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UPI Transaction Will Fail From Tomorrow - How To Avoid It?
Particularly in tier-1 cities, india has been shifting away from cash transactions and toward UPI transactions. As a result, it's critical to make sure the whole UPI ecosystem is as safe as possible. because increasing numbers of online scams and frauds sometimes defraud unsuspecting people using UPI. As a result, NPCI has released a new circular that all UPI users must follow.
According to the january 9 circular, all UPI transaction IDs have to be entirely alphanumeric. This implies that you can't use characters like @,!, or #. Transactions that use special characters in their IDs will fail automatically. According to NPCI, certain organizations still utilize non-compliant formats, even though the majority of banks and payment systems have already adjusted to this requirement.
Since the deadline is limited till february 1st, you can verify your UPI ID format in your UPI app and make any necessary corrections. You won't be able to make a payment if you don't update your UPI ID on time; you'll need to repair the ID in order for the payment to process. Therefore, to prevent last-minute inconvenience, do it before to the deadline. You can ask for assistance directly from the customer service staff if you're unsure.