The National Payments Corporation of India (NPCI) has rolled out updated guidelines aimed at boosting the speed and efficiency of UPI transactions. Key services like payment initiation, status updates, and reversals will now process in just 10 to 15 seconds—down from the earlier 30 seconds—reducing delays and failed transaction rates. The new policy also introduces daily limits, restricting users to 50 balance inquiries and 25 account lookups. For recurring payments via auto mandates, one initial attempt and up to three retries are allowed, excluding peak usage hours between 10 AM–1 PM and 5 PM–9:30 PM. These enhancements are expected to improve the overall experience for users, banks, UPI platforms (such as PhonePe, Google Pay, and Paytm), and merchants. More system upgrades are anticipated post-July to further boost performance and scalability.
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UPI Transactions Get Faster: New NPCI Rules Slash Response Time, More Upgrades Coming
The National Payments Corporation of India (NPCI) has rolled out updated guidelines aimed at boosting the speed and efficiency of UPI transactions. Key services like payment initiation, status updates, and reversals will now process in just 10 to 15 seconds—down from the earlier 30 seconds—reducing delays and failed transaction rates. The new policy also introduces daily limits, restricting users to 50 balance inquiries and 25 account lookups. For recurring payments via auto mandates, one initial attempt and up to three retries are allowed, excluding peak usage hours between 10 AM–1 PM and 5 PM–9:30 PM. These enhancements are expected to improve the overall experience for users, banks, UPI platforms (such as PhonePe, Google Pay, and Paytm), and merchants. More system upgrades are anticipated post-July to further boost performance and scalability.
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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