NPCI has issued a circular asking banks to deactivate UPI IDs and numbers that have been inactive for over a year, setting a deadline for this December. This is important because telecom companies can issue deactivated mobile numbers to new subscribers after 90 days, which may lead to inadvertent transfers if users do not update their numbers in the banking systems.
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UPI payments hit new record: Here’s how much people paid digitally last month
NPCI has issued a circular asking banks to deactivate UPI IDs and numbers that have been inactive for over a year, setting a deadline for this December. This is important because telecom companies can issue deactivated mobile numbers to new subscribers after 90 days, which may lead to inadvertent transfers if users do not update their numbers in the banking systems.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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