The central government has given great news to UPI users. The National Payments Corporation of India has made a big change in the rules making payment through UPI. Now users can also send the amount of gold loan, business loan and FD through UPI. The loan account can also be linked to the UPI account. With this, you will be able to make payment from credit cards to business loans through UPI payment facilities such as Paytm, PhonePe, Google Pay. This rule will come into effect from 1 September 2025.
Recently, many important decisions have been taken by NPCI to make UPI payment system easy and flexible as well as safe. Now again, it has been announced to increase the scope of payment once. Right now UPI users are able to link only and only savings account or overdraft account. They are able to pay through them, however, some Rupay Cradit Cards are also linked to UPI but it is less. Now with the new rule, the customer will be able to withdraw the money of gold loan, personal loan through online medium without going to the bank.
How to get the facility
The current rules of UPI have the facility to transfer P2M money. However, after the implementation of the new rules, the Customer will be able to do P2 PM transactions with P2P. Not only this, you will also be able to withdraw cash. However, NPCI has made some rules and regulations for this. For example, users will be able to pay up to Rs 1 lakh in a day. Also, cash will be withdrawn only 10 thousand rupees in a day. Apart from this, the limit of P2P Daily Transaction has also been reduced to 20.
With this, the bank will also take a decision regarding which payment you will be able to make through UPI. Suppose you have taken a personal loan, then it may be that the bank can give permission to pay the money of the loan only and only essential things like a hospital bill or education fees. This facility will be especially beneficial for small businessmen. Those who take a business loan of 2-3 lakh rupees and they have to visit the bank again and again to pay anywhere.