UPI 5 Major Updates in 2024
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- čas přidán 29. 08. 2024
- UPI 5 Major Updates in 2024
👉To curb rising instances of online payment fraud, a four-hour time limit would be applicable each time a user initiates the first payment exceeding Rs 2,000 to another user with whom they have not previously transacted.
👉UPI for secondary market’ facility has gone live from January 1 in the Beta phase for the equity cash segment. HDFC Bank has already gone live with this facility - now you can invest in stock market via UPI from your HDFC Bank’s App
👉 UPI transaction limit for hospitals and educational institutions from ₹1 lakh to ₹5 lakh
👉 UPI payments to Rs 1 lakh for credit card repayments, mutual fund subscriptions and insurance premiums will no longer require an additional factor authentication. Before the announcement, the limit of money that could be transferred without AFA authentication was Rs 15,000.
👉The RBI has now allowed banks to offer a credit line facility to UPI users. You can spend from a pre-sanctioned credit line and repay the bank later.
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4hr windows is only for person to person.... Merchant payment will be instantly settled.... To safeguard purchase/selling rights
If it so then it won’t help reduce fraud!
Fraudster will simply use a Merchant Account to receive payments!
@@Babu69Official bro do you know, how merchant accounts are verified? Not every Tom-Dick-Harry can open a verified merchant account.
@@jagan_94 I actually have a Merchant Account which I created in 2020 without verification (back then it was easy to create merchant accounts) and it’s still working fine lol and I have seen some frauds on Telegram where they use Merchant Accounts to do fraud, they purchase those accounts from local merchants from their Village.
No merchant account also taking 4 hrs to settle.i faced the same.
2:40 sorry to correct you, for IPOs, you don't need to put money in brokerage account, it is directly blocked from your savings account and only debited directly from savings account if shares are allotted to you, so you earn the bank interest till the date of allotment of shares.
ye to abhi bhi hai
@@tecnicsamjo exactly
Yes you are right👍
Right
The 4 hour time halt is basically to increase the usage of debit and credit.
Suppose if you are buying something over 2000 to 10000 than you can't use upi now because the store will not wait 4 hr for his payment, so we have to pay in cash or debit and credit cards basically.
Rupay card ko promote krenge ah
You can pay Rs 2000 at a time for 5 times, this also works
Very nice explanation. You made all the points simpler and understandable.
Please share the date of implementation.
Thanks for sharing this.😊
Welcome 😊🙌
It's already implemented from 1st January
I want some help mere galat transaction ho gae hai 1000 each mere saath scam hua hai can you help me @@bekifaayati
Credit Line are like a loan with only advantage that they are available for withdrawl as and when needed since these are treated as loan so the interest rate is charges from day 1( when withdrawl happens)
Mainey agar 5000Rs ka saman purchase Kiya or 4 hour duration ki wajha se payment Kar k main ghaar aa gaya or fir ghaar aa Kar payment cancel Kar Kar di. To kyan hoga😂
Dukan walon ko pata to lagne do ki ye naya rule aagaya hai...phir wo sab khud...2000 se upar wali purchases me UPI allow nahi karenge....bolenge ki bhai cash dede
@@Johnpreston2707sahi kaha . 2000 ke multiple me payment karne kahenge, loss koi nhi lene wala. jidar jaake complain karoge karlo
sirf first payment pe hi 4 hour time limit h.....baad mai jo payments krenge uspe time limit nhi h
@@rolex6170 haan....maine same cheez Sochi just reply ke baad...
@@vikassaini1051She didn't explained all the conditions. Yes it only works for the first transaction to that person. But I don't how secure is that also, it might have other loopholes like every time i use a different upi app to pay, will those be considered for first transaction or not.
4 hour system is very very good approach.
Liked all of the ideas except the first one: Correct me if I am wrong in my understanding, but if I make a payment to a small shopkeeper who does not have a merchant license (because merchant payments will be settled instantly) I will hold the payment for 4 more hrs during which I can modify the payment or outright cancel it. So, 2 scenarios:
1. I give payment to a shop for a service they provide for ex: Samosas or pay someone for their hardwork, then after paying the shop Rs 200, I change it to 20 or cancel the payment, the person will not be able to do anything because he will not have any solid proof that I used their services. Also they will not be able to find me because as no transaction was completed, there will be no tracking (still unclear about the policy). The person will have to sell me their services out of trust that I will not do something shady afterwards.
2. A friend called me asking for 10,000 immediately because he is in some emergency or is stranded somewhere, he will not be able to withdraw or transfer it because there is a 4hrs buffer window.
These are some of the concerns that I have with the new policy, rest all of them are good and UPI Pay Later will be a gamechanger for the middle class I believe.
I believe they done this to save their per transaction cost, like neft
and this feature will only be good for npci and not for the end customers
Thank you. for these amazing updates
Welcome 😊🙌
02:45 Wrong information shared for applying ipo ,
Ipo applying through upi only deduct balance when ipo allot, otherwise our amount always in our bank account although it become on hold till allotment
Do you think upi pay later will be available for P2P payments?
Else it will be same as benefit being provided currently by rupay CC.
I don't think p2p payments will be available for this
For the first time I used UPI and My sbi bank charged ₹100 as sbimops i don't know why?
4 hours for 2000+ payments such a waste… in case of emergency how can you get with it?
first 1 rupees send then more amount easily send
a four-hour time limit would be applicable each time a user initiates the first payment exceeding Rs 2,000 to another user with whom they have not previously transacted.
4 hr jyada h 30 minutes bhi bahot h
Shopping me kaisa hoga eg. if i want buy clothes worth 4000/- and want to pay through upi ? Will the shopkeeper hold my delivery for 4 hrs?
It is only for those PPL who are new to UPI for the first time. Once it's done, it won't be applicable after that!
4 Hour approach is good for transaction normal user to normal user, not for business QR Codes.
please anyone explain me more with this point?
Google it, or search on CZcams
It is only for those PPL who are new to UPI for the first time. Once it's done, it won't be applicable after that!
Nice
Thank you 😊🙌
the 4 hour window is applicable only when you register first time in upi?
Yes. Once it's done, the 4 hour system won't apply after that!
Mera sabse favourite cash withdrawal through upi kyunki yeh ek new technique hai jo RBI launch karne ja raha hai aur isme fraud hone ke chances kam hai because we are sharing our own QR codes
What is the transaction limit through UPI per a financial year if i am holding the demat account ???
Mam ye bhi btay ki use konsa kre konsa secure or best h Paytm ya phone pay app
Ye Rules kis date se applicable honge??
Please reply
Already implemented.
Abb #RBI Market me 4 ghante rukna pdega upi payment kre shopping me😢
how many free transactions can be made from kotak bank by 3rd party UPI?
UPI Pay Later pe dedicated detailed video please
Sure, we will try to cover this in our future videos.
2000 se kam ka multiple payments badjaenge, aise me daily limit on transaction via upi ko badhaani hogi. koi dukandaar nuksaan ke darr se upi se piche hatne b lagenge
It is only for those PPL who are new to UPI for the first time. Once it's done, it won't be applicable after that!
mam rent payment karnge credit card se kitna time me payment ayga instant ya kab?
What about upi shopping mall transactions? ?
I like your way of explation
I like mario game ,and you😊
Very informative video mam, Thank youuu
Welcome 😊🙌
UPI paylater option will definitely leds to...
Charges from the shopkeeper to accept UPI payment...
Very useful,and informative,video- @mol❤
Thank you 😊🙌
This 4 hour window is not good for merchants if someone pays at the time of bill but cancels afterward what will merchant do?
There will be some solution to it
Thanks for information
Welcome 😊🙌
मैं पहली बार किसी दुकान से 5000 का समान खरीद रहा हूं वो भी घर से हजारों किलोमीटर दूर घूमने के दौरान।क्या घूमने के बजाय उस दुकान पर 4 घंटे बैठा रहूं 5000 की पेमेंट के लिए। ये बेवकूफी भरा फैसला है।
Super video excellent information thank you
Welcome 😊🙌
Last one is very interesting
Hm students 18+ ho rhe h koi income ideas 💡 Jisse ki Hm bhi kuch legal trike se paisa bna ske 🤑🥴🙏
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Which UPI APP Best fir share market BUY STOCK
I like you ma'am.
And your way of explaining any ..
Jo apka h wahi same mera bhi h ji. Thanks for sharing 🙏
Amazing video 💯
Thank you 😊🙌
What you means
Demat a/c linked with UPI or UPI app will have demat a/c whenever we have new VPA account
RBI sahiii rule nhi nikala
Upi in share market update is wrong. It was happening way back from past. This means ur not using new age tools/apps for stocks.
Very helpful
Thank you 😊🙌
Very informative video 👍
Thank you 😊🙌
Good
Thank you 😊🙌
Mam agar koi customer shop pe 6000 ka purchase Kare and paid through scan or phone number agar wo customer Ghar Jake cancell kar de tho ham customer ko kahan dhundenge it’s totally loss
Customer ko bolna 2000 ka pay kr de 3 times 😅
Mem , I request you to please make a video series for how to make passive income from online।
❤ Please Reply 🎉
From Betul, Madhya pradesh India❤।❤❤
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Scan karke deekh rupiya send Kitne time me Hota Hai 😂😂😂
Good information 😊
Good information
Thank you 😊🙌
Upi pay later is my fav
Pta nai aajkal RBI kaun sa maal fuk raha hai aajkal...
4 Hour Window...Mtlab ek to person kbhi v cancel kr dega saman le jane k baad ish time range me ya dusra payment krne k 4 hour k baad saman lene jao again...Wrna saman nain dega shopkeeper...
Alls are great 👍👍
Excellent
Thank you 😊🙌
Is one score aap is reliable whatever score it shows that it’s correct, because I had checked from CIBIL Official site it showed different score from one score APP
can you answer my one question recently RBI relase a notice regarding paytm bank and I have fixed deposit in the paytm bank account should i redeem or it is safe.
If you don't redeem it will automatically be redeemed latest till March
Thanks for clarification. @@bekifaayati
Please make a video on using UPI Pay Later
Sure, we will try to cover this in our future videos.
i think yeh 200 vali limit shi nhi hai is se sarah kam cash me hone lge lgega dubara se because shopkepper would not like to take risk for 4 hours waiting i personally used upi for instant payment.
you should work on your voice, it can be refined in post production.
Very very nice update
❤❤❤❤❤❤❤❤
Please make video on Paytm customer support services because this is very tough process 😢😢
मेरे फ्रेंड ने गलती से मेरे माइनस अकाउंट मे 5000 रस ट्रांसफर कर दिए अकाउंट बैलेंस 0 rs बता रहा है क्या मेरे पैसे वापस आ सकते है प्ल्ज़ हेल्प
Last Absulutiliy not becasue it's increase our spends
One good thing about UPI, is that bank like SBI, have their own SBI pay UPI app 📱✔️
How is this good or bad?
@@IncognitoSahildon't know every bank has their own UPI app
Pnb also😊
@@Buddhu_Gamerbekar hai..pnb wale..i closed.
@@BlackMambaInland kyu dost
Wah gajab kar diya badi muskil main fel di RBI walo ne😢😢
I'm a businessman if a person come to my shop and shopping let's take a example 2200/- now customer go his house and cancel his transaction. Now what can I do?
Mr. Businessman you make FIR in police station against customer.
2000 limit will kill UPI.
what if I have to send money to my friend for some emergency ?
You can always make multiple payments of Rs. 1999/-
Very nice
Thank you 😊🙌
Bekifaayati is very kifaayati for knowledge
RBI UPI ko khatam karna chahata hai aur chahata hai ki log cash use kare.
Sabko pata future me log crypto currency use karenge, decentralised banks honge.
RBI governor tadap Raha hai. 😅
Mera account angel one me hai toh me upi se kaise share kharid sakta hu please explain
Great job 👍
Thank you 😊🙌
The speaker is so cute
🤤🤤
If I'm not mistaken the 4 hours window is only for newly added numbers, once any transaction is done on that number it wont have that 4 hour delay. Also the 2000 limit should be as a option for user to increase on their own risk. Thank you for sharing such info.
I hope it is like that. If it is 4hrs for every transaction, the whole technology will fail.
The shopkeeper will say collect the item after 4hrs 😂😂😂.
I believe, Upi pay later is a perosnal loan... so it wont be same as credit card
Actually credit card also comes under personal loan only sir/mam
Kab se lagau hoge ye
I uninstalled BHIM APP & reinstalled BHIM APP as Passcode was being returned as wrong.
However, after reinstalling BHIM the money that was lying in UPI Light.
I am unable to recover the money earlier lying in UPI Light.
Please help me what to do now to get back my money as it hasn't automatically been credited to my bank account.
Your video would have been good if you had covered typical problems and their solutions associated with UPI Light.
An early reply and help shall be appreciated.
Let me also tell you that RBI doesn’t regulate UPI & it is being done by NCPI. Please don't say that RBI is issuing UPI transaction related guidelines.
RK Talwar
Can anyone suggest best UPI ?
Ty for ur suggestion :)@@ankan.majumder
Ty for ur suggestion :)@@ankan.majumder
dookandar ko 2000 ke upar dene ki bad bhi nhi geya toh...woh toh mujhe nhi chodega nah ?
2.35 % charge lagne laga hai uska bhi batayye
Jo hai wo services ko mazboot kiya to he kaafi hai.... UPI, nowadays has become very unreliable. Payments get struck-up.
Jo log phle bewkuf bn jate the, wo 4 hours k window time me smjhdar ho jayenge? I think awareness jyada important inspite of implementing these bullshit regulations.
OMG.....I am 1st viewer, 1st liker, 1st commenter
Good work dear
Thank you 😊🙌
about the 3 hour window. If i am buying grocery worth more than 2k then after paying it with upi will the shopkeeper let me go ?? Because i can cancel the transaction after reaching home. Not every shopkeeper will check all the transactions(which will be in thousands per day)!!! He can get scammed easily. And also there is still not much literacy in terms of law and order, he might not even go to police!!
Merchant p ni hoga
@@Hixmer ellaborate
Hope they don't comeup with transaction charges.
Very good decision
Inc in limit img wanted that badly so I can pay all cards in one transaction that ber card I can do full payment
madam ATM QR code se hum rupay credit card se paise nikal sakte h kya??😅
Post linking the card, customer will be able to make payment to a merchant by scanning the UPI QR code. Payment authentication will be done using UPI PIN. Cash withdrawal at merchant, P2P, P2PM, card to card payments will not be permitted through this functionality.
For IPOs also UPI mandate blocks amount from Bank so broker payment account not used. It wrong information
Lagta hein cash use karne ka din aageya
Main dahez ke sath hon mujhe chahiye hi chahiye😀😀😀
Mam negative balance solution please 😢😢😢😢
Sab gurjobar kr dega 4 hrs
2000 se upar ka shopping purchase karke transaction cancel kardega isse to ar fraud badega.
4hr limit is the best👍💯.