UPI transaction rule changed: big news! HDFC Bank changes the rules of UPI transaction, know the new rule immediately

The country’s largest private bank HDFC Bank has changed the terms and conditions of UPI . If you use HDFC Bank Bank’s UPI, then check these rules once. The new terms are regarding the fund transfer ( UPI Fund Transfer ) and its amount.

Looking at the popularity of UPI in today’s era, even a small change in it can make a big impact. In this context, it is important to know the new terms and conditions of HDFC Bank. HDFC Bank has given complete information to its customers about Mobile Money Transfer from UPI.

HDFC Bank has given information about UPI in four parts, in which features, limit, usage and report fraud are mentioned. The limit is most important in this because in the new terms, information has been given about the limit of money transfer or fund transfer from UPI. According to the bank, a maximum of Rs 1 lakh or 10 transactions can be done in 24 hours. The limit of 10 transactions is for fund transfer only and does not include bill pay transactions and merchant transactions.

HDFC Bank has said that if a customer changes his mobile phone, SIM card or mobile number, then the terms of UPI will also change. Only online transactions of Rs 5,000 can be done within the first 24 hours of any such change. The 24-hour rule is for Android phones while for iPhone users, this time has been kept 72 hours.

1. The bank has also told how to use its UPI and how to generate a UPI ID.
2. Click on ‘BHIM UPI Payment’ icon at the bottom of HDFC Bank Mobile Banking App
3. An auto SMS will be generated for the bidding and security of the device. You have to send this SMS
4. Create a UPI ID. Like your mobile number as your UPI ID like 98XXXXXX21@hdfcbank
5. Select HDFC Bank account number to link with UPI ID
6. Generate 4 digit UPI PIN using debit card details and your UPI registration is done

How to pay with UPI

1. Click on ‘BHIM UPI Payment’ icon at the bottom of HDFC Bank Mobile Banking App
2. Enter 6-digit App Password
3. Click on ‘Send Money’
4. You can opt for ‘Pay Via’
5. UPI ID of the beneficiary
6. Account Number, IFSC
7. Mobile Number and MMID
8. Enter amount and other details
9. Enter 4-digit UPI PIN and make payment