UPI Transactions to Get Faster: NPCI Slashes Response Time to 10 Seconds
Starting Monday (June 16), transactions via the Unified Payments Interface (UPI) will become significantly quicker, with the National Payments Corporation of India (NPCI) mandating faster response times for smoother customer experience.
What’s New?
Transaction Time Reduced:
UPI payments, including money transfers, status checks, and reversals, will now be processed in 10-15 seconds, down from the earlier 30-second window.
Address Validation:
The time to validate a payment address has been cut to 10 seconds, from 15 seconds previously.
Account Balance Check Limit:
Customers can now check their account balance up to 50 times a day via UPI apps. This new limit aims to ensure system efficiency and manage load better. Until now, there was no cap on balance inquiries.
Enhanced Beneficiary Security:
To minimize errors and fraud, UPI apps will:
- Display only the ultimate beneficiary’s name during transactions.
- Disable features that allow users to edit beneficiary names in the app interface.
Why the Change?
NPCI said these updates are focused on:
- Enhancing customer trust
- Reducing risks in digital transactions
- Improving the overall speed and reliability of the UPI system
UPI Usage Continues to Soar
May 2025 Data:
- Total transactions: 1,868 crore (up 33% YoY)
- Transaction value: ₹25.14 lakh crore (up 23% YoY)
UPI, developed by NPCI, has become the backbone of digital payments in India, enabling real-time inter-bank transactions through mobile phones.
