Top 5 Changes In UPI Payment From 1st Jan 2024

1st- UPI transactions will now take 4 hours whenever you transfer money to a new number for the first time and the amount is more than Rs 2000 it will take 4 hours.

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3rd - With UPI now Pay Later, You can make Payments With "0" Bank Balance, Bank will provide you with a credit line and a 45 day Interest free period

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4th - The "Tap and Pay "feature allows you to make payments without scanning a QR Code. You can simply tap using your mobile's NFC technology.

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5th - The e-mandate Limit for recurring payments such as SIP, Insurance Premiums, and Bills was Rs. 15000/-, but it has now been increased to Rs. 1 Lakh

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