UPI users should note, that these transactions will be blocked from February 1, know the whole thing

National Payments Corporation of India issued a circular about this and informed that from February 1, transactions with IDs made of special characters will not be accepted. Users will be able to transact only through IDs made of alphanumeric characters.

Nowadays, making payments through UPI i.e. Unified Payments Interface has become very common. From vegetable carts to big malls and shops, payment has become easy through this. If you also transact through UPI, then you must be aware that NPCI is going to block some transactions from February 1.

National Payments Corporation of India issued a circular about this and informed that from February 1, transactions with IDs made of special characters will not be accepted. Users will be able to transact only through IDs made of alphanumeric characters. Those who do not follow the technical specifications, and IDs of such people will be blocked.

Target to increase UPI transactions

NPCI has taken this decision at a time when retail payment operators have set a target to increase the use of UPI options for transactions. Digital transactions have emerged rapidly in India since the demonetization in 2016.

Cases have reduced significantly.

In this case, the National Payments Interface of India had already advised people to use alphanumeric characters instead of special characters for UPI ID. After which many people accepted it, but still some users are not following it. Now NPCI is going to be strict to get it followed. So that no UPI transaction uses any special character in the ID.

Such transactions will not be accepted.

The central system will not accept all such transactions whose UPI ID includes special characters. NPCI has also advised all banking institutions to strictly comply with this.

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Be careful with the message or email of 'reward point' received from the bank, otherwise, your bank account will be emptied

UPI transactions are making records

Transactions are done very easily through UPI. That is why its use is also increasing. By December 2024, the number of UPI transactions had reached 16.73 billion and made a record.

Disclaimer: This content has been sourced and edited from economictimes. While we have made modifications for clarity and presentation.