given on the call, complete your payment. Currently, there are 4 crore feature phone users in India. In such a situation, these users are going to get a lot of convenience than before.
When was UPI 123 Pay service started
UPI 123 Pay feature was started in March 2022. It is believed that UPI payment is spreading rapidly in India to small towns and villages. In such a situation, RBI has doubled the limit of UPI payment. UPI service has been started in many countries including Sri Lanka. The Indian system has spread abroad in no time. New decisions are taken by the government regarding this.
