Here are the guidelines for ATM, UPI, and Pre-transaction UPI name verification that include:
Now, UPI apps will automatically pull the actual verified name of the recipient of the money through a safe database to protect against misdirected payments and show their name to the people before making a transaction.
Paytm, PhonePe and Google Pay will need two-factor authentication or fingerprint for high-value transactions.
Now, UPI transactions will be counted by banks as your monthly ATM withdrawals that would invite fees like card transactions.
Why 1st June Is The Right Date For Implementing Changes?
The new norms for UPI and LPG are effective from 1st June because 31st May is the hard date by which all technical UPI apps should consider enhanced security measures.
New LPG Rules From 1st June 2026:
You can terminate your LPG connection in 30 days after acquiring a PNG connection.
No new LPG connection allotment to already active PNG connection.
To order gas cylinders, the timeline is now 45 days for rural areas and 25 days for urban areas.
Strict protocols are rolled out so that single households don't hoard multiple LPG connections.
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