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A significant change in India's digital payment scenario is coming. The National Payments Corporation of India (NPCI) has taken an important decision, under which the use of special signs in UPI transactions from February 1 will be completely banned. This decision is an important step towards further streamlining digital payments.

Description of new guidelines

NPCI issued a detailed circular on 9 January, clarifying that only the use of alphanumeric characters in the UPI Transaction ID will be valid. Use of special signs like @, #, $, % will no longer be acceptable. This rule will apply equally to all UPI platforms and partner institutions.

Upi's increasing popularity

UPI's success story in the field of digital payment has been amazing. The number of UPI transactions reached 16.73 billion in December 2024, which is 8% higher than 15.48 billion in November. In terms of financial price, the total transaction in December was ₹ 23.25 lakh crore, which is much more than ₹ 21.55 lakh crore in November.

Refutation of misleading news

Recently, the market of discussion about the 'Jumpked Deposit' scam in the media was hot. NPCI has dismissed these reports outright and clarified that it is completely misleading. He insisted that UPI PIN is mandatory for UPI transactions, and no transaction without PIN is possible.

Safety and future direction

The main objective of the new guidelines is to make the UPI platform more secure and systematic. This step of NPCI is an important effort to make digital payments more reliable. This will not only bring uniformity at the technical level, but will also be more simple and safe for users.

Suggestions for consumers

It is very important to be vigilant while making digital payments. NPCI has advised consumers not to share their UPI PIN with anyone and immediately inform the suspected transaction to their bank. Also, according to the new guidelines, users should ensure that no special signs are included in their transactions.