New UPI Rule: The government has given great news to UPI users. The National Payments Corporation of India has made a big change in the rules for making payments through UPI. Now users can also send gold loan, business loan and FD amount anywhere through UPI. Loan account can also be linked to UPI account. With this, you will be able to make payments from credit card to business loan through UPI apps like Paytm, Phonepe, Google Pay. This rule will come into effect from September 1, 2025.
You can withdraw loan money without going to the bank
To make the method of payment easier and secure, NPCI recently took many important decisions. Now once again it has been announced to increase the scope of making payments. Currently, UPI users will be able to link only savings account or overdraft account to UPI. Payment can be made only through these. Some RuPay credit cards have also been linked to UPI, but their number is less. Now with the new rule, customers will be able to withdraw money for gold loan and personal loan online without going to the bank.
NPCI has set some rules
The current rules of UPI have the facility of P2M money transfer, but with the implementation of the new rule, you will be able to do P2PM transactions along with P2P. Not only this, you will also be able to withdraw cash. However, NPCI has also set some rules for this, such as users will be able to make a maximum payment of Rs 1 lakh in a day. Also, the limit for withdrawing cash in a day is only Rs 10,000. Apart from this, the limit of P2P daily transactions has also been made 20.
Along with this, the bank will also decide which payments you will be able to make through UPI. Suppose you have taken a personal loan, then the bank should allow the loan amount only for hospital bills or school or college fees. This facility will be especially beneficial for those small businessmen who take business loans up to Rs 2-3 lakh and they will not have to make repeated rounds of the bank to make payment every time.