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NPCI to Stop UPI Pull Transactions from October 31, 2025

13 August 20251 min read
BANKING & FINANCENPCI to Stop UPIPull Transactionsfrom October 31,202513 August 2025safalsetu.com

Why in the news

NPCI will stop person-to-person collect requests on UPI from 31 October 2025 as scams rise.

Key facts

  • The feature suited bill-splitting among peers.
  • Fraudsters posing as merchants or friends tricked users into approving payments, causing unauthorised transfers.

About NPCI and UPI

  • NPCI: not-for-profit company under the Companies Act, 2013; owned by major banks and promoted by the Indian Banks’ Association; HQ Mumbai.
  • UPI: instant real-time inter-bank payment system built on IMPS infrastructure.

Exam angle

  • Pull transactions end 31 October 2025; UPI based on IMPS.

Test yourself

1. From which date will NPCI discontinue UPI pull transactions?

The pull feature ends on October 31, 2025.

2. In a UPI pull transaction, who initiates the request?

The beneficiary starts it and the payer approves with a UPI PIN.

3. UPI is based on which payment infrastructure?

UPI is built on IMPS infrastructure.

This topic is part of Daily Current Affairs 13 August 2025 (15 topics).

All topics of the dayDay quizAugust 2025

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