Google Pay, Run PhonePe? This big rule of UPI is changing from 15 September, what will be the effect on you?

In today’s time, there is hardly anyone who does not use UPI. From buying vegetables to sending money to friends, Google Pay, PhonePe, Paytm has become an essential part of our life!

But now the largest boss running UPI, i.e. NPCI (National Payment Corporation of India) has decided to implement a new rule, which can affect our way of sending and payment from 15 September.

Don’t panic! This is not a scary rule, but an essential step taken to make the system more secure and better. Let us understand it in very easy language what is changing and will it affect your pocket?

So what is changing?

So far we pay in two ways from UPI:

1. From direct bank account: This is the method that 99% of us use.
2. From wallet (ppi): Such as Paytm Wallet, PhonePe Wallet or Amazon Pay Wallet to load money in advance and then pay with it.

The new rule coming is coming Only and only other methods, ie PPI will apply to payments.

The rule is that if you Shopkeeper or merchant To More than ₹ 2000 Payment of your Upi wallet If you do it, then on it 1.1% interchange charge Will take

The biggest question: Will this money be deducted from your pocket?

Its simple and simple answer is – No!

This is the most important thing that you have to understand. This is a charge of 1.1% Customer (customer) Will not be taken from This is a business-to-basic charge.

Understand this like this: This charge will give the shopkeeper’s bank, your wallet company (eg Paytm or PhonePe). This is a charge imposed to run and maintain the system. It will remain completely free for the customer.

So what will be the effect on you?

Let’s consider it in point:

• Bank UPI transfer from bank: If you are sending money to a friend or relative from your bank account, then no changesIt’s exactly as usual Free No matter how much the amount.
• UPI payment from bank at shop: Even if you are making payment from your bank account by scanning the QR code at a shop, even then no changesAlso completely Free Is.
• Wallet payment: Even if you make payment of above 2000 to a shopkeeper, even if you make a shopkeeper No extra money will be deducted from your pocket. This is the case between the shopkeeper and the payment companies.

Then why was this rule brought?

This rule has been brought so that wallet companies who are giving you such good service can also have some money to run the system. With this, they will be able to make their technology better and safe.

In short, to say:

Nothing is changing for the common man. Keep doing the way you were using UPI. This change is behind the curtain, so that you have no straight items. So keep using Digital India carelessly!