UPI New Rules: There are going to be some big changes in the rules to money transactions and UPI from April 1. Today we use mobile apps for every small and big payment, so these new guidelines will directly impact your pocket and daily routine. It is important for you to understand these changes in advance so that you do not face any problem while making payment.

What will change in UPI from April 1?

Reserve Bank of India (RBI) is now going to make UPI payment more secure than before. According to the new rules, now it will not be enough to just enter OTP to send money, but another layer of security will be added. This means that in future, while doing online transactions, you may have to follow some strict security rules so that your money remains even more safe.

• ‘Two-factor authentication’ (2FA) will be mandatory for payments from April 1.


• OTP alone will not suffice.


• ‘Two-factor authentication’ will require PIN, password and fingerprint.

Why was ‘two-factor authentication’ implemented?

This double check of security (two-factor authentication) is being implemented so that online fraud and scams can be prevented. Its main objective is to make your bank account more secure than before, so that no wrong person can easily tamper with your money.

Payment will take longer than before

Now you will have to go through two security steps during payment, so the transaction process may take a little more time than before. Especially if you are transferring a large amount, it may take some additional time for the payment to be completed due to security checks.

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Banks will be responsible if fraud occurs

• Due to the new rules of RBI, the accountability of banks in cases of online fraud will increase more than before.


• It will now be mandatory for all payment apps and banks like PhonePe and Paytm to follow strict security rules.


• If fraud happens to you due to any technical fault or system failure, then the bank will be held directly responsible for it.


• In any such situation, customers will not have to worry and their problem will now be resolved as soon as possible.