UPI users alert! Banks and UPI apps will implement new mobile number verification rules after Next 2 days

Jyoti — Sat, 29 Mar 2025 04:28:43 +0000

The National Payments Corporation of India (NPCI) has made new rules to make UPI transactions safer and better, which will come into effect from April 1, 2025.

These changes have been made to make UPI more secure and prevent fraudulent transactions. From April 1, 2025, such Paytm, Google Pay, PhonePe and bank accounts with linked mobile numbers that are not active are being closed. Along with this, Bharat Interface for Money i.e. BHIM app is going to launch its upgraded version in April. With BHIM 3.0, you will get the benefit of five new features.

1. Checking the mobile number

Banks and apps like Paytm, Google Pay, PhonePe will now have to update the “Mobile Number Revocation List” (MNRL/DIP) every week. This will reduce errors related to old or given numbers to someone else. If a mobile number is not used for 3 months (no calls, messages or data), then telecom companies give it to someone else. UPI IDs associated with such numbers will be deactivated. Users will have to keep the mobile number registered with their bank active.

2. Ban on “Collect Payment”

Collect Payment (sending a request to ask for money) on UPI will now be available only to large and verified merchants. The limit for Collect Payment among the general public has been set at ₹2,000 per transaction. This step has been taken to reduce fraud.

Keep these things in mind: If your mobile number has changed or has not been used for a long time, update it quickly in your bank and UPI apps. You will not be able to use Collect Request to make payments above ₹2,000. Instead, make a direct payment or pay the merchant.

New features to be added to BHIM app from April

Bharat Interface for Money i.e. BHIM app is going to launch its upgraded version in April. With BHIM 3.0, you will get the benefit of five new features. NPCI BHIM Services, fully controlled by the National Payments Corporation of India (NPCI), launched a new upgrade of BHIM UPI on Tuesday. BHIM 3.0 will be available in more than 15 languages of the country. It is worth noting that the BHIM app is working on 22.6 crore Android phones and 88 lakh iOS platforms. At present, the number of UPI users in the country is around 30-40 crore.

The third version of the BHIM app comes with features like family mode to manage payments, the ability to work even in areas with weak internet connectivity, and a more user-friendly user interface (UI). This application will give users a completely new experience. Not only this, with BHIM 3.0, you can also monitor your monthly expenses by going to the dashboard, which will make it easy to know where and how much you are spending. This app will categorize all the expenses you make into different categories.

With BHIM 3.0, BHIM service has been launched for merchants. With the help of this, merchants will be able to make payments within the app and they will not need to go to any other app. According to NPCI, all these changes made in BHIM will be gradually introduced on all platforms. The company has also introduced ‘BHIM Vishwas’ scheme. It is currently under discussion for launch. BHIM has partnered with Bank of Baroda, Canara Bank, Karnataka Bank and Union Bank for its upcoming schemes.

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The post UPI users alert! Banks and UPI apps will implement new mobile number verification rules after Next 2 days first appeared on Rightsofemployees.com.

PF Withdrawal Rule: You can also withdraw PF money from PhonePe, GooglePay, Paytm and BHIM app

Jyoti — Thu, 13 Mar 2025 10:02:41 +0000

PF ATM Withdrawal: Employees’ Provident Fund Organization EPFO is going to change the method of withdrawing PF soon. Union Labor Minister Mansukh Mandaviya has announced that under EPFO 3.0, it will now be easy to withdraw PF directly from ATM. That means now the hassle of long formalities, rounds of offices and approval of employer will end.

Now withdrawing PF will be as easy as withdrawing a bank account

Earlier it used to take a lot of time to withdraw PF, but now it will be as easy as withdrawing money from the bank. EPFO is upgrading its system so that employees can withdraw their PF money from ATM anytime. Minister Mandaviya also said that this is your money, withdraw it whenever you want.

How to withdraw PF from ATM?

Under this new facility of EPFO, your PF account will be linked to an ATM-supported system. To withdraw money, you will have to verify your identity with UAN Universal Account Number or linked bank account. Also, multi-factor authentication process like OTP verification will be implemented for security.

Facility to withdraw money from PF will also be available through UPI

Apart from ATM, EPFO is also preparing to provide the facility of withdrawing PF through UPI (Unified Payments Interface). This means that you will be able to withdraw PF directly through apps like PhonePe, Google Pay, Paytm, BHIM. Currently, it takes 2-3 days to withdraw PF through NEFT or RTGS, but with UPI, this work will be completed in a few seconds.

PF ATM card will be available under EPFO 3.0

EPFO customers will soon get a special PF ATM card, through which they will be able to withdraw money from their PF account at any nominee ATM. However, information about which ATMs will support this facility has not been given yet. But EPFO has assured that it will be made easy and user-friendly.

Withdrawing PF will be easier than before

After the introduction of EPFO 3.0, the process of withdrawing PF will become completely digital and instant. Lakhs of employees will benefit from this, especially when money is needed immediately. The government will soon release the launch date of this facility and the complete process.