New Delhi: If you use UPI, then this news will be very useful for you. Sometimes, due to incorrect information and negligence, UPI accounts get blocked, causing problems for users. It’s important to know the new rule, which will affect new users.
UPI-linked apps like Google Pay, PhonePe, and Paytm have become the most trusted apps for online transactions. UPI is increasingly being used for everything from buying tea at a street stall to online shopping, paying electricity bills, and other tasks. Another new rule related to UPI has been implemented. It’s crucial to understand this new rule to avoid any confusion. Not knowing the new rule could lead to difficulties.
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Why does a UPI account get blocked?
Sometimes, the UPI ID itself gets deactivated, and users don’t even realise it. If a user is negligent or uses incorrect or outdated information, their UPI account could be affected. Their UPI account might even be temporarily blocked. The biggest concern is that many people only find out about this when their payments suddenly start failing.
Learn about the new UPI rule.
Under the new UPI rule, every UPI account must be linked to an active, valid, and correct mobile number. If a user’s mobile number is inactive, disconnected, or hasn’t been used for a long time, the UPI ID associated with that number will be considered risky. Additionally, if identity verification is incomplete or the user has been inactive for a long time, restrictions may be placed on that account.
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Why was this rule implemented?
The question arises: why was this rule introduced? The main objective is to curb digital cyber fraud. When a deactivated mobile number is reassigned to someone else, the UPI account linked to that number remains associated with the old user. The new user unknowingly gets linked to the old bank account. In such a situation, the possibility of fraud, incorrect transactions, and data misuse increases significantly.