If you do not have a smartphone but have a feature phone with buttons, then this news is useful for you. In fact, recently the Reserve Bank of India (RBI) has given big news for feature phone users. Now UPI payments up to Rs 10,000 can be made using UPI 123Pay. This facility will start from January 1, 2025. Earlier this limit was Rs 5 thousand.

What is UPI 123Pay?

UPI 123Pay is an instant payment system for feature phone users and users with limited or no internet connectivity. Through it, such users can easily make UPI payments. This system provides UPI payment facility in 4 ways.

1. By calling IVR number-

According to NPCI, feature phone users will be able to make UPI transactions through IVR number. For this, you will have to call the IVR number (080-45163666, 08045163581 and 6366200200) and get your UPI ID verified. Now you will have to make your payment after following the instructions given on the call.

2. Using the app on feature phone

3. Missed call based method

4. Sound based payment

UPI facility was launched in the year 2016.

Let us tell you that Unified Payments Interface i.e. UPI is a real time payment system. UPI payment system was launched in the year 2016. UPI system is run by National Payments Corporation of India (NPCI). According to the information given recently by the Finance Ministry, more than 15,547 crore transactions worth Rs 223 lakh crore have been made through the UPI system from January to November this year.

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The post UPI Payment System: UPI rules to change from January 1, money transfer limit will be doubled first appeared on Rightsofemployees.com.

If you invest in National Pension Scheme (NPS) or Atal Pension Yojana (APY) keeping in mind the future of you and your family, then you must be fully updated about it. Changes have been made in both NPS and Atal Pension Yojana by Pension Fund Regulator PFRDA.

After the new change, now the subscribers associated with the scheme will be able to pay the contribution through UPI (UPI Payment System). In the information given by the pension fund regulator, it was told that if the subscriber pays his contribution before 9.30 am, then it will be considered as investment of the same day.

But the amount deposited in the account after 9.30 am will be counted in the next day’s investment. Till now the subscriber could send the contribution amount through IMPS / NEFT / RTGS (IMPS / NEFT / RTGS). But after increasing its scope, now UPI can also be done. Changes in Atal Pension Yojana also Atal Pension Yojana (APY) is for the employees working in the unorganized sector.

The subscribers of this scheme get a guaranteed minimum pension of Rs 1,000 to Rs 5,000 monthly after attaining the age of 60 years depending on their contribution. Changes have been made in the Atal Pension Yojana from last October 1.

According to the new rule, income tax payers will no longer be able to apply for the Atal Pension Yojana (APY). If you invest in National Pension Scheme (NPS) or Atal Pension Yojana (APY) keeping in mind the future of you and your family, then you must be fully updated about it. Changes have been made in both NPS and Atal Pension Yojana by Pension Fund Regulator PFRDA.

After the new change, now the subscribers associated with the scheme will be able to pay the contribution through UPI (UPI Payment System). In the information given by the pension fund regulator, it was told that if the subscriber pays his contribution before 9.30 am, then it will be considered as investment of the same day. But the amount deposited in the account after 9.30 am will be counted in the next day’s investment.

Till now the subscriber could send the contribution amount through IMPS / NEFT / RTGS (IMPS / NEFT / RTGS). But after increasing its scope, now UPI can also be done.

Changes in Atal Pension Yojana also

Atal Pension Yojana (APY) is for the employees working in the unorganized sector. The subscribers of this scheme get a guaranteed minimum pension of Rs 1,000 to Rs 5,000 monthly after attaining the age of 60 years depending on their contribution. Changes have been made in the Atal Pension Yojana from last October 1. According to the new rule, income tax payers will no longer be able to apply for the Atal Pension Yojana (APY).

The post NPS Rules Change: Big News ! Big change in NPS, government employees must know the new rule to avoid loss first appeared on Rightsofemployees.com.