National Payments Corporation of India (NPCI) has announced new rules for Unified Payment Interface (UPI). This new rule will come into effect from June 30, 2025. If you also use UPI apps PhonePe, GooglePay, Bhim, Paytm, then you should be aware of the rules in it.
If you also use UPI apps like PhonePe, Google Pay, Paytm, Bhim, then you should know that new UPI rules are coming into effect from June 30, 2025. These rules have been brought with the aim of making digital payments more secure, transparent and reliable. Let’s know what major changes are going to happen in the UPI rules. What will be their impact on consumers.
What is the new UPI rule?
National Payments Corporation of India (NPCI) has announced new rules for Unified Payment Interface (UPI). This new rule will come into effect from June 30, 2025. Under the new UPI rule, while making payment through UPI, users will see only the real name of the recipient registered with the bank. Earlier, names or nicknames etc. used to be displayed on the users’ phones. Which scammers used to hide their identity. But now this rule is being changed. So that fraud through UPI can be stopped.
Benefits of the new UPI rule
1. In the rule that will come into effect from June 30, 2025, now the payers will see the real name of the receiver. This will reduce the cases of fraud.
2. Users will be able to ensure whether they are making the payment to the right person or not.
3. After the implementation of this new rule, users’ trust in the UPI system will increase.
The new rule will be applicable on these transactions
1. Person-to-Person (P2P), i.e. this rule will apply to transactions between two individuals.
2. Person-to-Merchant (P2M), which means this new rule will also apply to transactions between a person and a business.
How will the new UPI rule work?
Whenever a user makes a payment through UPI, he will see the real name of the recipient registered with the bank on the app. Let’s assume that you are making a payment by scanning a QR code. So after scanning, you will see the real name of the recipient on the phone and not any nickname or misleading name. Even if a person is making a payment through mobile number or UPI ID, only the name of the recipient registered with the bank will be shown on his mobile.
After the implementation of this new rule, it will be easy for users to ensure before making the payment whether the person to whom they are sending money is correct or a fraud.
