Brief Summary
This video discusses three significant changes to UPI (Unified Payments Interface) that took effect on August 1st. These changes involve limitations on checking bank balances, modifications to autopay timings, and restrictions on verifying transaction status. These adjustments were implemented by NPCI (National Payments Corporation of India) to reduce server load.
- UPI users can only check their bank balance 50 times a day.
- Autopay for non-PE covers (transactions outside 10 am to 1 pm and after 9:30 pm) will be debited from the user's account.
- Users can only check the status of a UPI transaction three times, with a 90-second gap between each check.
UPI Transaction Limits
The video begins by urging viewers to like the video and follow the Money Purse page. It then highlights that UPI users are now restricted to checking their bank account balance only 50 times per day. This change aims to manage the load on UPI servers.
Autopay Changes
The video explains modifications to the autopay feature, particularly for Amazon accounts and mutual fund SIP (Systematic Investment Plan) debits. Autopay will only function for non-PE covers, which means transactions occurring before 10 am, between 1 pm and 5 pm, or after 9:30 pm. During these specific time frames, money will be debited from the user's account.
Transaction Verification Limits
The video details that users can only check the status of a UPI transaction three times. Each check must be spaced by a 90-second gap. This restriction is intended to alleviate the load on UPI servers by limiting the frequency of transaction status inquiries.
Reason for Changes and Call to Action
The video conveys that NPCI implemented these changes to mitigate high load on the existing UPI servers. Viewers are encouraged to share this information with other UPI users. The video concludes by asking viewers to comment on which UPI app they use.
