Upi
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Income Tax alert: Cash transfers to wife may attract IT notice | Know the Rules
Personal Finance | Feb 06, 2025, 08:50 AM ISTTransferring money to your wife via UPI or cash? Know about the latest Income Tax Rules 2025 under Sections 269SS and 269T to avoid an IT notice. Find out the legal limit for cash transactions, tax-free gift rules, and the safest banking methods.
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New rules from February 2025: Key changes affecting bank, ATM, UPI users, and more
Personal Finance | Feb 01, 2025, 09:17 PM ISTSeveral new rules effective from February 1, 2025, will impact various financial transactions, including ATM withdrawal fees, UPI transaction ID regulations, banking interest rate changes, gas cylinder price reductions, and car price hikes by Maruti Suzuki.
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These UPI transactions will be blocked from February 1: Know reason, other details here
Personal Finance | Jan 30, 2025, 12:08 PM ISTUPI transactions: In a move to streamline UPI transactions, the National Payments Corporation of India has announced that any transaction ID containing special characters will be automatically declined by the central system.
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Jumped Deposit Scam: Understanding this new UPI fruad and what NPCI has said
Technology | Jan 20, 2025, 12:24 PM ISTThe Jumped Deposit Scam has been making headlines recently. The cyber crime wing of the Tamil Nadu police has issued a warning about this scam. However, here’s what the NPCI has to say about it.
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A relief for Google Pay, PhonePe users, as UPI market cap deadline extended to 2026: NPCI
Technology | Jan 02, 2025, 06:32 PM ISTIndia’s UPI system has seen remarkable growth, with transaction volumes soaring by 46 per cent in 2024 to reach 172 billion transactions, up from 118 billion in 2023. This underscores the platform's critical role in India’s digital economy, making regulatory decisions highly impactful.
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WhatsApp allowed to expand reach: All users now eligible for using UPI payments
Apps | Jan 01, 2025, 05:58 PM ISTEarlier, there was a limit on how many users WhatsApp could onboard to its UPI service. This limit was expanded to 100 million in 2022. NPCI has now completely removed the limit.
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Good news for UPI users! NPCI extends deadline for transaction limits, relief for PhonePe users
Apps | Jan 01, 2025, 04:53 PM ISTNPCI has extended the deadline for the market share limit on UPI transactions. This decision will benefit Google Pay and PhonePe, which currently dominate 85 percent of India's UPI transactions.
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New Year 2025: From UPI to pension, key changes in various sectors in upcoming year | Check details
Business | Dec 31, 2024, 05:08 PM ISTThe new year is set to bring major changes in personal finances, lifestyle, education, and careers, among other areas. Here are some of the key changes that will affect various sectors.
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RBI introduces new regulations for UPI apps starting January 1, Google Pay and PhonePe rejoice
Technology | Dec 30, 2024, 06:43 PM ISTSignificant changes are expected in the new year for users making digital payments through UPI. Users will now have a higher limit for UPI payments than before.
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From new limits to new features: All changes made in UPI in 2024
Technology | Dec 18, 2024, 10:06 PM ISTTo enhance the smoothness of UPI transactions, the NPCI has implemented various rule changes this year. UPI users should be aware of these updates.
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UPI achieves record 15,547 crore transactions worth Rs 223 lakh crore till November 2024
Business | Dec 15, 2024, 02:10 PM ISTUnified Payments Interface (UPI) has set a new milestone by crossing 15,000 crore transactions from January to November this year. According to a study, by October 2023, 75 per cent of all retail digital payments in India were through UPI.
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RBI to allow small finance banks to extend pre-sanctioned credit lines through UPI, check details
Business | Dec 06, 2024, 05:21 PM ISTCredit line on UPI has the potential to make available low-ticket, low-tenor products to "new-to-credit" customers, RBI Governor Shaktikanta Das said.
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UPI users alert: Staggering Rs 485 crore lost to fraud in the first half of 2024-25
Technology | Nov 28, 2024, 06:49 AM ISTWith the rise of internet usage, most people now make digital payments. However, in the last six months, there have been about Rs 485 crore in fraud cases involving UPI.
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UPI merchants: THESE steps can help you avoid UPI-related scams
Technology | Nov 12, 2024, 09:20 AM ISTWith the rise of the internet and UPI, related scams are also increasing in India. UPI merchants can take the following steps to protect themselves and safeguard their hard-earned money.
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UPI without bank account: Here is how to use UPI Circle for family members
Personal Finance | Nov 09, 2024, 06:40 PM ISTKnow how to use UPI Circle to enable UPI transactions for family members without bank accounts. Discover how UPI Circle allows multiple users, including children and the elderly, to make payments through a single account with easy setup.
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Beware of the UPI Refund Scam: What is it and how to stay safe?
Technology | Nov 05, 2024, 10:48 PM ISTUPI scams have escalated and if you ever get a text message from an unknown source claiming that they have transferred money, then you need to be alert. This UPI-based refund scam is spreading like wildfire and people are losing money frequently. Here is everything you need to know.
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HDFC Bank’s UPI service will remain shut for two days in November | Check full details
Business | Nov 04, 2024, 04:03 PM ISTHDFC Bank UPI service: UPI has not only eliminated the need to carry cash but has also made transactions much easier and safer. However, this month, UPI will be unavailable in HDFC bank for two days, preventing people from using this service.
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UPI Lite enables PIN-less payments on Google Pay, PhonePe, Amazon Pay: Here's how
Technology | Nov 04, 2024, 12:08 PM ISTThe National Payments Corporation of India (NPCI) launched the UPI Lite service some time ago, and new rules have taken effect as of November 1. As a result, users will have a higher limit on their payment transactions than before.
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Paytm receives approval from RBI to onboard new UPI users
Technology | Oct 24, 2024, 01:18 PM ISTEarlier this year, the Reserve Bank of India (RBI) directed Paytm to halt several of its financial services due to repeated regulatory violations. Following the ban, Paytm requested approval from the National Payments Corporation of India (NPCI) in August.
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UPI vs UPI Wallet: Which mode of payment is more secure, convenient? Know Here
Business | Oct 22, 2024, 11:27 AM ISTUPI is a payment system, used through payment apps like Paytm, PhonePe, and Google Pay, where a person has to link their bank account to send or receive payments instantly. However, UPI Wallet will not be linked to any bank account.