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New UPI Rules: New UPI rules have been implemented from today August 1. The main aim of implementing the new rules is to further enhance the efficiency of UPI apps and protect users from online fraud and scams. According to the National Payments Corporation of India (NPCI) the new Unified Payments Interface (UPI) rules will apply to all payment service providers such as Paytm PhonePe and Google. What Has Changed From Today? From today users will be restricted to check their balance for a limited time. Earlier there was no restriction on balance checking. Now users will be able to check their balance 50 times a day. They will be able to check the list of their bank account 50 times a day. It is said that some customers used to check the balance through UPI during the day just to entertain themselves. This also created a situation of congestion on the system. Therefore changes are being made in it. Changes In Auto Payment Rules Some important changes have been made in the rules of autopay. Whether its a home loan EMI personal loan car loan payment for a systematic investment plan or a subscription to any OTT platform– the transaction time for all these has been revised. Now monthly scheduled transfers will only take place before 10 am or after 9:30 pm. What To Do If The Transaction Fails? Now if the UPI payment is not successful or fails users have limited options to know the status. Users will get only three chances to know their status. They have to maintain a gap of 90 seconds between each attempt to check the status. These rules have been changed to reduce the load on the UPI server. See The Name Of The Receiver To Whom You Are Sending The Money Now the name of the receiver of the money will be visible as soon as the money is transferred. Because of this change users will get cautious if they have typed the wrong address or number by mistake.