Wrong UPI Transfer? NPCI’s New Rule Will Help You Avoid Costly Mistakes
UPI transfer- Digital payments through UPI (Unified Payments Interface) have become a part of everyday life in India. From small shopkeepers to online purchases, people now prefer UPI over cash. It’s fast, easy, and available 24/7. However, one issue remains a major concern—accidentally sending money to the wrong account.
To tackle this problem, the National Payments Corporation of India (NPCI) has introduced a new rule aimed at reducing errors in UPI transfers. This update is designed to make digital payments more secure and accurate for everyone.
What’s Changing from June 30, 2025?
Starting June 30, 2025, all UPI Transfer apps in India will be required to show the registered name of the account holder during a transaction. Whether you’re sending money to a friend or paying a merchant, you’ll see the name linked to the recipient’s bank account—not just the name you saved in your contact list.
This feature applies to peer-to-peer (P2P) and peer-to-merchant (P2PM) transactions. The name shown will be the one recorded in the bank’s Core Banking System (CBS), helping you confirm that you’re sending money to the right person.
Why This Rule Matters
UPI transfers happen in real time. That’s a big advantage—but it also means there’s little room for error. If you send money to the wrong UPI ID or account, recovering it can be difficult and time-consuming. The new rule acts as a final checkpoint, giving users a chance to verify the recipient’s real name before completing the transaction.
This simple change can prevent countless cases of money being sent to unintended recipients, protecting both individuals and businesses from unnecessary loss or stress.
How It Works
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You enter the UPI ID or mobile number to send money.
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The UPI app will fetch and display the bank-registered name of the recipient.
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You confirm the name and proceed with the payment.
Even if your contact is saved under a nickname like “Ravi Plumber” or “Best Friend” on your phone, the app will show the actual name as per the bank records. This ensures that your money is going to the right person.
Final Thoughts
With UPI becoming the go-to payment method across India, this rule by NPCI is a timely and much-needed improvement. It adds a valuable layer of security to protect users from simple yet costly mistakes.
So the next time you make a UPI payment, take a second to check the name on your screen. It might just save you from sending your money to the wrong account.
