UPI Payment Rule Change – Major Update Coming on March 1, Know What UPI Users Need to Know!

Rule Change By 1 March: A new month, March 1, is about to begin in just a few hours. March is the last month of the financial year. This year, March will also prove to be very important for some people. On the first of any month, companies across the country make major changes, the impact of which is felt by ordinary citizens.

If you are a UPI user, then March 1 will prove to be very special for you. Various government and non-government organisations operating across the country may make changes to their rules and regulations. This time, changes are expected to be made to rules related to LPG cylinders as well as UPI.

Possible Changes in Payments Through UPI

March 1 could be a memorable day for UPI users. Starting March 1, 2026, security in the digital payment system is expected to be further strengthened. Online transactions involving large amounts of money will no longer require a UPI PIN. Instead, additional biometrics or multi-factor authentication will be required for large, high-value transactions. This change will directly impact UPI users.

Important Points Regarding SIM-Binding Rules

SIM binding rules for mobile users will also come into effect from March 1st. Under the new SIM-Binding rules, it will be mandatory to link every WhatsApp and other messaging app account to an active SIM. Whether the account is created or linked to this mobile number, the SIM must also be present in the mobile phone.

Minimum Balance Rules May Be Made

India’s major public sector banks are also making major changes to the minimum balance requirement from March 1st. Previously, a penalty was imposed for a low balance on a single day, but now a penalty will be imposed every month based on the average. The first day of any month is very important because changes in rules and regulations are expected.

Prices of CNG and PNG may also change.

Did you know that Indian petroleum companies regulate the prices of air turbine fuel used in aircraft, as well as CNG and PNG? Therefore, these prices may change starting March 1st. CNG prices may fluctuate somewhat, and everyone is watching them closely.